USA HISTORY

Detailed explanation-1: -For many middle-class Americans, the 1920s was a decade of unprecedented prosperity. Rising earnings generated more disposable income for the purchase of consumer goods. Henry Ford’s advances in assembly-line efficiency created a truly affordable automobile, making car ownership a possibility for many Americans.

Detailed explanation-2: -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.

Detailed explanation-3: -The main reasons for America’s economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of America, new mass marketing techniques, the availability of cheap credit and increased employment which, in turn, created a huge amount of consumers.

Detailed explanation-4: -In the 1920s, sometimes referred to as “The Roaring Twenties, ” there was a false sense of prosperity on the part of Americans. Approximately 60% of the population lived at a poverty level (earning less than $2, 000 per year), yet credit was available, and people were using it.