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The crash, boom and bust, with lots of excess and spending were the boom years. All of these led to the Great Depression in 1929.
The post war prosperity boom increased the economic gap between white and non-white Americans. Discrimination in jobs and housing led to the disparity. The Federal housing laws in those days endorsed discrimination in financing, insurance and sales.
The American Cotton Boom was a increase in the need of cotton which came and led to many technological advancements. The increase of cotton led
As the president, Coolidge demonstrated his determination to preserve the old moral and economic precepts amid the material prosperity which many Americans were enjoying, he refused to use Federal economic power to check the growing boom or to ameliorate the depressed condition of agriculture and certain industries.
North Carolina has an abundance of products produced in the state. Although off-shore and the economic boom in foreign countries have decreased the amount of products manufactured, the state produces large amounts of furniture, textile, tobacco, and nursery stock.