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Discuss The Causes Of America's Economic Boom

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Subsequent to the First World War, America encountered a great economic boom. In one year, America’s GDP $25 billion, number of passengers on airlines grew, households with a radio increased in millions, etc. Many different factors contributed to result in this economic boom. Many people saw the boom as beneficial, however not everyone was affected positively. One significant cause of the economic boom was that America was rich in raw materials such as oil and coal. They therefore did not have to spend money on importing materials and they were cheaper for them. Also, production increased, which meant more job opportunities. As a result, there were more workers who could build roads, work in factories. They also had a lot of money to invest

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