Question

Which statement is not true of the U.S. economy in the late 1920s? Construction of new homes fell. Automobile production caused rapid growth in industry. The oil industry prospered with the discoveries of the Seminole and Oklahoma City oil fields.

Answer 1

Construction of new homes fell is the statement that is not true of the U.S. economy in the late 1920s.

Answer 2

The correct answer is A) construction of new homes fell.

The statement that is not true of the U.S. economy in the 1920s is “construction of new homes fell.”

This period in the United States history is called “the Roaring 20s”. It was a period of economic prosperity in the country that impacted other areas such as culture and fashion style. United States citizens had enough money to buy a house, support a family and invest. Production in the industries allowed the fabrication of cars and new technological devices that augmented consumerism in people.