Analyze the uneven distribution of the 1920s’ economic prosperity. Which Americans gained the most, and which were largely left out?

The Americans who gained the most during the 1920s were
those who already had some money.   The gains in wealth that came about as stock prices
went up, for example, went mainly to those rich enough to put a lot of money into
stocks.  In addition, the rise of huge companies made a few captains of industry very
rich indeed.

On the other hand, most historians argue that
farmers and workers were not sharing in the prosperity.  The agricultural sector was the
weakest sector in the economy.  Prices dropped and many small farmers had to get out of
farming as competition from larger farms overwhelmed
them.

Workers, too, were hurt, according to most
historians.  The Republican administration of the 1920s was fairly anti-union.  During
the 1920s, labor union membership dropped dramatically, partly because of anti-union
moves by the government.  It must be said, however, that wages did go up during this
time even if workers in many industries (like mining and textiles) did suffer as
technology destroyed jobs and union as unions lost
power.

Overall, then, most historians argue that the rich
got richer in the 1920s and the farmers and workers either got poorer or did not benefit
as much as the rich did.