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12 Cards in this Set
- Front
- Back
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mass production
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enabled American workers to produce more goods in less time.
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Henry Ford
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car maker who helped produce more cars by using the assembly -line
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assembly line
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mass production where cars were made quicker and were more affordable so ecomony grew
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cosumer revolution
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the availability of new affordable goods available to the public
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installment buying
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the abliity for consumers to buy goods on a payment plan
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bull markert
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peolpe bagan buying on margin which meant that people could buy stock with only 10% up front
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economic boom
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the cities grew with more work and people began driving to the suburbs
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Harding
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believed in neutrality, conservative approach
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Coolidge
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believed in big business. He was concerned in buying, selling and investing, laissez-faire capitalism
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laissez Faire
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capitalism with a free markert business system.
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deregulation
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removing the laws to allow businesses to act freely.
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What led to the great depression?
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deregulation- people were spending money they did not have
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