The group of people who gained their wealth quickly during the Roaring Twenties were called?
Understand the Problem
The question is asking about a specific term used to describe a group of people who became wealthy rapidly during the Roaring Twenties. This involves some historical knowledge about that era.
Answer
'New Money'
The group of people who gained their wealth quickly during the Roaring Twenties were called 'New Money'.
Answer for screen readers
The group of people who gained their wealth quickly during the Roaring Twenties were called 'New Money'.
More Information
During the Roaring Twenties, 'New Money' referred to individuals who acquired significant wealth rapidly, often through the booming economy and stock investments, contrasting with 'Old Money,' which referred to families who had been wealthy for generations.
Tips
A common mistake is confusing 'New Money' with other terms like 'Fast Money' or thinking it refers only to illicit gains; however, it generally encompassed both lawful and unlawful rapid wealth accumulation.
Sources
- Roaring 20s Lowman - Quizizz - quizizz.com
