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The American economic boom of the 1920s was driven by laissez-faire policies of Republican presidents, which encouraged business growth through reduced taxes and protectionist measures like the Fordney-McCumber Tariff Act. The automobile industry exemplified mass production techniques, significantly lowering car prices and stimulating related industries, while consumer confidence surged due to new technologies and credit systems like hire purchase. Additionally, the economic impact of World War I, which shi

Author

jubilee0904

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EN