Recognize the cause-and-effect relationships of economic trends as they relate to society in the United States during the 1920s and 1930s.

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Hardin

History

9 June, 15:17

Recognize the cause-and-effect relationships of economic trends as they relate to society in the United States during the 1920s and 1930s.

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Malakai · Answer 1

The United States embraced a laissez-faire policy in the economy during the 1920s. The Secretary of Treasury, Mellon, tremendously reduced taxes, which moved the economy because there was more money to spend. Inventions such as cars and radios, as well as the conservative economic policies, added to a huge economic boom. Many of the economic procedures in the decade would lead to danger especially in the stock market, which would lead to the crash and the Great Depression.