THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A point of view favoring extreme change to social or economic structures is known as
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radicalism.
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inflationism.
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unionism.
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capitalism.
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Explanation:
Detailed explanation-1: -Radicalism is a point of view favoring extreme change, especially in social or economic structures.
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: -What overall effect did the union strikes in around 1919 have on unions? People began to view unionism as a threat, which led to the decline of union membership.
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