18-41: The Roaring Twenties

Question 1

Economic Impact of WWI (6)

Answer 1

-Sale of resources to Europe, growth of steel, natural resources and goods industries
-Production of US farms grew rapidly. many women joined the workforce and wages/employment rose
-Limitations: Demand for US products dropped in 1920 as European farming recovered
-Returning soldiers re-entered workforces; many new workers e.g. women lost their wartime jobs
-Race riots increased in industrial cities as number of black workers increased
-Farmers who borrowed money to expand production struggled to pay back loans

Question 2

Reasons for economic boom in the 1920s