Running Head : HISTORY OF ECONOMICSComparing the States s Economy in the 1920s and the Current Economic SituationNameUniversityCourseTutorDateAbstractThe the Statesn economy exhibited impressive economic growth during the 1920s . Currently , some economists point that the economy is headed to a stagflation condition experienced in seventies . This compares and contrasts the two periods , in form of their economic situation and historyIntroductionFew periods in America have influenced the current government structure size , and economy rather than the Roaring Twenties and the Great mental picture . At the beginning of the 1920s , the United States was converting from war metre to peace time economy at the time weapons for World War I were no longer useful . In this decade , America became the richest nation in the world and a culture of consumerism was innate(p) People spent money for better roads , tourism , and holiday resorts .
Real estates booms sent land prices soaring (DeLong , 1997Looking at technology , it played a vital role in delivering the economic and cultural good times that most of America enjoyed during the 1920s The automobile s popularity , construction of roads and highways , poured fresh creation funds into the economy . This resulted to tremendous economic prosperity . engineering science enhanced communication with the first public station existence established , KDKA , the year 1922 introduced the first movie made with sound- The have a go at it singer . It is in this time that the United States became a fresh middle-class economy of radios consumer appliances , automobiles and suburbs . Mass production had made the...If you postulate to get a full essay, order it on our website:
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