Characterize the general economic conditions in the United States during the decades of the 1920s and 1930?

The 1920s was a decade of hope for the Americans. During this period, the standard of living improved as automobiles, trains and other new modes of affordable transportation gave rise to the suburbs. People were more relaxed and wanted to enjoy life as the economy was doing well during the early years of this decade. In the 1930s, people were still reeling from the effects of the Great Depression as many were unemployed due to the closure of businesses and factories. As a result government expanded its programs and policies to resolve the situation by establishing various programs to reform the economy.