THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A record number of Americans were inspired to buy other labor-saving devices
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Millions of workers took jobs making steel, rubber, and glass for car parts
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A record number of Americans spent billions of dollars on life insurance.
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Millions of workers asked for raises to pay off their car loans.
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Detailed explanation-1: -The growth of the automobile industry caused an economic revolution across the United States. Dozens of spin-off industries blossomed. Of course the demand for vulcanized rubber skyrocketed. Road construction created thousands of new jobs, as state and local governments began funding highway design.
Detailed explanation-2: -The rapid expansion of the automobile industry created jobs throughout the country and played a large role in sustaining the economic prosperity of the 1920s. In 1929, at the peak of the decade’s economic boom, there were more than 330, 000 people employed at automobile dealerships in the country.
Detailed explanation-3: -The auto industry’s importance to the US economy is undisputed. From providing employment to millions of people to being a major driver of the economy’s manufacturing sector, car ownership has not only shaped the economy, but has long been a centerpiece of the American way of life.
Detailed explanation-4: -Recognized as a core sector, the auto industry contributes 49 percent to India’s manufacturing GDP, 7.5 percent to the GDP at large, and is responsible for 32 million jobs. The automobile industry in India accounts for 12 percent of the Gross Value Added (GVA) in the manufacturing sector.