How Did The Early Twenties Affect The Economy

Heavy consumer borrowing was a part of both the booming twenty’s and the modern economy of today world. The twenties were the true beginning of consumer finance. The technology and manufacturing growth in the early twenties was unprecedented. The amount of goods far outnumbered the consumption of the goods. Techniques used to have the public purchase items was the financing of items. Particularly cars. Consumer debt starts to rise and the job markets starts to slow. Optimism backfired. Stock became overinflated, job growth stopped, consumer spending slowed drastically recession turns to depression. The current recorded economic today have showed cycles similar to the pattern displayed in the twenties.The only difference today is the government intervention when trends start to happen. …show more content…
I believe it could. I think that the early twenties can be considered like the childhood of capitalism for America. The prosperity that was occurring and advances that happen in relatively short time. Both in the form of government and in terms of the economy forged their own paths. In the modern world using that record of development techniques has been acquired to prevent relapses of the past. But what about our future.The internet has brought us to a new world. Just as the automobile changed the twenties.Technology advances are far ahead of our consumer consumption just as it was in the twenties. As innovative as American are new paths will be made. New mistakes with prosperity and with disaster will