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