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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People owned washing machines and vacuum cleaners freeing up more time.
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Cars allowed people to travel quicker and farther.
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People could attend sporting events and movies.
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Workers made less money and couldn’t afford the things they wanted.
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Detailed explanation-1: -The 1920s is the decade when America’s economy grew 42%. 1 Mass production spread new consumer goods into every household. The modern auto and airline industries were born. The U.S. victory in World War I gave the country its first experience of being a global power.
Detailed explanation-2: -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-3: -Generally, groups such as farmers, black Americans, immigrants and the older industries did not enjoy the prosperity of the “Roaring Twenties”.
Detailed explanation-4: -Old industries were in decline. Farm income fell from $22 billion in 1919 to $13 billion in 1929. Farmers’ debts increased to $2 billion. Sharecroppers were often destitute when cotton crops failed or prices fell.