Explanation: The war ended on November 11, 1918, and America's economic boom quickly faded. Factories began to ramp down production lines in the summer of 1918, leading to job losses and fewer opportunities for returning soldiers. This led to a short recession in 1918–19, followed by a stronger one in 1920–21.
sole proprietorship
This is a business, unincorporated,run by an individual with no distinction between the owner and the business. The owner is not only entitled to all the profits but also,in case business goes wrong, is responsible solely for the losses. In addition, there is no distinction between the owner and the debt, such that in case the business goes into debt the responsibility for paying these debts rests on owner.
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