The economic boom of the 1920s

你需要知道的

• After the First World War, America entered a period of prosperity known as the Roaring Twenties.
• Radio advertising and new goods such as vacuum cleaners, washing machines and Ford's Model T fuelled a consumer boom.
• Banks lent freely, so many Americans bought goods on credit and even borrowed money to buy shares.
• Share prices rose much faster than real production, a warning sign of speculation.
• By 1929 production and wages were slowing while the stock market kept climbing.

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