Following World War I, American society experienced a period of significant economic boom, often called the "Roaring Twenties," marked by increased consumer spending, rapid industrial growth, and a shift in social norms, while also facing a brief but severe economic downturn in 1920-1921, characterized by inflation and unemployment, before the overall prosperity set in; this was largely due to the U.S. emerging as a major global economic power, with returning soldiers contributing to a robust la