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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The economy was weak because people were saving all their money instead of buying goods
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There was a large amount of consumer debt during the 1920s.
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Americans used up many vital resources such as oil and water during the 1920s
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There were no negative impacts of American consumerism
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Detailed explanation-1: -Consumerism was a culture that dominated the 1920s. It resulted in people buying things they didn’t need and taking on debt they couldn’t afford, which ultimately led to the stock market crash.
Detailed explanation-2: -The prosperity of the 1920s led to new patterns of consumption, or purchasing consumer goods like radios, cars, vacuums, beauty products or clothing. The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average Americans.
Detailed explanation-3: -Consumerism in the 1920s Consumerism came into its own throughout the 1920s as a result of mass production, new products on the market, and improved advertising techniques. With more leisure time available and money to spend, Americans were eager to own the latest items.
Detailed explanation-4: -Overproduction and underconsumption were affecting most sectors of the economy. Old industries were in decline. Farm income fell from $22 billion in 1919 to $13 billion in 1929. Farmers’ debts increased to $2 billion.