Question

Which sectors were most responsible for the increase in the GNP in the United States in the 1920s?

Responses farming and agriculture farming and agriculture
building and construction building and construction
industry and technology industry and technology
military and defense

Answer 1

The industry and technology sectors, along with building and construction, were most responsible for the GNP increase in the 1920s in the U.S., spurred by advancements in consumer goods manufacturing and electrification.

Step-by-step explanation:

The sectors most responsible for the increase in the GNP in the United States during the 1920s were primarily the industry and technology sectors. Innovations and growth in these areas, such as the automobile industry and consumer goods manufacturing, boosted economic activity significantly. Companies like General Electric and Westinghouse played a crucial role in electrification, which in turn spurred the demand for electric appliances and consumer goods. The building and construction sector also contributed to the economic boom by creating jobs and stimulating related industries like steel, oil, rubber, and lumber through the demand for new homes and infrastructure.

Answer 2

The increase in the GNP in the United States in the 1920s was mainly driven by the industry and technology sectors, as well as the building and construction industry. The correct answers are second and third options.

Step-by-step explanation:

The sectors that were most responsible for the increase in the GNP (Gross National Product) in the United States in the 1920s were industry and technology as well as building and construction.

The automobile and home appliance industries experienced significant growth during this time period, leading to an increase in production and employment opportunities. Additionally, advancements in technology, such as electrification, contributed to the growth of industries and the overall economy.

With electrification reaching more homes, companies such as Westinghouse and General Electric grew significantly, bolstering the GNP with the increased production of electrical appliances. New consumer products like radios and recreational services such as going to the movies also became popular, supported by a booming tourist industry driven by the wider availability of automobiles.

The construction sector also contributed to economic growth, as new homes required appliances, furniture, and various other consumer goods, and new roads needed to accommodate the increasing traffic from cars. However, sectors like farming and agriculture did not experience the same level of prosperity and were faced with struggles due to price declines and overproduction.