There are a lot of similarities and differences between the post World War 1 era and the post world war II era. I would say that there are more similarities than differences.
After World War I in the beginning of the 1920’s the U.S. economy was on a path to destruction. A huge number of people began to become unemployed and the unemployment rate soared. The reason for the unemployment rate skyrocketing was due to wartime orders being depleted, and soldiers were overflowing the work force. Unemployment rates had hit a high of 12 percent in 1921. Railroad companies in the west were suffering and companies were being abandoned for the cheap labor of the south. People in the farming industry continued to find themselves in debt. They were in a competitive market with other countries and ultimately were trying to outdo them. This caused the farmers to go out and purchase new machinery such as plows, tractors, and anything else needed to produce better crops. The purchases of the new machinery put farmers in debt. The overproduction of crops were reducing the price of the crops, therefore crops holders were not bring in the revenue to pay for what was being expended.
People in the United States would not go out with a fight. They fought hard and the economic development was on a rise, and continued to be up and down the rest of the 1920’s. New economic expansion was also on a rise. This rise was mainly due to the use of electric energy. People were regaining their jobs and spending more. They now had money to use one extra activities of their choice. With people spending more other places such as theaters and restaurants began to blossom creating more jobs for people in these types of businesses. Women began to enter the work force at a vast rate. By the end of the 1920’s there were a total of 10.8 million women who held a respectable paying job. The 1920’s marked years of spending. People were spending money at rate like never before....
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