Question

List and describe the major economic differences between 1990 and 1920?

Answer 1

Historical times are like snowflakes-no two are ever exactly the same. Nevertheless, the comparisons are very sobering when you consider the decades of the 1920s and 1990s, and the decades of economic turmoil that followed.

It has been a tumultuous decade for the Roaring Twenties. The Web of the day was radio. The Modern Age had grown. Everyone purchased inventories. Cab drivers and boys with shoe shine were giving tips on stock. Investors may purchase marginal stocks on the dollar for ten cents, and borrow the other 90 cents – highly speculative. The ordinary

But cracks began to show up in the economy by late 1927 and nobody cared. They've been too busy loving the stock market and booming real estate. Stocks plunged two years later. Contrary to common opinion, the October 1929 stock-market crash did not trigger the Great Depression. Two years ago, the economy had already begun turning around. The stock market crash was in fact just a result of the Great Depression, not the real cause. Beginning in October 1929, the stock market was on a brutal twenty-year run towards secular bear.

Although America's economy was devastated by the 1930s, many America rose to the opportunity. There were always fantastic discoveries. Major corporations have been born. An entire generation of savers learned how to live within their financial means. Debt was negligible. Yet America endured and became stronger amid the interminable government interference of the 1930s