Question

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how was the US economy resumed its strong growth in the early 1920 explain with example ​

Answer 1

The US economy resumed its strong economic growth with the help of a new economic policy called consumerism .

↪ There was a great economic crisis after the First World War .

↪ From there USA 's consumerism pulled the country to great development .

↪ The stock market played an important role in the increase of economy .

↪ Improvement in banking was seen .

↪ There was prosperity among the markets and consumers .

↪ Hence the time period was called the Roaring Twenties since the development of economy started from 1920 .

An example of the same is the economic policy followed by Asian Countries .

The countries of India and China boosted their economy using the same policy .

It led to strong growth of economy .

Answer 2

Explanation:

The US economy resumed its strong economic growth with the help of a new economic policy called consumerism .... Hence the time period was called the Roaring Twenties since the development of economy started from 1920 . An example of the same is the economic policy followed by Asian Countries .