History Of Economics

Running Head : HISTORY OF ECONOMICSComparing the States s Economy in the mid-twenties and the Current Economic SituationNameUniversityCourseTutorDateAbstractThe the Statesn saving exhibited impressive economic branch 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 the States run through influenced the current government structure size , and economy alternatively than the Roaring Twenties and the Great mental picture . At the beginning of the 1920s , the United States was converting from war metre to intermission time economy at the time weapons for World contend I were no longer useful . In this ecstasy , America beca me the richest nation in the world and a shade of consumerism was innate(p) People spent money for better roads , touristry , 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 mental hospital funds into the economy . This resulted to tremendous economic prosperity . engineer science enhanced communication with the first public home existence established , KDKA , the year 1922 introduced the first movie make 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: OrderEssay.net

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