The economy in the United States in the 1920's varied greatly from European countries. After WWl, Europe struggled to rebuild. Europe had taken the brunt of the attacks and went into a deep depression. The United States in contrast boomed. The economy was better than ever before. Since no attacks had happened on American soil, we were able to mass produce consumer goods, etc. People were buying on credit, investing in the stock market, and moving to the city. Life was good in America; not so good in Europe.
The Federal Reserve Act is an Act of Congress that created the Federal Reserve System, and which created the authority to issue Federal Reserve Notes as legal tender
A thesis pretty much just explains what your argument is and why. an example would be America was justified in starting a war with icu because __ and ___
Answer:
The economy plummeted sharply in 1973
Explanation:
The economy actually grew in 1973 by 5.65%, but then it fell sharply, and fell byn -0.5 in 1974.
The reason for this drop was the 1973 oil crisis, after several Oil-exporting Arab Nations, launched an embargo against countries that had supported Israel in the Yom Kippur War, among these, the United States.
This embargo was very negative for the American economy, because the United States depended on these Arab Nations for its oil supply. Oil became scarce, which made energy, fuel, gasoline, and so on, more expensive. This naturally depressed economic activity because producing goods or services was now more expensive, or even impossible.
