Part 1/10:
The Rise and Fall of the Soviet Economy
The 1920s marked a significant period in global economic history, characterized by unprecedented growth following the end of World War I. Known as the "Roaring Twenties," this decade saw the United States leading the charge with an explosive economic expansion fueled by mass production and the introduction of electricity. The U.S. economy alone grew by an impressive 42 percent from 1920 to 1929, as major economies around the world began to flourish. However, this era of prosperity was abruptly curtailed by the catastrophic market crash of 1929, leading to the Great Depression, which devastated economies across the globe, wiping out years of growth and plunging many nations, including the United States, into severe economic turmoil.