Describe the shift in attitude surrounding debt in the 1920s
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CommonLit Answer "The Roaring Twenties" By Mike KubricPART A: Which of the following statements best describes a central idea of the text?A)Capitalism is to blame for the Great Depression and the end of the Roaring Twenties because this economic system only benefits wealthy people.B)Americans were more consumed with entertainment and reckless behavior in the 1920s, allowing the government to make bad decisions.C)Americans were indulging in excess and deregulation during the 1920s, unaware this would contribute to an economic crisis.D)Hoover’s progressive policies were not enough to undo much of the damage that was done during the Harding and Coolidge administrations.PART B: Which detail from the text best supports the answer to Part A?A)“It was a period when they reveled in the high jinks of what the period’s historian Nathan Miller called an ‘era of wonderful nonsense’” ( Paragraph 1)B)“In no mood to worry whether the good times will last, Americans were happily spending money they had had to save because of wartime shortages” ( Paragraph 7)C)“‘The only trouble with capitalism is capitalists,’ he complained. ‘They’re too d*mn greedy.’” ( Paragraph 18)D)“Hoover tried to stymie the fall by increasing public works spending to $434 million – an enormous sum for the period” ( Paragraph 21)