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Despite the relatively short period of time, the period represented an era of significant changes worldwide. Petroleum-based energy production and associated mechanisation expanded dramatically leading to the Roaring Twenties, a period of economic prosperity and growth for the middle class in North America, Europe, Asia and many other parts of the world. Automobiles, electric lighting, radio broadcasts and more became common among populations in the developed world. The indulgences of the era subsequently were followed by the Great Depression, an unprecedented worldwide economic downturn that severely damaged many of the world's largest economies.
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WTO IN BRIEF. In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
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