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Melissa Hill
History
22 December, 06:20
How did the economy appear healthy
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Alejandro Cox
22 December, 06:37
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The U. S. economy in the early to mid 1920s was strong andfor the most part healthy.-Stocks were valued at $27 billion in 1925 and that numberrose to $87 billion by October 1929.-Real wages increased 40% in the 1920s and unemploymentaveraged below 4% (even with the use of the assembly line).-The government also believed the economy was strong, even though many Americans were buying stocks withborrowed money in the late 1920s.-President Hoover predicted, "poverty will be banished fromthis nation."
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