America in the 1920s is often described as being a period of optimism and prosperity for the American economy - hence the moniker 'Roaring 20s'. Following the devastation suffered in Europe during WW1, America was advantageously placed to become the leading global economy. The advent of mass production, credit, the laissez-faire attitude of the Federal Government towards big business and consumer goods all helped to fuel an economic boom. Indeed, by the mid-1920s, the American economy was growing at 7% per annum on average. However, to what extent can the American economy in the 1920s be classified as 'Roaring'? Did all sections of American society benefit from this boom? In this context, 'Roaring' can be defined as a period characterised by optimism and prosperity.
In this episode, Patrick argues that 'roaring' is an apt description for the American economy in the 1920s, while Elliott argues to the contrary.
For terms of use, please visit www.versushistory.com
