Flashcards in Causes of the boom Deck (11):
What is the boom?
An economic state of growth with rising profits and full employment
Name 4 types of things that boomed in the 1920's?
2) Stock Market
4) Consumer goods
What specifically in entertainment did Boom?
Hollywood, Cinemas, Jazz clubs and speakeasies
What specifically in consumer goods did boom?
Fridges, radios, telephones and washing machines
What was the cycle of prosperity?
More sales=More production=More wages=More spending
What were the 4 republican economic policies?
1) Low taxation
What is low taxation?
Republicans believed that people should be able to keep money then spend it on American goods
What are tariffs?
Putting taxes on exported goods
What is Laisez-faire?
Means to leave alone business men and let them get on with making money
What are trusts?
Where super-coorpirations which dominated certain industries