The Economic Boom Flashcards
Name Americas supply important resources in the 1910
they had vast supply of oil, coal, iron, oar and timber
what was consumerism like in 1910s America
large population of workers and consumers as a result of the open door policy 1920
what did American banks do during WW1 to increase the economy
loaned money to European countries at a high interest
When did the USA enter the war
1917
Farmers role in the economic boom during WW1
sold crops to European markets at high prices
by what year did America have the worlds leading economy
1918
what and who made the manufacture of cars faster
Henry Ford and the assembly line
how did the number of workers increase
unskilled workers could be easily trained for specific roles and less money
what did average workers wage rise by
20%
in the 1910 to 1920s how many fridges were sold
1 million
what tax did president Harding implement
Fordney McCumber tax 1922, tax on European goods
Coolidge’s policy
Laissez faire helped businesses gain independence
Hoovers policy
Rugged individualism further helped businesses gain independence
what was the rate of car production in Detroit
1 car a minute by 1929
date Harding’s presidency
1921-23
