Question

Question 34(Multiple Choice Worth 2 points)

(LC)What happened to the U.S. economy immediately after World War I ended?
O It went into a brief recession.
O It entered a prolonged slump.
SIENSI
O It began a decade-long boom.
O It grew slowly for several years.

Answer 1

The U.S. economy went into a brief recession immediately after World War I ended, but soon entered a decade-long boom known as the Roaring Twenties.

Step-by-step explanation:

Immediately after World War I ended, the U.S. economy entered a brief recession. The war had led to an increase in government spending, which stimulated the economy. However, once the war ended, the government scaled back its spending, causing a decline in economic activity. This resulted in a temporary downturn before the economy eventually began a decade-long boom known as the Roaring Twenties.

Learn more about U.S. economy after World War I