History Of Economics

Running Head : HISTORY OF ECONOMICSComparing the States s Economy in the twenties and the Current Economic SituationNameUniversityCourseTutorDateAbstractThe the Statesn economy exhibited grand economic branch during the 1920s . Currently , some economists prognosis that the economy is headed to a stagflation condition experienced in mid-seventies . This compares and contrasts the two periods , in form of their economic situation and historyIntroductionFew periods in the States save influenced the current government structure surface , and economy alternatively than the Roaring Twenties and the Great belief . At the pedigree of the 1920s , the United States was converting from war duration to peace time economy at the time weapons for World War I were no longer useful . In this decade , the States became the richest nation in the world and a culture of consumerism was inwrought People spent money for better roads , touristry , and holiday resorts . Real estates booms sent land prices soaring (DeLong , 1997Looking at engineering , 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 humanity funds into the economy . This resulted to tremendous economic prosperity . technology enhanced communication with the first public station be established , KDKA , the year 1922 introduced the first movie made with sound- The hump singer . It is in this time that the United States became a pretentious middle-class economy of radios consumer appliances , automobiles and suburbs . Mass production had made the...If you deficiency to get a full essay, order it on our website: OrderEssay.net

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