USA HISTORY

Detailed explanation-1: -Newly developed innovations like radios, phonographs, vacuum cleaners, washing machines, and refrigerators emerged on the market during this period. These new items were expensive, but consumer-purchasing innovations like store credit and installment plans made them available to a larger segment of the population.

Detailed explanation-2: -The 1920s was a decade of increasing conveniences for the middle class. New products made household chores easier and led to more leisure time. Products previously too expensive became affordable. New forms of financing allowed every family to spend beyond their current means.

Detailed explanation-3: -Despite agricultural overproduction and successive attempts in Congress to provide relief, the agricultural economy of the 1920s experienced an ongoing depression. Large surpluses were accompanied by falling prices at a time when American farmers were burdened by heavy debt.

Detailed explanation-4: -Wages did not increase as quickly as company profits, especially in the construction industry where there was only a 4 per cent increase in pay during the decade. 12 million Americans were below the poverty line . Hardest hit were immigrants and black Americans.