WORLD HISTORY

HISTORY

THE WORLD BETWEEN THE WARS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which groups of people did not benefit as much from the economic boom of the 1920s?
A
Working Poor
B
Immigrants
C
Women & Children
D
First Nations
E
All of the Above
Explanation: 

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: -The electricity, car and film industries benefited most from the new machinery. Scientific progress also transformed the economy. The USA’s chemical industry led the world in providing fertilisers and dyes, as well as introducing new materials like Bakelite and rayon.

Detailed explanation-3: -The single most important factor behind the prosperity of the 1920s was the expanded use of the automobile. Cars greatly affected all aspects of American life, as ownership rose from 8 to 24 million owners. By 1929 1 out of every 9 jobs was in an auto-related business.

Detailed explanation-4: -Working hours remained high. Many people were in debt. 60 per cent of cars and 80 per cent of radios were bought on credit. 20 million people were involved in the buying and selling of shares in order to make a profit on the stock market .

There is 1 question to complete.