Why was there an economic boom?

WW1

Resources

Republican Politicians

Advertising

Machines & Technology

Confidence

Credit

Drove consumerism, need was replaced by want

Mass-Production and conveyor belts

Electricity led to automation

Wood, iron, land, coal, oil

One could now make purchases without actually paying money at the time

To buy more stocks, invest more, take bold actions

laissez-faire, more conservative, ideal for this kind of situation

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Rugged Individualism

tarrifs

low taxes

conservative

Isolationsim

Only american goods

low imports

high exports

LOTS OF MONEYS!

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Republicans believed the government should interfere as little as possible in the everyday lives of the people. This attitude was called laissez-faire. IN their view, the job of the president was to leave the businessman alone-to do his job. That was where prosperity came from

The Republicans believed in import TARRIFS which made it expensive to import foreign goods. For example, in 1922 Harding introduced the Firdney-McCumber tarrif which made it expensive to imported food goods in the USA