GDP refers to the total value of goods and services produced by a country in a year

some companies sell shares in order to raise money; people who own shares in a company receive part of the company’s profits

laissez-faire beliefs suggest that the government should not interfere with the economy

a tariff is a government tax on imports into a country

goods which people use for their own benefit, such as cars or clothes, are known as consumer goods

Causes of the 'boom'

History

This contextualises a study of the Great Depression

Pupils know that the USA was founded by European settlers

total value of goods and services produced by a country

where the government avoids interfering with the economy

allow owners to take a portion of a company's profits

a government tax on imports into a country

Match up the keywords with the correct definitions.

Which of the following goods was commonly produced on assembly lines?

Write the missing word. {{}} politicians in the USA were usually in favour of laissez-faire policies in the 1920s.

What name was also given to credit schemes?

unemployment rose and average wages fell during the 1920s

unemployment and average wages fell during the 1920s

unemployment fell and average wages rose during the 1920s

unemployment and average wages rose during the 1920s

What name is given to the process whereby changes in the US economy positively reinforced the effects of other changes?

Which word best describes someone who buys goods?

What type of economic activity is involved in industry?

Write the missing word. The Industrial {{}} began in Britain in the 18th century.

Which of the following countries was not initially involved in WWI?

they are the most powerful group in the Americas

they are the most populous group in the Americas

they were the original inhabitants of the Americas

Why can Native Americans be described as 'indigenous' to the Americas?

abolition of slavery in the British Empire

Starting with the earliest, sort the following events into chronological order.