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Practice Reading: Fill in the Blanks (Dropdown) ID: #948 Roaring Twenties
Instructions
The  Roaring  Twenties  was  a  period  when  American  economy  flourished  tremendously.  The  nations  total  realized  income  rose  from  $75  billion  in  1923  to  $90  billion  in  1929.  During  the  economic    of  the  Roaring  Twenties,  Jazz  age  challenged  the    values  of  rural  America,  symbolized  by  women  smoking,  drinking  and  wearing  short  skirts.  Fashion  clubs,  kitty  parties,  late  night  ballet  dances  were  the  common  life  styles  of  the  rich  classes  and  the  middle  classes  were  envying  the  rich  to  maintain  the  false  respect  in  the  society.  The  average  Americans  were  busy  buying  household  appliances,  automobiles  and  investing  money  in  the  stock  market  to  make  huge  profits.  The  American  youth  were    to  get  rich  overnight  and  the  success  mania  boosted  trade  and  commerce.  The  banks  were  liberal  in  granting  loans  and  the  easy  liquidity  propelled  the  bullish  phase  of  the  American  stock  market.  Even  the  poor  Americans  raised  money  on  loan  and  invested  in  the  stock  market  for  easy  money  earnings.  The  rewards  of  the  1920s  Coolidge  Prosperity  were  not  equally  shared  among  all  Americans.  Henry  Ford  and  other  business  magnates  were  aware  of  the  inequitable  distribution  of  income  between  the  rich  and  the  poor.  The    point  of  the  economy  was  visible  but  nobody  dared  to  calculate  the  repercussions  of  the  fallout.

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