Why were the 1920's a period of economic growth and prosperity?

Answer 1

From the 1950s forward, middle-class culture became fascinated with consumer goods. Workers benefited from higher earnings, larger homes, better schools, and more cars and domestic gadgets. The postwar expansion of the US economy, which increased at a 3.5 percent annual rate, altered the lives of ordinary Americans by making them much more comfortable than they had ever been. Americans had more consumer items than they had ever had before throughout the postwar era.

Answer 2

The 1920s was called various names such as "The Jazz Age," the Age of Intolerance," and the "Age of Nonsense." But perhaps the most telling was the "Roaring Twenties." It was the beginning of modern America, in politics, arts, customs and fads, literature, sports, etc. Americans felt a relief following the Great War. The nation had survived the deadly worldwide influenza epidemic of 1918. The Twenties was a time of change for just about all the population. Youthful "Flapper" women provoked the older generation by smoking in public, wearing brief skirts, bobbed hair styles, and the use of lots of makeup. New fads included the Charleston dance, dance marathons, flagpole sitting, and flying stunts in the new airplanes. Many sports became "spectator sports" with Baseball and Babe Ruth perhaps being the biggest. Business continued to grow and outward appearances seemed to indicate no slowdown in site. More new products were developed and the consumer was given the opportunity to buy these products "on time." Government seemed unwilling to try too much regulation for fear of upsetting the economic boom.

Answer 3

Basically in a nutshell, the economy of the 1920's was known as the roarin 20's and everyone was doing wll financially and people would spend a LOT of money and for a while everyhting was great.....however this would come back to hurt them when all this wasteful spending led to the Great Depression went he Stock Market Crashed.

Answer 4

Business continued to grow and outward appearances seemed to indicate no slowdown in site. More new products were developed and the consumer was given the opportunity to buy these products "on time." Government seemed unwilling to try too much regulation for fear of upsetting the economic boom. Business and industrial practices were not regulated to any great extent by states. Inventories increased but the power of the consumer to buy was masked by the use of installment buying.

Answer 5

During the 1920s, there was a surge in consumerism and materialism. Americans bought more and cared about conspicuous consumption

Answer 6

Yes it brought about the properity needed that gives time for education and reflection on the social structure of the country.

Answer 7

The 1920's were a time of superficial prosperity... Americans used the installment plan and spent money that they did not have and in turn, America appeared to be wealthy.