William Leuchtenburg is a professor at the University of North Carolina and was also a leading scholar of life.
What was the economic problem of the 1920s?
- The years the 1920s is characterized by extreme deflation and poverty in countries worldwide.
- The deflation led to worker layoffs, unemployment, and poor distribution of incomes.
- The economic development that supported William's argument was the crashing of the stock market, the great depression, poverty, and worse conditions in the US.
Thus, the economic problem in the 1920s was unemployment and poverty.
Learn more about the great depression here:
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