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Economic prosperity was only prevalent in North America and occurred for two main reasons:

1) The Second Industrial Revolution, which severely increased the productivity of the United States in key industries.

2) Increasing use and incidence of investment and use of credit by common people.

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Q: What was the economic prosperity of the 1920s was based on?
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The stock market crash of 1929 put an end to the prosperity of the 1920s in the United States.


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