Mnemonic Learning VIThe Boom of the 1920s<br />What factors that led to the Boom in America?<br />
SUCCESS<br />S - Speculation<br />U - Upsurge in wages<br />C - Consumer Goods<br />C - Car production line<br />E - Entertainment<br />S - Sales<br />S - Skyscrapers<br />
S – Speculation<br />Wall Street boomed with many people buying shares to make a profit (speculation). Many new businesses were 'floated' on the stock market.<br />U – Upsurge in wages<br /><ul><li>As new businesses were doing well they could pay their workers well – this led to the cycle of prosperity.</li></li></ul><li>C – Consumer goods<br />New goods such as fridges, washing machines, dishwashers, vacuum cleaners, record players.<br />American people were keen to buy the latest gadget to keep up with the neighbours.<br />C – Car production line<br /><ul><li>Taken up by Ford and others the production line allow goods to be produced quickly and cheaply. This meant that businesses thrived.</li></li></ul><li>E – Entertainments<br />With more money and leisure time Hollywood, Charlie Chaplin, the ‘talkies’ and cinemas, sports, jazz clubs and speakeasies all became very popular.<br />S - Sales<br /><ul><li>Sale of the new goods meant that there was a growth of personal possessions (c.f. Woolworths, hire purchase, commercial travellers). This helped the cycle of prosperity to turn.</li></li></ul><li>S - Skyscapers<br />With the country doing well skyscrapers, highways and urban development was a symbol of the boom.<br />Remember –<br />SUCCESS<br />Reasons for the Boom in America in the 1920s<br />
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