JOSH WEST 11HR 11/12/11
- 1920s KNOWN AS BOOM YEARS
- BOOM IS DEFINED AS A PERIOD OF RAPID SIGNIFICANT ECONOMIC
GROWTH WHICH IS PROBABLY UNSISTAINABLE
1: - ECONOMIC BENEFITS OF WW1 TO USA
- USA DEVELLOPED INDUSTRY BY
- SELLING ARMS TO COUNTRIES PARTICIPATING IN THE WAR:
- SELLING TO COUNTRIES NOT ABLE TO TRADE WITH GB/FR/GER
- US AGGRICULTURE DEVELLOPED PRODUCTION METHODS TO INCREASE FOOD TO SELL:
- EXTENSIVE FARMING
- MECHANISATION
- US RIVALS DAMAGED BY:
- DIRECT WAR DAMAGE
- IN DEBT TO USA AND OTHERS
- LOST TRAINING MARKETS
- LOST A GENERATION OF WORKERS
2: - REPUBLICAN GOVERNMENT 1921-33
- 1921-3 PRESIDENT WARREN HARDING
- 1923-9 PRESIDENT CALVIN COLLIDGE
- 1929-33 PRESIDENT HERBERT HOOVER
- POLICIES
- DOMESTIC CONCENTRATION – AVOID FOREIGN AFFAIRS