Emergence Of Modern America: The Roaring Twenties - The Economy

After WWI, the US faced an economic slump. Presidents Harding and Coolidge promoted big business, leading to prosperity. Coolidge's laissez-faire policies allowed business to thrive, with low unemployment and rising wages. The stock market boomed as Americans invested heavily, often on credit. This era marked a third Industrial Revolution, with rapid industrialization and urbanization, as more Americans lived in cities than rural areas for the first time.

What was President Coolidge's approach to business and government?

• He was indifferent to business matters.

• He advocated for government ownership of businesses.

• He supported minimal government interference.

• He believed in heavy government regulation.

What was a significant economic trend in the U.S. during the 1920s?

• Decline in big business

• Decreasing industrial wages

• High unemployment rates

• Increased investment in the stock market

How did many Americans invest in the stock market during the 1920s?

• Using only their savings

• Through foreign investments

• With government grants

• By borrowing money

What was a key factor in the economic growth of the 1920s?

• The third Industrial Revolution

• A decrease in factory jobs

• The rise of rural populations

• The end of the Industrial Revolution

What demographic shift occurred in the U.S. during the 1920s?

• The population in cities decreased

• More people moved to rural areas

• More Americans lived in cities than rural areas

• The rural population doubled