Question

Analyze the extent to which new economic developments in the 1920s improved American financial wellness.

Answer 1

Answer:

The answer is below

Explanation:

The new economic developments in the 1920s improved American financial wellness in many ways. Some of which are:

1. It led to a tremendous 42 percent increase in the economic growth of the United States

2. The unemployment level was kept at the barest minimum of less than 4 percent.

3. There was an increase in the manufacturing goods and consumption

4. The GDP increased expectedly.

5. Automobile industry experienced a boom as many Americans begin to own cars.