The United States experienced ferocious economic and social growth during the decade known as the "Roaring Twenties."
The Great Depression in America during the 1930s began in earnest when the stock market crashed in October 1929, bringing the era to an abrupt and dramatic end. Economic turmoil followed as the US economy contracted by more than 36% between 1929 and 1933, as assessed by Gross Domestic Product (GDP). Customers of several bankrupt U.S. banks lost their funds as a result, and the unemployment rate increased to over 25% as a result of job losses. Companies saw significant success in selling to Europe in the early part of the 1920s as it recovered from World War I.
Low unemployment and the widespread use of autos led to the creation of jobs and economic efficiency.
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