Final answer:
Republican laissez-faire policies, growth of monopolies, Bessemer process
Step-by-step explanation:
A positive influence on business growth in the 1920s was the implementation of Republican laissez-faire policies. These policies promoted minimal government intervention in the economy, allowing businesses to operate with fewer restrictions. With less regulation, businesses had greater freedom to expand and innovate, leading to overall growth.
Additionally, the growth of monopolies in the 1920s played a role in business growth. Monopolies, such as John D. Rockefeller's Standard Oil Company, allowed for consolidation and efficiency in certain industries, leading to increased economic productivity.
One technological advancement that contributed to business growth during this period was the Bessemer process. This process revolutionized the steel industry by making steel production faster and more cost-effective, fueling economic growth and the expansion of industries like construction and manufacturing.
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