ESSAY ECONOMIC BOOM

Question 1

INTRO

Answer 1

• description of boom
• summary of republican policies
• other causes mentioned in essay

Question 2

Definition of Boom

Answer 2

• economic boom in USA in 1920s
• increase in consumption of consumer goods, industries grew, mass production and new goods made
• “business of america is business”

Question 3

Other causes mentioned in my essay

Answer 3

• effects ww1
• new methods and industries
• easy credit

Question 4

PARAGRAPH 1 (good things)

Answer 4

• trusts (= magnates grow and become rich) (i.e. Rockefeller’s)
• Rugged Individualism
• Laissez-faire
• Fordney McCumber (= protectionism= buy USA)
• Reduced Taxes (= increase expendable income= more jobs)

Question 5

PARAGRAPH 1 (bad things)

Answer 5

• tariffs against US goods

- bad treatment of workers

Question 6

PARAGRAPH 2

Answer 6

• made money
• took over colonial markets
• raw materials= not dependant on imports
• competitors weak
• money from war invested in industry
• development of new industries (i.e. airplanes, synthetic materials)

Question 7

PARAGRAPH 3

Answer 7

• new tech= more goods (-> mass production)
• assembly line (i.e., Ford)
• more jobs-> more money
• textiles (growing industries, more materials for more & better goods)

Question 8

PARAGRAPH 4

Answer 8

• expendable income= spent on new goods (i.e., fridges, radios)
• more jobs
• more spending overall
• mail order companies
• effects of advertisement

Question 9

CONCLUSION

Answer 9

• name causes mentioned in essay

- Of all causes, … was the most significant because …