Question

How did the booming economy of the 1920s lead to changes in American life?

Answer 1

People from coast to coast were more affluent at this time. Radio across the Nation made it possible for everyone to listen to the same music. Motion pictures were out. Mass marketing allowed the same kind of style to be worn from region to region. They called it the birth of a mass culture where new things were being invented and everyone wanted to have them. Women got the right to vote. Automobiles were on the assembly lines making it possible for more people to own them. When you have cars, you've got to have gas so gas stations became a new business. It became the new Jazz era with new dances.

This is information I have already written myself on a similar question.

Answer 2

During the 1920's the US economy experienced a major boom, making them one of richest countries during that period. However, there is a concept in economics that explains that as fast as one economy booms, is as fast it could suffer some consequences. Billionaires and millionaires started to appear, all living luxurious lives. A lot of industries were created, giving a lot of jobs. However, I'd quote Newton "for every action is an equal and opposite reaction", and thus, the Great Depression came to be. Not only the US was affected, it began a domino effect which led several economies into a major decline. Unemployment was very high, poverty even in rich countries became prominent. Germany, also became affected, and plus, they still had to pay the huge fine for causing WWI. During these times, Hitler rose to power, earning the sympathy of the German masses.