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- An economic boom in US history refers to a period of rapid economic growth, increased wealth, and prosperity12. During the 1920s, the American economy experienced such a boom, characterized by business expansion, rising profits, and improved living standards1. Another notable economic boom occurred during the fifteen-year expansion that began in 19823.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.During the 1920s the American economy grew so rapidly that it became known as the 'boom'. Wealth increased and businesses became much bigger. What is an economic boom? An economic boom is when the wealth and prosperity of a country grows very quickly. Businesses make more profit and expand, and the standard of living rises.www.gcsehistory.com/faq/usaboom.htmlThe 1920s was a period of vigorous economic growth in the United States. That decade marked the beginning of the modern era as we know it. A rapid rise in prosperity induced sweeping changes in technology, society, and the economy.www.thebalancemoney.com/roaring-twenties-4060…In the United States the fifteen-year economic expansion that began in 1982, now called "the long boom" by economists, is the greatest economic boom in history--and it is still going.www.hoover.org/research/ten-causes-reagan-boo…
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See all 12 rows on en.wikipedia.orgDATES DURATION (MONT… ANNUAL EMPLOYME… ANNUAL GDP GRO… Oct 1945–Nov 1948 37 +5.2% +1.5% Oct 1949–July 1953 45 +4.4% +6.9% May 1954–Aug 1957 39 +2.5% +4.0% April 1958–April 1960 24 +3.6% +5.6% Feb 1961–Dec 1969 106 +3.3% +4.9% Nov 1970–Nov 1973 36 +3.4% +5.1% Mar 1975–Jan 1980 58 +3.6% +4.3% Jul 1980–Jul 1981 12 +2.0% +4.4% - https://takelessons.com/historyTakeLessons experts are ready to teach.Get a deal on a private or group lesson or browse on-demand content 24/7 for free.Promoted by Microsoft
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