how Did America Achieve Prosperity In The 1920s? Flashcards
Whats isolationism
When the usa turned its back on Europe and decided not to get involved in world affairs. They kept a bubble around themselves and kept themselves isolated
Whats the tariff policy
1922 -tariffs were put on imported goods (tax)
America made money
How did america achieve prosperity (least to most impact)
Industrial strength
WW1
Republican policies
New industries
“A state of mind” confident
“Right to prosperity” rich
Americas industrial strength
Iron Coal Oil Gas Textiles Farming
America in ww1
Sending goods to uk
Take over chemicals industry
Taking over markets
Americas republican policies
“Leissez-faire” let the business man make money
Tariffs
Low tax so americans can buy consumer goods
Trusts- super corporations
Americans new industries
- buy now pay later
- electricity
- washing machines
- telephone
- chemicals
- hoovers
- radios
- cars (henry ford made the most cars)
Cycle of prosperity
Increased demand for consumer goods Increased production Increased employment More money available to spend on consumer goods (Goes back round)
What was america like before the 1920s
1914-war had just broken out and america weren’t involved but sent weapons and explosives to Britain
Usa joined the war against germany in 1917
What did henry ford achieve in the roaring 20s
He made the most cars