Who didn't benefit from the Boom?

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  • Who didn't benefit from the Boom?
    • Farmers
      • 1920s, over 3 million earned less than $1000/year
      • 1920-1930, first time farms declined in American history
      • 1928, half of all US farmers lived in poverty
      • 600,000 farmers lost their farms in 1924 alone
      • The average income of a farmer in 1929 was 40% of the national average
      • Farmers totalled 30% of the population
    • African Americans
      • 3/4 million lost their jobs in the 1920s
      • 60% of black women were domestic servants
      • The KKK claimed 5 million members and 350 lynchings during the decade
    • Old Industry Workers
      • 4 month strike for 600,000 miners but nobody cared
      • The average monthly income in 1929 of bricklayers was $320, but it was $103 for coal miners
    • Women
      • 25% of the workforce was female but there was a huge wage gap
      • Only 5% of places in medicine schools were allocated to women
      • They were granted the vote in 1920
    • Native Americans
      • Numbers had declined from 1.5 million to 250,000 in the 1920s
      • Granted the right to vote and US citizenship in 1924
      • Assimilation policy and 'Americanisation'
    • General
      • 60% of the population was living under the poverty line
      • The top 5% earned 33% of the national income

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