Question

During the 1920's, the united states economy moved through which phase of the business cycle?

Answer 1

The correct answer is A: Expansion. During the 1920's the American economy moved through a period historically know as the Roaring Twenties. The government policies of Protectionism, and the developing of the Assembly Line of Production, and the access to credit, among other measures, led to a period of economic boom. During this period, new technologies were developed, being the Ford T model car one of the most noticeable.