Similarities Between The 1920s And 2000s

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The dual stock market rise and fall and the real estate bubbles of the 1920s and 2000s were very similar. The decade during the 1920s marked the flourishing of modern mass-production, mass-consumption economy, which delivered unprecedented profits to investors while also raising the living standard of the urban middle- and working-class. The 2000s marketed the development of the new e-commerce economy, which delivered high earnings for investors during IPOs of some of the biggest tech companies such as Google and Yahoo. According the US Census, home ownership rates in this country rose rom 47.8% in 1930 to 66.2% to nearly 70%in 2006. (US Census) While homes were primarily owned by upper class Americans during 20s, the 2000s gave rise to

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