Foreign countries could not afford to buy U.S. exports or repay U.S. loans.
The general cost of living rose dramatically in the early 1920's. This is what was known as the Great Depression which affected the economy of the world.
LULA
During the 1920s, there was a surge in consumerism and materialism. Americans bought more and cared about conspicuous consumption
a
Since they had little power, they did not benefit as much as others.
we now have eggrolls and wontons
The growth of the nation's economy during the 1920s was called urbanization.
The growth of the nation's economy during the 1920s was called urbanization.
Tariffs are not that high in the USA during the 1920s. European countries had high tariffs as well, definitely compared to the pre-WW1 period, but this was mostly because of problems reestablishing the gold standard
increased tariffs
expansion
coolidge prosperity
i believe it was the farming industry
During the 1920s republicans supported policies that generally gave corporations free rein, raised protective tariffs, and cut taxes for the rich.
In the 1920s, the United States implemented the Fordney-McCumber Tariff Act of 1922, which raised tariffs on a wide range of imported goods to protect American industries. This act aimed to stimulate domestic production and safeguard American jobs by making foreign products more expensive for consumers. The high tariffs imposed during this period contributed to a decline in international trade and strained relationships with trading partners.
The general cost of living rose dramatically in the early 1920's. This is what was known as the Great Depression which affected the economy of the world.
Overproduction