The two correct answers that reflect the purpose of historical context in the passage are:
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to discuss the factors that contributed to the decadence of the 1920s - The passage reflects on the attitudes and behaviors of the wealthy during this time, which can be seen as part of the broader context of the 1920s characterized by excess and moral ambiguity.
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to characterize the relationship between the rich and everyone else - The passage highlights the differences in worldview and attitude between the rich and those who are not wealthy, emphasizing a sense of superiority that the rich feel, which is central to the social dynamics of the era.
These two elements help to enrich the understanding of the text’s themes in relation to its historical backdrop.