The Economic And Political Issues Of The 1920s And 1980s Essay

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The phrase history repeats itself can be seen as true when comparing at the economic and political issues of the 1920s and 1990s. Both of the time periods were periods of strong economic growth followed by a severe economic downturn. By looking at various issues it can be argued that the periods were very similar to each other. The economies and cultures of the 1920s and 1990s are parallel to one another. Strong growth, rapid innovation, and a booming stock market were seen during both the 1920s and the 1990s. Both the 1920s and the 1990s were seen as bringing on a “new” economy. The technological changes during these times were seen as the driving force behind a faster growing economy and a rapidly rising stock market (White). During the 1920s Henry Ford blazed the way with the model T, selling more than 15 million of them by 1927. The automobiles popularity along with the construction of roads and highways poured money into the economy and brought about tremendous economic growth ("1920 's vs. 1990 's”). They pioneered mass production techniques and the key was the use of assembly line production. Other new technological industries during the 1920s included the radio, movies, aircraft, electric utilities, and banking (White). All of these new inventions led to great economic boom. There was also great technological improvement during the 1990s. Technological developments brought about a wide range of new-sophisticated electronic products. Computers became popular and…

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