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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It decreased the need for workers.
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It lowered the quality of most products.
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It reduced the prices of consumer goods.
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It raised the costs of agricultural production.
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Detailed explanation-1: -The Effects of Mass Production While mass production and assembly lines allowed for a boom of economic growth, it also brought a substantial increase in collective and individual prosperity throughout the 1920s. This, however, was brought to a halt at the end of the decade by the Great Depression.
Detailed explanation-2: -it led to the expansion of cities and the development of suburbs; it enabled people to travel to cinemas, which in turn stimulated the movie industry; it resulted in a vast national network of roads. (During the 1920s, about $1 billion a year was spent on highways);
Detailed explanation-3: -Once mass production was developed and perfected, consumer goods could be made for the broadest possible market. Anything consumers needed or desired could be made in larger quantities. Mass production resulted in lower prices of consumer goods.
Detailed explanation-4: -The rapid expansion of the automobile industry created jobs throughout the country and played a large role in sustaining the economic prosperity of the 1920s. In 1929, at the peak of the decade’s economic boom, there were more than 330, 000 people employed at automobile dealerships in the country.