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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Economic conditions improved as soldiers returned from Europe.
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Factory output continued to expand in the postwar years.
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Millions of Americans were suddenly thrown out of work.
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Government contracts helped soldiers find permanent jobs.
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Detailed explanation-1: -By the time the US Army’s demobilization officially ended on June 30, 1947, the Army had decreased from eight million soldiers in 1945 to 684, 000 on July 1, 1947. The total number of active divisions also dropped from 89 to 12. Army leaders considered demobilization an overall success.
Detailed explanation-2: -Public demand quickly outpaced the slow production, leading to notable shortages of domestic goods. As a result, inflation skyrocketed in 1919. By the end of the year, the cost of living in the United States was nearly double what it had been in 1916.
Detailed explanation-3: -The Demobilization of United States armed forces after the Second World War began with the defeat of Germany in May 1945 and continued through 1946. The United States had more than 12 million men and women in the armed forces at the end of World War II, of whom 7.6 million were stationed abroad.
Detailed explanation-4: -The American Expeditionary Forces arrived in Europe in 1917 and helped turn the tide in favor of Britain and France, leading to an Allied victory over Germany and Austria in November 1918. By the time of the armistice, more than four million Americans had served in the armed forces and 116, 708 had lost their lives.