ESSAY ECONOMIC BOOM Flashcards
1
Q
INTRO
A
- description of boom
- summary of republican policies
- other causes mentioned in essay
2
Q
Definition of Boom
A
- economic boom in USA in 1920s
- increase in consumption of consumer goods, industries grew, mass production and new goods made
- “business of america is business”
3
Q
Other causes mentioned in my essay
A
- effects ww1
- new methods and industries
- easy credit
4
Q
PARAGRAPH 1 (good things)
A
- trusts (= magnates grow and become rich) (i.e. Rockefeller’s)
- Rugged Individualism
- Laissez-faire
- Fordney McCumber (= protectionism= buy USA)
- Reduced Taxes (= increase expendable income= more jobs)
5
Q
PARAGRAPH 1 (bad things)
A
- tariffs against US goods
- bad treatment of workers
6
Q
PARAGRAPH 2
A
- made money
- took over colonial markets
- raw materials= not dependant on imports
- competitors weak
- money from war invested in industry
- development of new industries (i.e. airplanes, synthetic materials)
7
Q
PARAGRAPH 3
A
- new tech= more goods (-> mass production)
- assembly line (i.e., Ford)
- more jobs-> more money
- textiles (growing industries, more materials for more & better goods)
8
Q
PARAGRAPH 4
A
- expendable income= spent on new goods (i.e., fridges, radios)
- more jobs
- more spending overall
- mail order companies
- effects of advertisement
9
Q
CONCLUSION
A
- name causes mentioned in essay
- Of all causes, … was the most significant because …
