I feel terrible for forgetting where I got this image. It was recently, too. So I apologize to whomever I took this from for not crediting you.
What I love is that the women have adopted riding clothes as their masculine-styled costume. This makes sense. Since the 18th century, women’s riding habits had been the first type of clothing to consistently borrow from male costume. These women in 1922 would have been shocking, but not nearly as shocking as if they had worn everyday male dress.