Ask us anythingDuring the 1920s the US economy moved through which phase of the business cycle?

During the 1920s, the U.S. economy experienced a phase of expansion in the business cycle, characterized by significant growth, technological innovation, and increased consumer spending. This period, often referred to as the "Roaring Twenties," saw a rise in industrial production and a booming Stock Market. However, this expansion ultimately set the stage for the subsequent downturn, culminating in the Great Depression at the end of the decade.