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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installment buying and an unregulated stock market
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expansion of civil rights
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mobilization
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restriction on big business
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Detailed explanation-1: -Marjorie Phillippi. During the late 1920s, the stock market in the United States boomed. Millions of Americans began to purchase stock, causing the market to dramatically increase in value. Unfortunately for the economy, so many Americans invested money in the stock market that stocks became inflated in price.
Detailed explanation-2: -A wave of stock swindles and business frauds took place during the 1920s. But the most striking manifestation of the decade’s speculative frenzy was the stock market boom of 1928 and 1929. After rising steadily during the 1920s, stock prices began to soar in March 1928.
Detailed explanation-3: -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.