All of the following is true about the 1920s, except A series of Republican presidents promised to facilitate business expansion and turn their back on Progressive legislation. Americans witnessed an intensification of the mass consumer culture that had been growing since the start of the Industrial Revolution. Americans invested themselves heavily in foreign policy experiments in Latin America and Asia. Both Democrats and Republicans were exhausted by constant efforts and had given up on progressive reform. The United States became the richest society in the history of the world.

During the 1920s, the federal reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money. business investment and the expansion of businesses grew rapidly during the 1920 to meet the needs of this huge consumer spending. however, during the crash of 1929, the federal reserve reversed its expansionary monetary policy and cut off the money supply by almost 30%, causing banks to not have enough currency on hand when depositors wanted their hard-earned money. after reading the prompt, what can you surmise happened next that contributed to the great depression? a) black tuesday b) collapse of banks c) high unemployment d) election of franklin d. roosevelt