Question

What was the economic system of the United States in 1920’s and 1930’s?

Answer 1

The stock market crash of October 1929 initiated a long economic decline that accelerated into a world catastrophe, the Depression of the 1930s. By 1933, 14 million Americans were unemployed, industrial production was down to one-third of its 1929 level, and national income had dropped by more than half.