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Chapter 40

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christina craig

on 24 April 2013

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Transcript of Chapter 40

Both the 1920's and the 1980's followed a period of high inflation that had depressed stock prices so capital gains income was high when they rose after the inflation went away, and the recovery from the recession and fall in unemployment produced high GDP growth rates for a few years, but neither decade had a booming economy like the post WWII decades. Both time frames featured disturbances within the force of foreign affairs.

In the 1980's and '90's, the United states experienced turbulence with the Middle East. In the 1920's, the United States suffered through war with Germany. In what ways might the 1980's and 1990's be compared with the 1920's in economic, social, and foreign polices? Did the economic boom of each period represent a genuine revival of American innovation, or was it fundamentally marred by the growing gap between rich and poor? Both of the time frames featured isolationism and conservatism.

Also both periods showcased a youth breaking the previous social norms and making their own new social rules The boom in the twenties, I believe, was indeed the growth of American innovation.

However the boom of the '80's was more due to the growing gap between rich and poor.
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