"The New Era," as it was called, ushered in a time of prosperity and happiness.
World War I was over. Peace was expected to be permanent. Economic prosperity spread across the land. Depressions were thought to be a thing of the past.
It truly was a new era. Life was changing rapidly. Radio was becoming a popular pastime. Numerous inventions were sweeping the land. Automobiles were made affordable by Henry Ford's radical new idea, the assembly line.
The great enthusiasm for this new found economic prosperity drove the stock market to incredible heights. It rose 497 percent in just eight years.
But the prosperity would not last. Worldwide economic depression was not far ahead.