To What Extent Was the Economic Boom in the 1920s Usa Caused by Republican Policies?

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After the First World War, the United States of America had an economic boom which led to an age of prosperity for most American citizens, with no precedents in history. This boom was caused by various and independent factors such as: the industrial growth America had experienced and the impact the First World War had on America. The policies of the Republican Party were perhaps the most influential in solidifying the growth of American economy. The Republicans started applying pro-business policies on the basis that they wanted to spread the feeling of economic growth and prosperity. Mostly what they did was lower taxes on income and company profits; this gave the wealthy more money to invest in American buildings and industry, thus Americans had more money to spend on the commodities that were being produced and it further allowed for a growth of American business’ and monopolies. Additionally, they started putting taxes on imported goods which promoted the purchase of national made items, hence helping American producers. This measure also had a negative side as it had a high risk of deteriorating international trading between the United States and other European and South American countries. Moreover, they did not interfere with people's businesses due to their ‘Lassez Faire’ policy, neither had they put any restrictions on financial institutions and banks which gave them more freedom and money to spend and therefore have a greater profit. However this pro-business agenda that the Republicans had proposed, wasn’t beneficiary to all American people. It saw that places with low state of business and affairs such as this, mostly rural (farmers, etc…), wouldn’t feel the effect of the boom. Farmers, for example, were forced to buy all the manufactured goods they needed for survival on a market protected by tariff legislation. This meant that the prices were
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