The Boom Flashcards
1
Q
When did America experience an economic boom?
A
During the 1920s
2
Q
What did the boom cause?
A
A rapid growth of prosperity for many Americans. New industries grew requiring more workers, which led to more job opportunities and good wages, which in turn led to consumers buying more products
3
Q
What is the cycle of prosperity?
(clockwise)
A
More
goods bought
More wages More goods
spent made
More
workers employed
