how Did America Achieve Prosperity In The 1920s? Flashcards

1
Q

Whats isolationism

A

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

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2
Q

Whats the tariff policy

A

1922 -tariffs were put on imported goods (tax)

America made money

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3
Q

How did america achieve prosperity (least to most impact)

A

Industrial strength
WW1
Republican policies
New industries

“A state of mind” confident
“Right to prosperity” rich

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4
Q

Americas industrial strength

A
Iron
Coal
Oil
Gas
Textiles
Farming
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5
Q

America in ww1

A

Sending goods to uk
Take over chemicals industry
Taking over markets

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6
Q

Americas republican policies

A

“Leissez-faire” let the business man make money

Tariffs

Low tax so americans can buy consumer goods

Trusts- super corporations

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7
Q

Americans new industries

A
  • buy now pay later
  • electricity
  • washing machines
  • telephone
  • chemicals
  • hoovers
  • radios
  • cars (henry ford made the most cars)
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8
Q

Cycle of prosperity

A
Increased demand for consumer goods 
Increased production
Increased employment 
More money available to spend on consumer goods
 (Goes back round)
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9
Q

What was america like before the 1920s

A

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

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10
Q

What did henry ford achieve in the roaring 20s

A

He made the most cars

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