Related to the Economics in Practice on p. 98: F. Scott Fitzgerald's The Great Gatsby is set in the "Roaring '20s". This decade in U.S. history was characterized by
A) economic expansion and high unemployment.
B) recession and high unemployment.
C) economic expansion and low unemployment.
D) the Great Depression and stagflation.

Question

Quizplus · Accepted Answer

The "Roaring '20s" was a time of economic expansion and low unemployment in the United States. This was due in part to the increase in consumer spending, the rise of the automobile industry, and the growth of the stock market. However, this economic growth was not evenly distributed, and many rural areas and industries struggled. The Great Depression did not begin until the stock market crash of 1929, which marked the end of the "Roaring '20s".

Related to the Economics in Practice on P