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.

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