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QUESTION 2
Why didn't farmers benefit from the economic growth of the 'Roaring 20s'?
O Farmers faced major environmental challenges that made it difficult to grow crops and earn income
Farmers did not have access to loans to start their businesses
O Farmers produced more food than ever before, which dropped agricultural prices and eroded their living standards
O Manufacturers produced food with the assembly line, making food cheaper and putting farmers out of business
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Transcribed Image Text:QUESTION 2 Why didn't farmers benefit from the economic growth of the 'Roaring 20s'? O Farmers faced major environmental challenges that made it difficult to grow crops and earn income Farmers did not have access to loans to start their businesses O Farmers produced more food than ever before, which dropped agricultural prices and eroded their living standards O Manufacturers produced food with the assembly line, making food cheaper and putting farmers out of business
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The US economy during the 1920s witnessed a period of prosperity and boom. The US experienced growth because of new technologies and mass production. During the First World War, the US supplied money, war materials to other European countries. After the war, the money and interests paid by the European countries to the US made the country immensely wealthy. Lowered tax, higher wages, and credit led to a rise in the consumer culture, making the country economically stable.