222k views
5 votes
How can the state of the U.S. economy in the 1920s best be characterized?

O a time of sustainable economic growth and prosperity
O a period of socio-economic unrest and high unemployment
O an era of rapid economic expansion which eventually led to an economic crash
O a decade marked by government control of industries and redistribution of wealth

1 Answer

2 votes

Final answer:

The U.S. economy in the 1920s experienced rapid expansion that eventually led to an economic crash.


Step-by-step explanation:

The state of the U.S. economy in the 1920s can best be characterized as a period of rapid economic expansion which eventually led to an economic crash. This decade, often referred to as the Roaring Twenties, saw a significant increase in industrial production, consumer spending, and stock market speculation. However, the excessive optimism and over-speculation eventually resulted in the stock market crash of 1929 and the subsequent Great Depression.


Learn more about U.S. economy in the 1920s

User Joel B Fant
by
7.6k points