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10 Cards in this Set
- Front
- Back
What 8 things caused the EB? |
Tariffs, Trusts, Government Policies, Improved transport systems, WW1, Confidence, Laissez-Faire, Production Line |
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Why did Tariffs cause the EB? |
Protected businesses against foreign competition so US companies grew |
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Who was the Secretary of Treasury and what did he believe? |
Andrew Melon, that the government should not influence the economy |
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How did Government Policies help big businesses? |
Cut taxes and encouraged investment |
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How did confidence cause the EB? |
More investment and industry expansion |
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How did USA's late entry in WW1 help the economy? |
Lost less men, no ruined territory, could sell weapons to both sides, no rivals |
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How did WW1 help them gain money off other countries? |
America could give loans and produce to Germany and Britain |
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What was Laissez Faire? |
Government had little interference with business |
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How did Laissez Faire help businesses? |
It caused them to expand rapidly |
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How did the Production Line cause the EB? |
Meant there was high employment and US became self-sufficient |