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The NBER defines an expansion as a period when economic activity rises substantially, spreads across the economy, and typically lasts for several years. [1] During the 19th century, the United States experienced frequent boom and bust cycles. This period was characterized by short, frequent periods of expansion, typically punctuated by periods ...
The upheaval associated with the transition from a wartime to peacetime economy contributed to a depression in 1920 and 1921. The Depression of 1920–1921 was a sharp deflationary recession in the United States, United Kingdom and other countries, beginning 14 months after the end of World War I. It lasted from January 1920 to July 1921. [1]
The book was adapted into a six-part television documentary with the new full title Ascent of Money: Boom and Bust for Channel 4 in the United Kingdom. [2] It also aired on TVB Pearl in Hong Kong and ABC1 in Australia. [3] In the United States, an edited two-hour version was aired in January 2009 by PBS.
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The 1920s (pronounced "nineteen-twenties" often shortened to the "' 20s" or the "Twenties") was a decade that began on January 1, 1920, and ended on December 31, 1929. . Primarily known for the economic boom that occurred in the Western World following the end of World War I (1914–1918), the decade is frequently referred to as the "Roaring Twenties" or the "Jazz Age" in America and Western ...
In this clip, Kahneman and I discuss the psychology of the boom-bust economic cycle. Last month, I interviewed psychologist Daniel Kahneman, who won the Nobel Prize in economics in 2002 and ...
In short: The stereotypically boom-and-bust gold industry has grown up. Scale and cautious growth have become key parts of the corporate mining playbook—resembling the strategies of oil and ...
The Roaring Twenties was a decade of economic growth and widespread prosperity, driven by recovery from wartime devastation and deferred spending, a boom in construction, and the rapid growth of consumer goods such as automobiles and electricity in North America and Europe and a few other developed countries such as Australia. [18]