Limitations of the boom 1920-1929 (T1) Flashcards Preview

History - USA > Limitations of the boom 1920-1929 (T1) > Flashcards

Flashcards in Limitations of the boom 1920-1929 (T1) Deck (2)
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1
Q

Why was there a drop in demand?

A
  • Less animal feed needed due to machinery (tractors)
  • Lower demand for grain + higher demand for meat therefore less grain bought
  • Synthetic fibres –> less cotton needed
2
Q

How did the Fordney-McCumber tariff affect the boom?

A
  • 50% tax on all imports/exports means it’s too expensive to sell products abroad