A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Why was there an economic boom in America in the 1920s?

Best Answers

These new import taxes were called 'Tariffs' and made goods that were made outside of the USA more expensive to buy. This in turn encouraged Americans to buy goods made in the USA. This led to a Boom or an increase in the amount of goods being made and sold by American businesses. read more

The economy grew even faster when the war ended. The keys to America's economic boom were technological progress and increased consumer demand. Businesses began to make huge profits. Industrial production virtually doubled in the 1920s. Between 1919 and 1920: America's gross national product (GNP) grew from $78 billion to $103 billion. read more

There were several new industries and new ideas that helped create the boom in America in the 1920s. During the war governments had trained people in making propoganda. After the war they used these skills to create adverts that persuaded people to buy new products. read more

Economic Boom in the 1920’s: Causes Causes of the Economic Boom in America in the 1920’s The period from 1920-29 is often called the ‘Roaring Twenties’ because it was a time of noise, lively action and economic prosperity. read more

Related Types

Image Answers

Further Research