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What 8 things caused the EB?

Tariffs, Trusts, Government Policies, Improved transport systems, WW1, Confidence, Laissez-Faire, Production Line

Why did Tariffs cause the EB?

Protected businesses against foreign competition so US companies grew

Who was the Secretary of Treasury and what did he believe?

Andrew Melon, that the government should not influence the economy

How did Government Policies help big businesses?

Cut taxes and encouraged investment

How did confidence cause the EB?

More investment and industry expansion

How did USA's late entry in WW1 help the economy?

Lost less men, no ruined territory, could sell weapons to both sides, no rivals

How did WW1 help them gain money off other countries?

America could give loans and produce to Germany and Britain

What was Laissez Faire?

Government had little interference with business

How did Laissez Faire help businesses?

It caused them to expand rapidly

How did the Production Line cause the EB?

Meant there was high employment and US became self-sufficient