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Which of the following was the more important reason why there were problems in America during the 1920s:

Social reasons
Economic reasons?
Explain your answer with reference to both bullet points. (12 marks)​

Which of the following was the more important reason why there were problems in America-example-1

1 Answer

6 votes
•Unequal distribution of wealth • 60% of all American families had an income of less than $2000 per year (i.e. they were living below the poverty line). Top 5% of people earned 1/3 of the wealth. The only way poorer Americans could consume was through credit and consumption
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