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Q: 4. Which was a boom industry of the 1920s? A. Consumer goods B. Automobiles C. Construction D. All of the above
A: The Cycle of Prosperity - increased production of consumer goods -> increased employment -> more wealth to spend on goods -> prices fell ->increased demand of goods -> further production Starting from increased production, [ it is a chain reaction that leads finally to further production and starts from there again. This is how wealth generally rose throughout the economy and businesses. ]
Expert answered|yumdrea|Points 30|
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Asked 6/5/2013 11:49:28 AM
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Updated 7/3/2014 11:01:54 PM
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