What Was The Boom 3 Flashcards
1
Q
Definition of Us economy boom in 1920
A
Dynamic growth in the American economy in the decade after WWI
2
Q
Businesses
A
Grew quicker than ever before
Company profits
Business people prepared to take risks
Value of stocks and shares up
3
Q
Production
A
Increased + prices decreased
Ordinary people bought more households than before (fridges, cars)
4
Q
Families
A
Bought houses in suburbs of rapid growing cities
More leisure since more money (cinema, sport)
5
Q
Banks
A
Had money to spare
Invested in the stick market and lend it to ordinary Americans to do so
6
Q
Built
A
More homes supplied with electricity and phone lines
More building s being done - confidence of the time (skyscrapers)
7
Q
Ended
A
It all came crashing down with a bang in 1929
