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The Economic Optimism and Challenges of the Late 1920s

The late 1920s were marked by a complex economic landscape characterized by a sense of optimism and underlying troubles. Factors such as welfare capitalism, which aimed to mitigate labor unrest, contributed to this positive outlook. However, the nation's prosperity was misleading, with rising personal debt fueled by credit and speculative investments. Overproduction left warehouses overflowing, while farmers faced significant hardships. This chapter examines the interplay of these factors and their contributions to an impending economic disaster.

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The Economic Optimism and Challenges of the Late 1920s

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  1. Chapter 12 – Section 1 The economy in the late 1920s.

  2. 1. What were three reasons people were optimistic about the economy in the late 1920s? • 2. What was welfare capitalism and how did it help prevent any more violent labor strikes? • 3. Why was the nation’s prosperity and wealth misleading? • 4. How did buying on credit lead to an increase in personal debt?

  3. 5. What was “speculation?” • 6. How did the type of investors differ from before WWI? • 7. How did “buying on margin” allow even more people to invest? • 8. Why were the country’s warehouses loaded with piles of unpurchased consumer goods?

  4. 9. What did this overproduction of goods lead to? • 10. What trouble did farmers face in the late 1920s? • 11. What was life like for factory workers? • 12. So, what five factors then, were leading to major disaster?

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