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The US economy during the 1920s witnessed a period of prosperity and boom. The US experienced growth because of new technologies and mass production. During the First World War, the US supplied money, war materials to other European countries. After the war, the money and interests paid by the European countries to the US made the country immensely wealthy. Lowered tax, higher wages, and credit led to a rise in the consumer culture, making the country economically stable.
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