Submitted by koukla726 on November 12, 2007

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1920

The 1920 was a truly exciting decade in American economic history many may refer to as “life in the fast lane”. In all aspects of life, fashion, music, literature, economics, social reform and politics, things were happening, and happening fast. In the 1920s the ability to produce and distribute goods on a mass scale, aided by technological development and federal policies favoring industry, brought about a stabilization of the economy that led to wide prosperity. Working people at many income levels experienced a rise in their standard of living. From 1922 to 1928 the index of industrial production climbed 70 percent and the increased production widened the gap between rich and poor,...

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