Causes of the boom Flashcards Preview

History the Roaring 20s > Causes of the boom > Flashcards

Flashcards in Causes of the boom Deck (11):
1

What is the boom?

An economic state of growth with rising profits and full employment

2

Name 4 types of things that boomed in the 1920's?

1) Automobiles
2) Stock Market
3) Entertainment
4) Consumer goods

3

What specifically in entertainment did Boom?

Hollywood, Cinemas, Jazz clubs and speakeasies

4

What specifically in consumer goods did boom?

Fridges, radios, telephones and washing machines

5

What was the cycle of prosperity?

More sales=More production=More wages=More spending

6

What were the 4 republican economic policies?

1) Low taxation
2) Tariffs
3) Laisez-faire
4) trusts

7

What is low taxation?

Republicans believed that people should be able to keep money then spend it on American goods

8

What are tariffs?

Putting taxes on exported goods

9

What is Laisez-faire?

Means to leave alone business men and let them get on with making money

10

What are trusts?

Where super-coorpirations which dominated certain industries

11

During ww1 how did USA make a lot of money?

Through loans to Europe by selling weapons and exporting foods to European countries