USA the locomotive of the world economy

"The powerful economic might of America from 1920 to October 1929 is frequently overlooked or simply shadowed by the more exciting topics such as Prohibition and the gangsters, the Jazz Age with its crazies and the Klu Klux Klan. However, the strength of America was generated and driven by its vast economic power.

In this decade, America became the wealthiest country in the world with no obvious rival. Yet by 1930 she had hit a depression that was to have world-wide consequences. But in the good times almost everybody seemed to have a reasonably well paid job and almost everybody seemed to have a lot of spare cash to spend".

(Taken from: Historylearningsite.co.uk)

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