1919-1941
, Kieron Mansur .
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economic boom .
7£ FOCUS POINTS
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aartkaftthheeeecannammyyr.bg -
on what factors is the economic
•
referred to as the dynamic growth of the American economy boom based
during the decade after WW1
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why did some industries
prosper
1926 , American living standards higher than before while others did not
•
In were ever
°
American businesses were faster than before due to why did agriculture not share
growing ever
-
in
the production methods These became accessible the
new -
goods more
prosperity
to everyone .
Did all Americans benefit from
the boom
companies profits and confidence
.
was
•
rising
banks lent to Americans and invested it the stock exchange
•
in
money .
°
More homes were supplied with electricity and built higher than ever before ( wealth)
skyscrapers were
FAE FARS OF BBQ Mm
I .
Industrial strength
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rich in resources
1923 )
growing population ( 123
million by and most lived in towns and cities They
-
. were
working in
industry and commerce .
These people became an important market for the USA 's new industries .
most companies had need to export outside the USA had all US Itself
they the resources the
-
no as in .
American have
growing vigorously by the
-
ever since 1860's and 1870 's ,
industries been .
time of WW1 ,
the led the world of ( massive oil
USA in most areas
industry steal t coat t textile j leading producers )
-
developing new technology ( motorcars t
telephones t electric lighting)
-
American agriculture became the most efficient and produced in the world .
2 . WW1
Americans tried to out of the war
stay
-
-
lent
money to allies , sold arms and munitions to Britain and France
-
sold food ,
clothes and many more to Europe
way trade boosted
American
industry ; America took over Europe 's trade around the
-
one
world
American exports to the areas controlled by European colonial powers increased during the
-
war
-
manufactured explosives during the war , stimulating the
range of products which became
Iii :::'t'tein::i:c improved
t.tn:177
'
during war
-
.in .
, 3 .
republican policies
* HAH $8 HAMRE
believed should interfere with
everyday life of American people
government Not
-
-
believed the
government should leave businessmen alone and this is how
prosperity came about;
Hoovers '
rugged individualism !
They admired strong Americans and their ability to solve their problems
-
own .
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made imports more expensive to buy foreign goods
-
'
Harding
'
-
in 1922 ,
introduced the Ford ney Mccumber Torri Fs which made imports much more
the USA
expensive in .
.
Tarr Ifs helped to protect businesses against foreign firms , helping American firms to
grow faster
-
.
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republicans kept taxation as low as possible
-
increased disposable income to spend
Wealthy people would reinvest their industries
money
-
.
-
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Trust were huge Corporation that dominated the industry -
democrats thought against
them believed that for
as
they it was unhealthy monopoly power .
'
wanted believed the captains
republicans allowed trusts to do whatever they they
-
as
of industry knew what was '
good for the USA .
4 new industries ,
new methods .
-
Throughout the 1420 's ,
new industries and new methods were being developed in the
USA ,
allowing the country to exploit it 's vast resources of raw material to produce steel ,
chemicals , glass and machinery .
Mass produced became cheap that most Americans were able to afford them
-
cars so .
The produced increased the demand for steel , and
enormous Increase in cars , glass
rubber , so these industries boomed
by the 1920 's most homes had electricity and nearly 701 of all Americans had electric
-
,
.
lights Factories were increasingly run by electricity
.
,
the amount of electricity consumed
in the 1920 'S doubled . This led to boom in
many consumer goods such as
fridges ;
machines ; radios
vacuum cleaners ;
washing .
These could be produced cheaply
new methods meant huge amounts of goods so
-
more people could afford them .
-
Things that used to be luxuries were now made cheaper by new inventions and
mass production ( silk stockings )