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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willingness to encourage immigration to the United States.
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increased consumer borrowing and spending.
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the active involvement of the United States in European affairs.
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major reforms in national labor legislation.
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Detailed explanation-1: -The prosperity of the 1920s led to new patterns of consumption, or purchasing consumer goods like radios, cars, vacuums, beauty products or clothing. The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average Americans.
Detailed explanation-2: -The 1920s is the decade when America’s economy grew 42%. 1 Mass production spread new consumer goods into every household. The modern auto and airline industries were born. The U.S. victory in World War I gave the country its first experience of being a global power.
Detailed explanation-3: -The 1920s was the first decade to have a nickname: “Roaring 20s” or “Jazz Age.” It was a decade of prosperity and dissipation, and of jazz bands, bootleggers, raccoon coats, bathtub gin, flappers, flagpole sitters, bootleggers, and marathon dancers.
Detailed explanation-4: -Consumerism came into its own throughout the 1920s as a result of mass production, new products on the market, and improved advertising techniques. With more leisure time available and money to spend, Americans were eager to own the latest items.
Detailed explanation-5: -Consumerism in the 1920s was a state where individuals were encouraged to buy goods in increasing quantities. It was defined by an impulsive desire to spend money.