Which of the following statements concerning the economy of Europe during the "Roaring '20s" is NOT accurate?
a. The worst inflationary pressures were resolved, though at the cost of wiping out the value of savings for many propertied groups.
b. New artistic movements began in Europe and spread across the Western world.
c. The United States lagged behind the European nations in both industrial production and mass consumption.
d. Industrial production boomed.
e. Mass consumption standards, based on ready availability of new products, rose.
Answer: C