Question

Question 3

Which phrase describes the American economy immediately after World War I? (5 points)
O slow but steady
O sharp but brief recession
O decade-long depression
O period of unprecedented boom
Question 4
5 pts
5 pts

Answer 1

The American economy immediately after World War I was characterized by a period of unprecedented boom.

Step-by-step explanation:

The phrase that describes the American economy immediately after World War I is 'period of unprecedented boom'.

After the war, the United States experienced a period of rapid economic growth known as the Roaring Twenties. The country saw a surge in industrial production, leading to increased consumer spending and a booming stock market. This economic boom was fueled by factors such as technological advancements, increased access to credit, and a rise in consumer confidence.

However, this period of prosperity was not sustainable, and it eventually led to the Great Depression in the 1930s.

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