Causes of the Boom in 1920s America

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

Resumo de Recurso

	Criado por Guy Phillips quase 10 anos atrás