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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Many Americans lost all of their money in the Stock Market crash.
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Many Americans did not have jobs and there were failed banks and businesses.
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Many Americans experienced an economic boom, furthered by new technologies.
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All Americans experienced an economic boom, furthered by new technologies.
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Detailed explanation-1: -The Roaring Twenties was a period in American history of dramatic social, economic and political change. 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.
Detailed explanation-2: -The main reasons for America’s economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of America, new mass marketing techniques, the availability of cheap credit and increased employment which, in turn, created a huge amount of consumers.
Detailed explanation-3: -Mass Consumption – higher wages led to people purchasing goods in excess of their needs. The single most important factor behind the prosperity of the 1920s was the expanded use of the automobile.
Detailed explanation-4: -Mass production led to a huge number of new products: Cars, electric appliances, and new fashion. Moreover, advances in technology led to the age of steel and electricity. Homes and industries shifted from coal to electricity. As a result, all industrialised cities became powered by electricity.