1. TO WHAT EXTENT WERE THE 1920S A TIME OF ECONOMIC BOOM IN THE
... the rest of the world). Mass production could only work if there was a mass market for the goods produced. It was necessary, therefore, to encourage people to buy the new products, which become available. As a result, there was a huge increase in advertising (in 1914, for example, $250 million ... worse by new, improved farming techniques and better farm machinery. The republican governments were more interested in business than agriculture and did almost nothing to help farmers. . Some industries, once prosperous, were overtaken by new rivals. For example, many coal mines were closed do...
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