USA HISTORY

THE ROARING 20S 1920 1929

AMERICAN ECONOMY IN THE 1920S

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Most rural Americans purchased new products and enjoyed leisure activities.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -→ The advertising industry reached new levels of sophistication during the 1920s as it adopted an aggressive approach to sales that manipulated Americans’ ideas about the role of consumer goods in their lives.

Detailed explanation-2: -The factors that contributed to increased consumer spending in the 1920’s was increased incomes and with the introduction of credit.

Detailed explanation-3: -A consumerist society is one in which people devote a great deal of time, energy, resources and thought to “consuming”. The general view of life in a consumerist society is consumption is good, and more consumption is even better. The United States is an example of a hyper-consumerist society.

Detailed explanation-4: -Old industries were in decline. Farm income fell from $22 billion in 1919 to $13 billion in 1929. Farmers’ debts increased to $2 billion. Sharecroppers were often destitute when cotton crops failed or prices fell.

There is 1 question to complete.