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How did business owners use the large profits made during the 1920s?
a. dramatically increased wages for workers
b. significantly reduced the cost for consumers
c. reinvested into the business expanded production***
d. purchased additional stock in competing business
Yes, c.
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To check how business owners used the large profits made during the 1920s, we can analyze the options provided and determine the most plausible answer.
a. dramatically increased wages for workers: This option suggests that business owners used their profits to substantially raise worker wages. However, this is not a common practice during the 1920s, as the decade was marked by uneven wealth distribution and significant income inequality.
b. significantly reduced the cost for consumers: This option implies that business owners used their profits to lower prices for consumers. While some goods did become more affordable during the 1920s due to mass production techniques, it was not the primary way business owners used their profits.
c. reinvested into the business and expanded production: This option proposes that business owners reinvested their profits back into their businesses to expand production. This is the most likely answer as the 1920s was a period of economic growth and industrial expansion, characterized by increased production and technological advancements.
d. purchased additional stock in competing businesses: This option suggests that business owners used their profits to buy stocks of competing businesses. While some business owners may have engaged in this practice, it was not the primary way profits were used during the 1920s.
Therefore, based on the options provided, the most accurate answer is c. Business owners used the large profits made during the 1920s by reinvesting into their businesses and expanding production.