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Q: During the 1920s Americans were spending their money on what?
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Which factors increased Americans standard of living during the 1920s?

The growth of technology helped. They were able to use modern technology to help make life easier and they were making more money.


Why did Americans buy more consumer goods in the 1920s than ever befor?

They had more money to buy the goods with because of the economic growth.


What causes the nation's public debt?

The Federal Government spends more money than it collects in taxes. In some cases, such as in wartime, the Federal government needs to spend a lot of money recruiting soldiers and sailors, buying guns and weapons, and conducting the war. During peacetime, the government should cut spending, but since the 1920s or so, the Federal government has been giving money away to individual citizens as welfare. As welfare has expanded and other government spending has ALSO increased, tax collection hasn't kept up with the spending.


Why does the US have a very high GDP?

GDP is purchases from consumers, investments and purchases from businesses, government spending, and net exports, and most of GDP comes from consumer spending. Americans have a lot of money compared to the rest of the world, so we spend a lot of money.


What is expense budget?

a plan for saving and spending different amounts of money during a given time period


What is spending deficit?

Deficit spending is the opposite of budget surplus. It means spending more money than you have - going into debt.


How does deficit spending impact national debt?

Deficit spending is spending money raised by borrowing. It is used by governments to stimulate their economy during times of depression or economic slow-down. Unless the borrowing is repaid, deficit spending will increase the national debt.


How much did Broadway tickets cost in the 1920s?

Broadway tickets were quite cheap in the 1920s. I assume that they have had a cost of around 1$ during this time which might seem incredibly cheap, but during these times 1$ was quite a lot of money compared to the times we have now.


Which term refers to the government spending more money then they took in during the great depression?

U.S Federal Deficit


What bill give approval for spending public money?

the bill of spproval for spending public money :)


Spending more money than is taken in?

deficit spending


Why were Mexican Americans deported to Mexico during the great depression?

Many thought Mexican Americans were taking jobs and welfare money from white Americans.