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Although the 1920s were prosperous years for the united states, why is this prosperity considered superficial?

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Asked By: sammy0611 16-17, F  5 months ago

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    Best Answer (Chosen By Asker):

    THEASCENDED - 22-25 years old - male

    Posted by THEASCENDED Dec 11th, 2012 at 6:41PM

    The 1920's were NOT the most prosperous for the US. Exactly the opposite. The 1920's were the second best era for businesses and banks within the US, second only to the time we're living in now. The people were losing pay, losing jobs, losing homes, just like they are now. As businesses did better they cut the less fortunate off, the result was the dirty 30's. That's exactly where America is headed now, research the 1930's, then imagine that compounded by a factor of a few hundred and say hello to the 2013 collapse.

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  1. TheSquirrel - 46-50 years old - male

    Reply by TheSquirrel Dec 11th, 2012 at 6:47PM

    I would not put it quite the same way, but much of this alings with my thinking about that decade. Anecdotal evidence is the slogan from Hurbert Hoover's 1928 campaign "a chicken in every pot."

    Like (1)

8 Answers to "Although the 1920s were prosperous years for the united states, why is this prosperity considered superficial?"

  1. BluesKing - 46-50 years old - male

    Posted by BluesKing Dec 11th, 2012 at 6:38PM

    Do your own homework

    Like (4)

  2. puck61 - 51-55 years old - male

    Posted by puck61 Dec 11th, 2012 at 6:41PM

    I'll give you a hint. The country didn't really have more money, people were just spending more money and paying in installments.

    Like (3)

  3. MyNameIsQ - 22-25 years old - male

    Posted by MyNameIsQ Dec 11th, 2012 at 6:44PM

    Same basic reasons as what happened in the last decade. Financial markets are parasites on the real economy.

    Like (2)

  4. Ketsan - 26-30 years old - male

    Posted by Ketsan Dec 11th, 2012 at 6:42PM

    It was caused by credit supplied by the fed not actual economic growth.

    Like (2)

  5. Rooneytoones - 31-35 years old - male

    Posted by Rooneytoones Dec 11th, 2012 at 6:40PM

    I think you're being silly lass

    Like (2)

  6. rumlover - 46-50 years old - male

    Posted by rumlover Dec 11th, 2012 at 6:39PM

    Study the 1930's for that answer.

    Like (2)

  7. MmmBabi - 41-45 years old - female

    Posted by MmmBabi Dec 11th, 2012 at 6:38PM

    Q on your homework?

    Like (2)

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