THE ROARING 20S 1920 1929
ART AND CULTURE OF THE HARLEM RENAISSANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The stock market grew.
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African-American culture flourished in the North.
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Scopes was arrested for breaking the law.
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Most businesses failed.
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Detailed explanation-1: -By the early 1920s, the economy was booming. Advances in technology, mass production, and new advertising methods led to a vibrant consumer culture.
Detailed explanation-2: -Throughout the 1920s a long boom took stock prices to peaks never before seen. From 1920 to 1929 stocks more than quadrupled in value. Many investors became convinced that stocks were a sure thing and borrowed heavily to invest more money in the market.
Detailed explanation-3: -By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the stock market crash of 1929 were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.