what was the economic defect of 1920s?
Answers
The 1920s earned their moniker—the "Roaring '20s"—through the decade's real and sustained prosperity, dizzying technological advancements, and lively culture.
The decade marked the flourishing of the modern mass-production, mass-consumption economy, which delivered fantastic profits to investors while also raising the living standard of the urban middle and working-class.
But for the large minority of Americans who made their livelihoods in agriculture, the decade roared only with the agony of prolonged depression.
1920s time was most depression time in history. It was a vital time when economy was growing and developed. At that same time Government was also developing. So in politics as well as in economy it was remarkable time in history. There were many changes in transport system, automobiles and stock market. So it effected on economy very much. There was a clash between stock market and different types of factory and company.