THE ROARING 20S 1920 1929
AMERICAN ORGANIZED CRIME OF THE 1920S
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Owners of small businesses
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Farmers
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Wall street brokers
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Residents of western cities
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Detailed explanation-1: -Generally, groups such as farmers, black Americans, immigrants and the older industries did not enjoy the prosperity of the “Roaring Twenties”.
Detailed explanation-2: -Although these were prosperous times for many, some groups did not share in the good times of the 1920s. Farmers, African Americans, Native Americans and workers in some industries suffered from declining incomes and unemployment.
Detailed explanation-3: -While most Americans enjoyed relative prosperity for most of the 1920s, the Great Depression for the American farmer really began after World War I. Much of the Roaring ‘20s was a continual cycle of debt for the American farmer, stemming from falling farm prices and the need to purchase expensive machinery.
Detailed explanation-4: -The prosperity of the 1920s led to new patterns of consumption, or purchasing consumer goods like radios, cars, vacuums, beauty products or clothing. The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average Americans.
Detailed explanation-5: -Elements of the American economy in the 1920s (mass production and expanding consumer economy). Which groups did not share in the prosperity of the 1920s and why? Farmers because their incomes declined due to the decline of agricultural production demand.