THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Italian Americans
|
|
Chinese Americans
|
|
poor Americans
|
|
African Americans
|
Detailed explanation-1: -Said to be “last hired, first fired, ” African Americans were the first to see hours and jobs cut, and they experienced the highest unemployment rate during the 1930s.
Detailed explanation-2: -Meanwhile, as people fled the economic devastation of the South, jobs rapidly disappeared in the northern and Midwestern cities. African American families were hit the hardest. While white unemployment had hit an extraordinarily high rate of 31.7 percent in 1931, it was well over 50 percent for Black Americans.
Detailed explanation-3: -And in spring 1933 while the general unemployment rate was 25 percent, for blacks it was 50 percent. Also, the percentage of African Americans receiving welfare was higher than that of whites.
Detailed explanation-4: -By 1920, there were tens of thousands of Black businesses, the great majority of them quite small. The largest were insurance companies. The League had grown so large that it supported numerous offshoots, serving bankers, publishers, lawyers, funeral directors, retailers and insurance agents.