Business+and+Economy-2

Business/Economy

The Roaring Twenties is traditionally viewed as an era of great economic prosperity driven by the introduction of a wide array of new Consumer goods. The North American Economy, particularly the economy of the US, transitioned from a wartime economy to a peacetime economy; the economy subsequently boomed. The United States augmented its standing as the richest country in the world, its industry aligned to mass production and its society acculturated into consumerism. In Europe, the economy did not start to flourish until 1924. In spite of the social, economic and technological advances, African Americans, recent immigrants and farmers—along with a large part of the working class population—were not much affected by this period. In fact, millions of people lived below the poverty line of US $2,000 per year per family. -Wikipedia



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