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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engage in active and ongoing foreign policy with other coutries
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support free enterprise economic principles including laissez faire
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outlaw racial discrimination
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allow unrestricted immigration into the United States
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Detailed explanation-1: -Laissez-faire attitude (hands off) towards government involvement in the economy. Republican presidents of the 1920s allowed businesses to do what they wanted with little government interference.
Detailed explanation-2: -Many people believe that the 1920s marked a new era in United States history. The decade often is referred to as the “Roaring Twenties” due to the supposedly new and less-inhibited lifestyle that many people embraced in this period.
Detailed explanation-3: -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-4: -In laissez-faire policy, the government’s role is to protect the rights of the individual, rather than regulating business in any way. The term ‘laissez-faire’ translates to ‘leave alone’ when it comes to economic intervention. This means no taxes, regulations, or tariffs.