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What were the causes of the economic boom
PAT GOT CASH
Population increase
Abundant raw materials
Tariffs
Government relaxed regulations
Opportunities for new tech
Techniques
Cycle of prosperity
Advertisement
Sales methods
Hire purchase
What were tariffs
Taxes put on all imported goods
Why were tariffs improtant
Overseas goods were more expensive → Americans were more inclined to buy goods from American companies
What was the tariffs act called
The fordney mccumber tariff act
When was the tariff act brought in
1922
who brought in the tariff act
President Warren Harding (1921-1923)
What government attitudes relaxed regulations
Laissez faire
What did laissez faire do for businesses
Lowered tax and gov envolvment → business had more money to spend investing in their products
What raw materials did America have lots of
coal
Oil
Wood
Iron
What new tech was made popular in the 1920s
washing machine
Hoover
Cars
Radios
Televisions
What was the main new production technique used in the 1920s
Assembly lines
Who popularised the use of the assembly line
Thomas ford
What model car did ford popularise
Model T
How many cars could ford make using assembly lines
1 every 10 seconds
What was the cycle of prosperity
increased production
More workers → higher wages
More spending
More sales
What types of advertisement became popular in the 1920s
billboards
Commercials
Radio
Why were bilboards popular
increased use and popularity of cars → more roads being built → more people used the roads → more people would see the billboards
Why did radio and radio advertisement become more popular
By 1929 40% of the population (50 million) had a radio
Escapism after ww1 (America joined 1917-1918)
Increased use of hire purchase → more people could buy a radio
Mass production of goods meant expensive things became cheaper → more people could buy a radio
Why was cinema and cinema advertisement increasing in popularity
1927 the first talkie → this was new and exiting
1927 60 million Americans went to the cinema
1929 110 million Americans went to the cinema
Sex symbols featured in these movies
Escapism after ww1 (America joined 1917-1918)
Tickets were cheap
Who were the sex symbols of the 1920s
Clara bow
Rhudolph Valentino
Why were sex symbols important in the popularisation of cinema
people idolised them
They became fashion icons
People wanted to be like them
What was a catalogue
A book of items sent to those in rural areas making it easier for them to buy
Why were catalogues popular
Some didn’t have acces to shops in the city (those in rural America, Bible Belt area)
Why was hire purchase popular
It meant that those on lower income could purchase the same luxury’s that the upper class could
What was hire purchase
Paying a fraction of the price upfront and the rest later in monthly or weekly instalments
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