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Choose whether the given statement is true/false:

Mass production helped the US recover from the post-war economic crisis.

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a

True

b

False

answer is A.

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Detailed Solution

The above statement is true.
The World War had resulted in an economic boom or a significant rise in demand, output, and employment. When the wartime boom ended, production fell and unemployment rose. Following a brief period of economic difficulty in the years following the war, the US economy resumed its tremendous development in the early 1920s. Mass production was a significant characteristic of the 1920s US economy. The transition to mass manufacturing began in the late nineteenth century, but it became a defining feature of industrial production in the United States in the 1920s. Hence, the statement is true.

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Choose whether the given statement is true/false:Mass production helped the US recover from the post-war economic crisis.