The Boom Flashcards
What policy did republicans believe in
Laissez Faire. - “leave it alone”
Never interfered with peoples lives
Republican values
Don’t support high taxes
More conservative
Democratic Party
‘Ordinary people’s party’
Favoured helping the most vulnerable
More liberal
Positive of Hire purchase
Help people buy goods
Positive of mass production
Goods can be made a lot cheaper.
Positive of advertisment
Persuades people to buy more goods
Positive of prosperity cycle
More people are employed to make the goods and are then putting their wages into the companies
When was the first ford factory built and where
1903 in Detroit Michigan
How do shares work
To set up a company you need money for wages and equipment
You get this money from investors
These investors then have a share of the company.
What animal were the democrats represented by?
Donkey
What animal were the republicans represented by?
Elephant
When British settlers went to America how many regions did they establish?
13
When did the 13 colonies decide to leave the British empire?
4th July 1777
Why was there a boom?
Shares First World War Mass production Hire purchase Advertisement
Who lived in rural areas that were struggling for money?
Farmers
Black people
Miners