... and restructured the way that we live now. The "roaring twenties" was an era when the American people prospered tremendously. During this period, the nation's total income rose form 74.3 billion in 1923, to 89 billion in 1929. The reason for this enormous growth was because of the 2 ... 1929, the average worker output per worker in these industries increased 32% in manufacturing, and the wages for manufacturing increased at one fourth as fast as the productivity increased. President Coolidge also helped the American people, he reduced federal income taxes and inheritance taxes dramatical...

• Word Count: 912
• Approx Pages: 4
• Has Bibliography
• Grade Level: High School

... reduce inventories. A similar story held for makers of household appliances. Perhaps more than any other part of the economy, agriculture suffered throughout the 1920s. During World War I, international demand for food crops such as wheat and corn soared, causing prices to rise. Farmers planted more crops and took out loans to buy land and equipment. After the war, demand for farm ... people then had trouble paying off their growing debts. Faced with debt, consumers cut back on spending. Consumers also spent less because their incomes were not rising fast enough. During the 1920s, nearl...

• Word Count: 586
• Approx Pages: 2