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In: Economics

In what way were the 1990s like the 1920s? Also, list multiple ways in which the...

In what way were the 1990s like the 1920s? Also, list multiple ways in which the two were different

Solutions

Expert Solution

The goal is to understand the similarities and the differences between the two decades: the 1990s and 1920s.
The resemblances between both the decades are that there were economic booms, the level of joblessness and were really low, and the stock exchange was increasing rapidly. The 1920s ushered in the period of mass intake, the auto became extremely common, and the connection of electricity and telephones were supplied to most of the houses. Whereas in the 1990s, just the brand-new family home appliance was the Personal computer system.
The decade of the 1920s was of mass production; whereas the decades of the 1990s were of personalized production. The significant difference between both the decades was that the stock exchange crash in 1929 resulted in the Great Depression of the 1930s, while the New Economy that started to take off in the 1990s has actually continued to soar well into the new millennium.

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