American Economy in 1920`s
The 1920s have been called the Roaring '20s and for good reason. Not only was American culture 'roaring' in terms of style and social trend the economy was roaring as well. New technologies like the automobile, household appliances, and other mass-produced products led to a vibrant consumer culture, stimulating economic growth.
The 1920 depression hit farmers very hard. Prices had been bid up with the increasing foreign demand during the First World War. As European production began to recover after the war prices began to fall.