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Tag: Features of the  boom

O Level Revision : History - Boom, Depression and  Recovery in the USA: 1918-1939

O level History

O Level Revision : History - Boom, Depression and  Recovery in the USA: 1918-1939

zimsake   Apr 20, 2021  0  493

Boom is a rapid increase in economic growth; or a period when demand for goods is high, factories operate at full capacity, wages are high and unemployment is low. Recovery refers to a period when the economy goes back to normal.  New industries begin and the economy begins to experience normal growth again.

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