USA HISTORY

Detailed explanation-1: -The Roaring Twenties was a period in American history of dramatic social, economic and political change. For the first time, more Americans lived in cities than on farms. The nation’s total wealth more than doubled between 1920 and 1929, and gross national product (GNP) expanded by 40 percent from 1922 to 1929.

Detailed explanation-2: -The 1920s, known as the Roaring Twenties, was a time of many changes-sweeping economic, political, and social changes. There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression-the stock market crash of 1929.

Detailed explanation-3: -Have you ever heard the phrase “the roaring twenties?” Also known as the Jazz Age, the decade of the 1920s featured economic prosperity and carefree living for many.

Detailed explanation-4: -The decade often is referred to as the “Roaring Twenties” due to the supposedly new and less-inhibited lifestyle that many people embraced in this period.

Detailed explanation-5: -Real GNP growth during the 1920s was relatively rapid, 4.2 percent a year from 1920 to 1929 according to the most widely used estimates. (Historical Statistics of the United States, or HSUS, 1976) Real GNP per capita grew 2.7 percent per year between 1920 and 1929.