What were signs of american business success in the 1920s


Asked by maham237 @ in History viewed by 340 People


What were some signs that the economic situation might not be as good as it seemed?

Answered by maham237 @



Some of the signs that the American business success was the stock market rising and everyone out blowing all their money and flouncing it around. They had lowered taxes and loosened regulations on things. This made it start booming. This does not include the prohibition, which then led to a lot of bootleggers and illegal selling of alcohol and speakeasies.

Some of the signs that it wasn’t as good as people thought was some attitudes and practices of people could lead to the 20’s downfall. A lot of people were believing that it would last for a while, the flow of the money, the partying, etc. Which that led to people being blinded by reality. Also there was the fact that the food industry was not booming as much as it was during WW1. During WW1 when we went in during 1917 there was a higher demand in produce, to supply the troops. The selection Act was going on meaning more troops were being drafted by the day, there was the regulation on food in the house holds. All of this led to the top soil in the Midwest to become loose then leading to the dustbowl. Because of how we went into full on production mode for WW1 it led to our downfall. The stock market crashed, October 31st 1929 and then we went into the Great Depression and the great dustbowl ages. The only way we had come out of it was by Franklin Roosevelt and his “New Deal”.

I hope this helped a bit.

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