9 mai 1894 - LTA #1

Description:

-The boom was caused by the end of World War I
-New inventions like the auto assembly line made goods available at reasonable prices.
- A big part of the Gilded Age was banking.
-People are getting better jobs and making more money to but things
-Banks use monetary policy to keep a boom going. They aim for an ideal growth of between 2% or 3% and a core rate of 2% or less. If there is more than that the economy risks going into peak phase of the business cycle. That causes inflation, bad investments, and too much debt.