Emergence Of Modern America: The Roaring Twenties - The Economy

After WWI, the US faced an economic slump. Presidents Harding and Coolidge promoted big business, leading to prosperity. Coolidge's laissez-faire policies allowed business to thrive, with low unemployment and rising wages. The stock market boomed as Americans invested heavily, often on credit. This era marked a third Industrial Revolution, with rapid industrialization and urbanization, as more Americans lived in cities than rural areas for the first time.

Describe the changes in employment and wages in the United States between 1923 and 1928.

What was the significance of the Industrial Revolution in shaping the economy of the 1920s?