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The 1920s did not have a bad economy, in fact the economy was so good that it caused the crash of 1929. America had just won WW1 and new products were being made. This created a delima because products were being produced so fast that the prices were rock bottom. I found this online:
The interwar period in the United States, and in the rest of the world, is a most interesting era. The decade of the 1930s marks the most severe depression in our history and ushered in sweeping changes in the role of government. Economists and historians have rightly given much attention to that decade. However, with all of this concern about the growing and developing role of government in economic activity in the 1930s, the decade of the 1920s often tends to get overlooked. This is unfortunate because the 1920s are a period of vigorous, vital economic growth. It marks the first truly modern decade and dramatic economic developments are found in those years. There is a rapid adoption of the automobile to the detriment of passenger rail travel. Though suburbs had been growing since the late nineteenth century their growth had been tied to rail or trolley access and this was limited to the largest cities. The flexibility of car access changed this and the growth of suburbs began to accelerate. The demands of trucks and cars led to a rapid growth in the construction of all-weather surfaced roads to facilitate their movement. The rapidly expanding electric utility networks led to new consumer appliances and new types of lighting and heating for homes and businesses. The introduction of the radio, radio stations, and commercial radio networks began to break up rural isolation, as did the expansion of local and long-distance telephone communications. Recreational activities such as traveling, going to movies, and professional sports became major businesses. The period saw major innovations in business organization and manufacturing technology. The Federal Reserve System first tested its powers and the United States moved to a dominant position in international trade and global business. These things make the 1920s a period of considerable importance independent of what happened in the 1930s.
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The growth of the nation's economy during the 1920s was called .?
The growth of the nation's economy during the 1920s was called urbanization.
The growth of the nations economy during the 1920s was called?
The growth of the nation's economy during the 1920s was called urbanization.
Why was the u.s. economy so important to the world economy in the 1920s?
Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.
Why was the economy so important to the world economy in the 1920s?
Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.
What industry had the biggest impact on the economy in the 1920s?
Automotive
Why was the U.S economy so important to the world economy in the 1920s?
U.S factories produced half of the world's industrial goods.
The growth of the nations economy during the 1920s was called?
The growth of the nation's economy during the 1920s was called urbanization.
The growth of the nation's economy during the 1920s was called .?
The growth of the nation's economy during the 1920s was called urbanization.
Why did immigrants in the 1920s immigrate?
there are many reasons why people could have immigrated in the 1920s. it was probably because the economy in the USA was very good, but the economy wasn't very good in Europe. Alone with that answer, some immigrants (such as the Irish) came to the U.S. because of famines, or because of religious persecution.
What product was the backbone of American economy in 1920s?
a
Why was the u.s. economy so important to the world economy in the 1920s?
Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.
Why was U.S. economy so important to the world economy in the 1920s?
Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.
Why was the U.S. economy so important to the world economy in 1920s?
Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.
Why was U.S economy so important to the world economy in the 1920s?
Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.
Why was the economy so important to the world economy in the 1920s?
Why was the U.S. economy so important to the world economy in the 1920s? U.S. factories produced half of the world's industrial goods. The United States owed money to other countries at that time. U.S. citizens imported more goods than any other country. The United States was owed money by other countries.
What industry had the biggest impact on the economy in the 1920s?
Automotive
What word describes Americans economy in the 1920s?
fluctuating
