This posting overview prosperity of the 1920s. It also debates whether or note the New Deal saved capitalism in the United States.© BrainMass Inc. brainmass.com October 9, 2019, 7:50 pm ad1c9bdddf
1. As you examine how prosperity was misleading, please note that technological developments and federal industry policies caused a strong sense of stabilization within the American economy.
Since working people saw higher income levels and improved standards of living, the prosperity sense was gained.
Please also note that because many Americans owned automobiles, radios, vacuum cleaners and washing machines during this era, a strong sense of prosperity permeated. Please also mention that electrification and consumer credit further created a façade of prosperity. There were other examples that poverty was ending, but these ideas are good starting points.
A great link related to this topic is http://memory.loc.gov/ammem/coolhtml/ccpres01.html
When looking at underlying factors that economic problems were imminent, please note that not all groups were ...
This posting examines the causes and effects of the Great Depression in terms of capitalism, prosperity, etc.