Please enable JavaScript.
Coggle requires JavaScript to display documents.
1920 Economic boom (1.5) (WW1 (USA's "2nd industrial…
1920 Economic boom (1.5)
Problems from the boom
-
-
Republican policy remained not to interfere, and this included doing nothing abt unemployment and poverty
Economic boom
Industrial Strength
-
-
-
-
-
-
-
massive steel, coal, textile industries
-
-
-
-
-
-
1914, American was confident that is was going from strength to strength
-
State of mind
-
-
New goods/items, prosperity should be enjoyed
WW1
-
America lent money to the allies, sold arms and munitions to Britain and France
-
-
By the end of war, USA had far outstripped Germany in the supply of chemical products
Explosives manufacture, plastic and other became America industries
-
Republican Policies
-
-
-
Low taxation
brought some benefits to ordinary working ppl, but even more to wealthy.
if ppl kept their money, they would spend it on American goods and wealthy ppl would reinvest in industries
-
New industries, new methods
Motor-car industry
-
First made by blacksmiths, took a long time and were very expensive
-
-
-
-
-
-
-
USA was able to exploit its vast resources of raw materials to produce steel, chemicals, glass &machinery
Advertisment
-
Many advertisers had learned skills from wartime propaganda now set up agencies to sell cars, cigarettes, clothing
Poster, radio advertisements & travelling salesmen
-
-