How did the banking industry support the economic boom during the 1920s?

us history

6 Answers

  • larry1
    Lv 6
    2 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. 

    • Log in to reply to the answers
  • Anonymous
    2 months ago

    if that is a question from your school they are trying to trick you into thinking bankers - Rothschild Central Bankers - support people 

    they don't 

    • Log in to reply to the answers
  • 2 months ago

    It didn't WW1decimated Europe  many people died In the war and after with the Spanish flu there was  a huge shortage and it was like looting a battle field Germany had hyper inflation Europe was in deep depression the USA was looking after itself and isolated from world misery and it made hay while the sun shone films and Hollywood was hypnotic to a miserable word British stars Charlie Chaplain Stan laurel cary grant it was fun time and a party .It all fell down in 1929 and the USAcaught up with the worlds misery and suffered the great depression it was all based on a false status.its there10 years of misery on a broken dream it was never a solid base 

    • Log in to reply to the answers
  • 2 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,

    • Log in to reply to the answers
  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • zeno
    Lv 6
    2 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.

    • Log in to reply to the answers
  • 2 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.

    • Log in to reply to the answers
Still have questions? Get answers by asking now.