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4 Cards in this Set
- Front
- Back
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What caused the US economy to boom?
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Raw materials: Coal, Iron, oil
New industries: electrical goods Government policies: laissez faire(government doesn't interfere with public affairs) Hire purchase: buy now pay later |
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What role did Henry Ford play in the boom?
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ASSEMBLY LINE
production became cheaper production increased(more being made) more people starting to buy and were able to afford new things |
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Which industries prospered during the 1920s?
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motor industry
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What industries did not prosper during the 1920s?
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coal mining- use of electricity ad oil for heating increased
Textiles-new artificial fibres(nylon and rayon) farming-over production from the first WW, there was too much produce for them to sell, and people wern't able to buy |
