Causes of economic prosperity in the 1920s

Zuzia
Mind Map by , created over 5 years ago

A2 History Revision of key reasons for the economic prosperity the USA experienced in the 1920s.

21
1
0
Tags
Zuzia
Created by Zuzia over 5 years ago
The Rise of the Nazis
shann.w
A2 Geography- Energy Security
sophielee0909
Cold War Timeline
jacksearle
GRE Verbal Reasoning Vocabulary Flashcards 3
Sarah Egan
Basic Korean Verbs
ASHISH AWALGAONKAR
Random German A-level Vocab
Libby Shaw
The Weimar Republic, 1919-1929
shann.w
Sociology: Crime and Deviance Flash cards
Beth Morley
Globalisation Case Studies
annie
Biology Unit 4: Respiration and Photosynthesis
Charlotte Lloyd
Causes of economic prosperity in the 1920s
1 INHERITED FACTORS
1.1 World War One
1.1.1 supplied the Allies with food and munitions
1.1.1.1 took over markets previously saturated by exports from other countries
1.1.2 became a creditor nation
1.1.3 first industrial revolution
1.1.4 good healthy workforce
1.2 technological innovations
1.2.1 electricity
1.2.1.1 new forms of advertising
1.2.1.1.1 radio
1.2.1.1.2 products more available to the mass market
1.2.1.1.3 cinema
1.2.1.2 cut costs of manufacture
1.2.1.3 allowed for longer working hours
1.2.1.4 electrical goods
1.2.2 Henry Ford
1.2.2.1 mass production
1.2.2.1.1 assembly line
1.2.2.2 scientific management
1.2.2.2.1 interchangeable parts manufacture
1.2.2.2.2 stimulated growth in other industries
1.2.2.3 Model T
1.2.2.4 large profits
1.2.2.4.1 monopoly
2 REPUBLICAN GOVERNMENT POLICY
2.1 minimal government
2.1.1 laissez faire attitude
2.1.2 rugged individualism
2.2 low taxation for the rich
2.2.1 increased marginal propensity to consume
2.2.1.1 more spending power for upper and middle classes
2.3 high tariffs on foreign imported goods
2.3.1 protectionism
2.3.2 guaranteed high sales of home goods
2.3.2.1 but prompted retalliation from other nations
2.4 Highway Act
3 SUPPLY-SIDE FACTORS
3.1 marketting and the media
3.1.1 mass consumption
3.1.2 Americans owned 10 million radios by 1929
3.2 entrepeneurial flair
3.3 increased production
4 DEMAND-SIDE FACTORS
4.1 growing number of department stores
4.2 hire-purchase schemes
4.2.1 cheap credit
4.2.1.1 multiplier effect
4.2.1.1.1 first mass consumer society
4.2.2 billboard adveritsing
4.3 opportunity to invest in the stock market
4.3.1 shares bought 'on the margin'
4.4 consumer confidence
4.4.1 spirit of optimism
4.4.2 belief that economic progress was unstoppable
4.4.3 greatly increased demand

Media attachments