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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Immigration restrictions and a lack of skilled workers.
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High taxes and overspending on social welfare programs
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United States war debts and the declining value of the dollar
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overproduction and the excessive use of credit
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Detailed explanation-1: -While the October 1929 stock market crash triggered the Great Depression, multiple factors turned it into a decade-long economic catastrophe. Overproduction, executive inaction, ill-timed tariffs, and an inexperienced Federal Reserve all contributed to the Great Depression.
Detailed explanation-2: -The Stock Market Crashes! The 1920s, known as the Roaring Twenties, was a time of many changes-sweeping economic, political, and social changes. There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression-the stock market crash of 1929.
Detailed explanation-3: -It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
Detailed explanation-4: -In 1929, the New York Stock Exchange collapsed when people began to sell their stocks after sensing a decline in the prices. This incident aggravated the existing economic crisis and resulted in the Great Depression.