Sunday, March 6, 2011

Economic Boom

I mostly agree with that statement because three of the five reasons of the economic boom were directly related to the motor industry. The other two are indirectly related.Republican policies were proven right because of the production and growth of many industries, including the automobile industry. The US was producing more than all the countries in the world combined. Republican policies can relate to industrial strengths because many other industries grew because of the automobile industry, like gas, petroleum, leather, glass, steel production, etc. Because of the growth in this industry, new methods were created for ease and simplicity for making automobiles. Credit was established so that more people could buy cars or other products without having to pay upfront. However, with credit came interest, and the responsibility and ability to pay off things in the future.

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