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 price of food was expensive for most workers who earned poverty level wages.
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People took on more debt than they could afford.
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The income/wealth gap increased even more between workers and business owners.
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The level of production in the U.S. increased.
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Detailed explanation-1: -The danger signs that were present in the economy of the late 1920s was that banks weren’t having enough money and stock prices were decreasing. Steel production as well was going down along with the building of houses and the sale of cars.
Detailed explanation-2: -Farmers Were Stuck With Surplus Black Americans and immigrants faced violence from the newly revived Ku Klux Klan, and many workers’ wages either didn’t keep up with productivity or fell off completely.
Detailed explanation-3: -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-4: -Old industries were in decline. Farm income fell from $22 billion in 1919 to $13 billion in 1929. Farmers’ debts increased to $2 billion. Sharecroppers were often destitute when cotton crops failed or prices fell.