How did prosperity of the 1920s give way to the Great Depression

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Weston Grant

History

25 June, 10:01

How did prosperity of the 1920s give way to the Great Depression

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Courtney Carroll · Answer 1

During the 1920s, many Americans enjoyed what seemed like an endless era of prosperity. But in 1929, the stock market crashed. Production fell, unemployment rose, and the economy went into a period of dramatic decline. Years after the Great Depression began, periodic contraction was seen as part of the business cycle.