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During the 1920s, the United States economy moved through which phase of the business cycle?

Deborah Edwards

in History

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1 answer

Amanda Johnson on April 16, 2018

Expansion During the 1920s, the economy of the united States experienced a huge growth and became the richest and most productive economy in the entire world. Therefore, during this time, the economy entered a period of the expansion. However, in 1929 a major depression plagued the American the economy that led to the massive reduction, therefore, this period of in large measure, is defined as a period of expansion of the which was a peak in the business cycle before the Great Depression.

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