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US Economic Growth (Advertisement (Hearing it on the radio, Billboards,…
US Economic Growth
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Use of Credit
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Ordinary people without the money to buy something, were still buying products.
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Thoughts of Americans
for many years it was a main aim in life to have a nice house, a good job and plenty of food.
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WW1
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Europe imported far less food from the USA ,partly because they were poor.
After election
In October 1929, the Wall Street stock market crashed the the American economy collapsed
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Speculations
is a form of gambling
around 600,000 new investors were speculators
they borrow some money to buy some shares, then sell them again as soon as the price has risen.
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Immigration
Negative
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Red scare: Russia was the first communist country and Americans were scared that these ideas would spread. Red is the color of communism. 1922-1991
Immigration quota
Some people of a country would have better chances at entering the country and finding a decent job.
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