I was walking along from one place to another, half on the sidewalks and half on the lawns, I was happier on the lawns because I had on shoes from England with rubber nobs on the soles that bit into the soft ground. I had on a new plaid skirt also that blew a little in the wind, and whenever this happened the red, white, and blue banners on from it all the houses stretched out stiff and said tut-tut-tut, in a disapproving way.
1) this vivid and metaphorical passage depicts the materialistic streak among certain sectors of our culture that warps the American Dream
2) the selfish tone of the passage speaks to the thoughtless greed circulating throughout the culture of the Roaring Twenties
3) the racial animus inherent in this passage portrays the arrogancy, as well as financial privilege, that divides the haves from the have-nots
4) this metaphorical passage refers to the divisions even amongst the upper class
Based on the passage you provided, none of the options 1) through 4) accurately captures the meaning of the passage. The passage describes the speaker's enjoyment while walking on lawns rather than sidewalks, thanks to the special shoes they are wearing. It also mentions a new plaid skirt that blows in the wind, causing the banners on houses to flutter disapprovingly.
The passage does not explicitly mention materialism, the American Dream, selfishness, greed, racial animus, financial privilege, or divisions among the upper class. It primarily focuses on the sensory experience of the speaker while walking and the reaction of the banners to the skirt. It may be more appropriate to describe it as a description of personal experience or a portrayal of minor conflicts between individual preferences and societal expectations.