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The U.S. economy thrived in the 1920s due to a combination of factors, including technological advancements, increased consumer spending, and a booming Stock Market. Innovations like the assembly line and electric appliances enhanced productivity and created new consumer goods, driving demand. Additionally, the post-World War I economic boom and the rise of consumer credit facilitated widespread spending, further fueling economic growth. However, this prosperity was underpinned by speculative investments, which ultimately contributed to the stock market crash of 1929.

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3w ago

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