{"id":476,"date":"2017-07-14T10:24:50","date_gmt":"2017-07-14T10:24:50","guid":{"rendered":"http:\/\/schoolshistory.org.uk\/topics\/?page_id=476"},"modified":"2025-10-17T10:58:44","modified_gmt":"2025-10-17T10:58:44","slug":"economic-boom-in-the-1920s-causes","status":"publish","type":"page","link":"https:\/\/schoolshistory.org.uk\/topics\/world-history\/america-c1920-1941\/economic-boom-in-the-1920s-causes\/","title":{"rendered":"Economic Boom in the 1920’s: Causes"},"content":{"rendered":"

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. Factory production had risen sharply to meet the needs of the war. America had been able to capture markets that used to buy from Europe. Once the war was over these countries continued to buy American goods.<\/strong><\/p>\n

The Republican governments of Presidents Harding, Coolidge and Hoover, tried to help American businesses by increasing taxes on foreign goods coming into the USA. This was achieved by passing a new law called the Fordney – McCumber Tarriff Act in 1922. These new import taxes were called ‘Tariffs’ and made goods that were made outside of the USA more expensive to buy. This in turn encouraged Americans to buy goods made in the USA. This led to a Boom or an increase in the amount of goods being made and sold by American businesses.<\/p>\n

Economic Boom in the 20’s, from Youtube.<\/h3>\n