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20-3

Postwar Issues and Business II

AB
Calvin Coolidgesaid:"the business of America is business"
Herbert Hooverbelieved in limited government interference in the economy
suburbsgrew as a result of the automobile
Detroitcenter of automobile manufacturing
radios, washing machines, vacuum cleanersall ran on electricity
psychologyused by advertisers to sell products in the 1920s
installment plana form of consumer borrowing
consumer debtrose to high levels in the 1920s
banksprovided loans at low interest rates
sick industriesRRs, farming, and mining


Whitman Hanson Regional High School

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