Causes of the Boom
- Created by: screechfox
- Created on: 27-03-17 09:54
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- Republican Policies
- Isolationism
- Tariffs
- Emergency Tariff Act
- May 1921
- Fordney-McCumber Tariff
- 1922
- Tax on foreign goods
- European countries set retaliatory tariffs on US goods
- Usually around 40%, but sometimes up to 400%
- Emergency Tariff Act
- Immigration
- Literacy Test
- 1917
- The Emergency Quota Act
- 357,000 Immigrants per Year
- 3% of existing population in US in 1910
- 1921
- National Origins Act
- 150,000 Immigrants per Year
- 2% of existing population in US in 1890
- Restricted Asian and East Europeans
- 1924
- Literacy Test
- Tariffs
- Laissez-Faire
- Government didn't interfere with businesses
- Lowered Taxes
- CAUSES OF THE BOOM - LACKPANTS
- WW1
- Had joined WW1 in 1917
- Made money selling goods to other countries + loaning them money
- New Developments
- Assembly Line Production
- Advertising
- Hire Purchase
- Consumerism State of Mind
- Share Confidence
- Buying on Margin - Paying 10% Only
- Share Confidence
- WW1
- Isolationism
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