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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ensure the poor carried the burden of tax payments to government
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promote philanthropy among entrepreneurs
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provide the government with additional needed revenue
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stimulate the economy through business investment
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Detailed explanation-1: -Coolidge adeptly handled the aftermath of several Harding administration scandals, and by the end of 1924 he had dismissed most officials implicated in the scandals. He presided over a strong economy and sought to shrink the regulatory role of the federal government.
Detailed explanation-2: -Elected in his own right in 1924, Coolidge gained a reputation as a small-government conservative distinguished by a taciturn personality and dry sense of humor, receiving the nickname “Silent Cal".
Detailed explanation-3: -In the 1920s the ability to produce and distribute goods on a mass scale, aided by technological development and federal policies favoring industry, brought about a stabilization of the economy that led to wide prosperity.