Life in the Roaring Twenties Questions and Answers

Start Your Free Trial

What caused the economic boom of the Roaring 20's to happen?

Expert Answers info

brettd eNotes educator | Certified Educator

calendarEducator since 2009

write4,576 answers

starTop subjects are History, Social Sciences, and Literature

I'd also have to add the overwhelming infusion of cash into the America economy from the arms industries and the production of war material for World War I.  $17 billion worth of arms sales to European empires took place at that time, and this created not only massive wealth in the hands of a few industrialists, (which they were able to invest later in new economic ventures) but drove up wages, caused increased consumer spending, and increased stock prices.  The economy expanded greatly as a result, as did its industrial base.

Republican laissez-faire administrations over the course of that decade that kept taxes and regulations low...

(The entire section contains 2 answers and 325 words.)

Unlock This Answer Now


check Approved by eNotes Editorial

pohnpei397 eNotes educator | Certified Educator

calendarEducator since 2009

write35,413 answers

starTop subjects are History, Literature, and Social Sciences

check Approved by eNotes Editorial