History11 - Capitalism: The American Experience 1907-1941: Business & Politics

Roaring Twenties was the period of the 1920's in the United States. The Roaring Twenties were years of rapid economic growth, rising prosperity for many people, and far-reaching social changes for the nation.

Whilst European economies suffered during the First World War, the USA experienced significant growth. US banks loaned money to Europe and businesses sold much needed goods. The war also provided a stimulus for inventions in production, materials and advertising. Immediately after the war there was a small slump but from 1922 the USA experienced an unprecedented economic boom.

The essence of the Coolidge presidency was its noninterference in and bolstering of American business and industry. Government regulatory agencies, such as the Federal Trade Commission, now were staffed by people who sought to assist business expansion rather than to police business practices.