Following WWI in North America and most of Europe there was a recession that led to economic decline. The recession in the United States did not last long and was followed by nearly a decade of major economic growth that made the United States the most powerful economy in the world.
After WWI, America's economy initially experienced a boom characterized by industrial growth and a rise in consumer spending during the 'Roaring Twenties'. However, challenges such as agricultural struggles and inflation hinted at underlying instabilities, ultimately leading to the stock market crash in 1929. These factors contributed to profound economic changes in the following decade.
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