Life in the Roaring Twenties Questions and Answers

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Which Americans gained the most from the 1920s economic prosperity?

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litteacher8 eNotes educator | Certified Educator

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Everyone became a little more prosperous in the twenties, but as these things go, the wealthy were the ones who got the most out of it. The rich usually benefit most from times of prosperity. The common people were having a good time though, as there was more wealth to go around than before.

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White industrialists such as Henry Ford profited massively during the 1920s, as the post-World War I economic boom fueled consumption and mass production just as it had during the Gilded Age following the Civil War.

Another group that profited was stock market speculators and investors.  It was difficult to lose during that time period if you knew anything about stock, and if you had money to invest in larger quantities, you could make a fortune.  Knowing when to cash out was the trick.

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The people who gained the most during the 20's were the business owners. Consumers had money to spend and went looking to spend it on many of...

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william1941 | Student

The 1920s was a decade when the economy of America grew at a very fast pace and America became the wealthiest country in the World. As people consumed, more had to be produced and those working in the factories were ready to buy more with what they had earned. This became a self-sustaining cycle of sorts. And almost everyone in the US seemed to be benefiting from it.

The group of people who gained the most were those who were already rich. They were the ones who opened the new factories and catered to the market of consumers that had been created. In the rural areas this group included those who were rich landlords.

One of the groups of people that were left out in this economic growth were the African Americans who only were allowed to do menial labor for very low wages especially in the southern states. Discrimination and the rise of radical groups like the Ku Klux Klan ensured that African Americans were not made part of the industrial revolution.

A second group left out was the share croppers of the south and mid-Americas. These were people who took land on rent from the rich landlords and tried to cultivate enough to sustain themselves and pay their rents. During this period the prices of agricultural produce dropped as a result of cultivation on a large scale. This ensured that farmers got very little for what they grew and were often evicted from their lands when they failed to earn enough to even pay their rents.