1920s: Innovation in Communication and Technology

AP US History· difficulty 4/5

The 1920s economy was characterized by

A
$A deep depression with mass unemployment and collapsing consumer demand$
B
$The decline of capitalism, as socialist policies replaced private enterprise$
C
$Stagnation, with declining factory output and falling productivity nationwide$
D
$Industrial expansion, mass production, consumerism, and growing income inequality$
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Explanation

Henry Ford's Model T and the assembly line transformed manufacturing; speculation in stocks created a bubble.

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