USA HISTORY

Detailed explanation-1: -Which evidence showed that the prosperity of the 1920s was an illusion? Many people increased their debt. What was a principle reason for rapid economic growth in the United States during the 1920s? The development of many new consumer goods.

Detailed explanation-2: -For many groups of Americans, the prosperity of the 1920s was a cruel illusion. Even during the most prosperous years of the Roaring Twenties, most families lived below what contemporaries defined as the poverty line. In 1929, economists considered $2, 500 the income necessary to support a family.

Detailed explanation-3: -In the 1920s, sometimes referred to as “The Roaring Twenties, ” there was a false sense of prosperity on the part of Americans. Approximately 60% of the population lived at a poverty level (earning less than $2, 000 per year), yet credit was available, and people were using it.

Detailed explanation-4: -For many middle-class Americans, the 1920s was a decade of unprecedented prosperity. Rising earnings generated more disposable income for the purchase of consumer goods. Henry Ford’s advances in assembly-line efficiency created a truly affordable automobile, making car ownership a possibility for many Americans.

Detailed explanation-5: -What evidence suggests that the prosperity of the 1920s was not a firm foundation? The income gap between workers and managers grew, along with not being able to sell crops for enough money because the farmers produced too much.