USA HISTORY

Detailed explanation-1: -The 1920s is the decade when America’s economy grew 42%. 1 Mass production spread new consumer goods into every household. The modern auto and airline industries were born. The U.S. victory in World War I gave the country its first experience of being a global power.

Detailed explanation-2: -Many people invested in the stock market in the 1920s because it was easier to do so than ever before. They could now buy ‘on margin, ’ or on credit, so people were able to purchase stocks that they would normally not have been able to buy if they had had to pay cash for them.

Detailed explanation-3: -In the 1920s, millions of Americans invested their savings or placed their money, in the rising stock market. The soaring market made many investors wealthy in a short period of time. Farmers, however, faced difficult times. The war had created a large demand for American crops.

Detailed explanation-4: -The main reasons for America’s economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of America, new mass marketing techniques, the availability of cheap credit and increased employment which, in turn, created a huge amount of consumers.