Causes Of The Economic Boom Flashcards
1
Q
What were the six main causes of the boom?
A
- republican policy
- ww1
- mass production
- advertisement
- building boom
- credit
2
Q
How did the republican policy cause the boom?
A
- fordeny mccumber tariff, putting taxes on foreign goods
- low taxes
- rugged individualism, laissez faire
3
Q
How did ww1 cause the boom?
A
Had money from selling weapon and food to Europe
4
Q
How did mass production cause the boom?
A
- Henry ford made the dream car
* could be produced in 1 h and 33 mins(instead of 13 hours) due to the assembly line
5
Q
How did advertisment
A
As products could be heard on the radios and in cinemas
6
Q
How did credit cause the boom
A
People bought more things due to the ability of being able to pay on Credit
7
Q
How did the building boom cause the economic boom
A
There was demands for new factories offices and shops. And as towns grew in size, they then needed public buildings such as schools and hospitals
