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Wednesday, March 27, 2013

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The Economic Boom The economical boom (the period of economic prosperity typically military positiond
between 1921-1929) was caused by an expanding upon in industry, which led
to much jobs and an increase in disposable income. Many changes took
place in the 1920s. Growth of mass business in industry,
technological advances, and the increasing efficiency of delve boasted
a gain in industrial production by over 60%.

Because of this leisurely economy, the wealth of a typical family
skyrocketed and led to the consumption of more consumer products. As a
result of an improvement in three factors of production (machines,
factories, and standardized mass production), national personal income
rose dramatically, pay were up, workdays and workweeks were shorter,
industrial production doubled, and there was a steady expansion of
economic growth.

A new name was given to the ex of the 1920s to reflect the
prosperity and the new opportunity presented in the moment of World
War I. Under president Warren G. Harding, , who urged a product to
normalcy after the war, many conservative policies (especially
regarding taxes, tariffs, immigration restriction, labor rights, and
business regulation) shaped the face of the post-war world.

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Marked by
corruption and scandal, Hardings judgeship lasted until his
death from a stroke in August, 1923.

While doing belittled as Hardings vice president, Calvin Coolidge acted
quickly to repair the damage caused by the Harding scandals and was
easily elected as president in 1924. just about of his popular policies
included cutting federal taxes and maintaining high tariffs..

sooner being elected to the presidency in 1928, Hoover had served as
repository of commerce under both Harding and Coolidge. Helped by the
prevailing prosperity in major areas of the country, Coolidge
continued many of the popular policies upheld by Harding and Coolidge.
Having been in office just a few months when the big(p) Depression
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