Compare and contrast The Roaring Twenties Era to the era of First World Wars/Spanish American War.

The three areas were positive in the sense that the economy was healthy, although not necessarily for the right reasons. The roaring twenties were much more positive in overall terms because no war was involved.

Explanation:

The booms of the First World War and the Spanish American War were caused by the military needs for the war, which stimulated the industrial economy that the United States had been developing since the early nineteenth century.

The boom of the Roaring Twenties was boosted by a credit expansion from the Fed instead, due to a policy of low interest rates, and loose financial regulation.

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