Zusammenfassung der Ressource
Causes of the Boom in 1920s America
- Confidence
- Confidence to buy goods was sky high
- More risks were taken which generally paid off
- Credit
- Everybody could buy items on hire purchase
- Amount of product consumers was at its highest
- Impacts of the First World War
- USA was on great terms with European powers like the UK and France
- Europeans imported American Products
- France and UK owed America war loans after the giant helped the Entente to a victory
- USA became isolationist-meaning it would only focus on internal affairs
- Mass Marketing
- All products were advertised on a mass market
- This meant that all products were appealing to all Americans
- Republican Policies
- Laissez-Faire attitude-the government wouldn't get involved in any business which boosted confidence and general business
- Importation tariffs into America were high
- Technological change
- Advancements in technology resulted in the creation of innovative products like the fridge, and also the assembly line
- Assembly line=mass production of products like the Ford Model T
- More supply=less demand=lower prices=more purchases
- Better products=more buys
- Resources
- America was filled with natural resources like oil and coal
- They didn't have to import these
expensive resources