How did the banking industry support the economic boom during the 1920s?
- larry1Lv 68 months ago
By supplying huge amounts of loose credit to the public to buy stuff. The credit was 'loose' because it was passed out to just about anybody and with no regulations. Most of the credit was bad (the people could never pay it back) and this caused the 'Crash of 1929' and the Depression of the 1930's.
- Anonymous8 months ago
if that is a question from your school they are trying to trick you into thinking bankers - Rothschild Central Bankers - support people
- 8 months ago
The First World War Created A Economic Boom, Which Spread Into The 20s, Then Europe Created Millions Of Slaves, To Work On The Fake Defences, Which Created Huge Exports For The US,As Well As The East Indies US Colonisation. I Think I Am Not Well Up On These Matters,
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- zenoLv 78 months ago
It was to economic policies of Calvin Coolidge
Repealing communist progressive economic
Policies that caused the economy boom. Banks
Just did business as usual until democrats working in the federal reserve pulled most
Of our currency out of the market leaving
Banks with no currency to do business. That
Caused the stock market crash. It was not
Caused by capitalism or republicans. It was
Caused by totalitarians who infiltrated our
Government just like the same type people
Occupy the Washington corrupt swamp.
Trump is trying to drain and get them out
Of there so the market will continue to do
Very well. In summery never vote for totalitarian
Democrats or RINO's who want open boarders
And government expanded and taxes increased
And regulations increased and everyone put
In poverty while offering free everything to
Win elections. These are just lying dirt bags
Who only cause problems.
- 8 months ago
The causes of the Economic Boom of the 1920s were the Republican government's policies of Isolationism and Protectionism, the Mellon Plan, the Assembly line and the mass production of consumer goods such as the Ford Model T Automobile and luxury labor saving devices and access to easy credit on installment plans.
The 1920s is the decade when America's economy grew 42 percent. Mass production spread new consumer goods into every household. The modern auto and airline industries were born. The U.S. victory in World War I gave the country its first experience of being a global power.
Prosperity had ended. The economic boom and the Jazz Age were over, and America began the period called the Great Depression. The 1920s represented an era of change and growth. The decade was one of learning and exploration.
The period from 1920-29 is often called the 'Roaring Twenties' because it was a time of noise, lively action and economic prosperity. The First World War had been good for American business. ... This led to a Boom or an increase in the amount of goods being made and sold by American businesses.