No, technically speaking it is false that industrial production fell due to a lack of raw materials in Japan after WWI, since although Japan lacked a great many materials, they invaded foreign territories in order to make up for this deficit.
During the late 1800s and early 1900s the modern United States has resembled because of the following:
the period was characterized with technological breakthroughs, creation of new businesses, new inventions (example: light bulb) , new methods, new ideas, businesses primarily concerned with the economy.
