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The Roaring Twenties was a decade of great economic growth and widespread prosperity, driven by recovery from wartime devastation and postponed spending, a boom in construction, and the rapid growth of consumer goods such as automobiles and electricity in North America and Western Europe and a few other developed countries such as Australia.The economy of the United States, which had successfully transitioned from a wartime economy to a peacetime economy, boomed and provided loans for a European boom as well.
The media focused on celebrities, especially sports heroes and movie stars, as cities rooted for their home teams and filled the new palatial cinemas and gigantic sports stadiums.
In most major democratic states, women won the right to vote.
Harding brought back normalcy to the politics of the United States.
This era saw the large-scale use of automobiles, telephones, motion pictures, radio, and electric appliances. The economies saw rapid industrial growth, accelerated consumer demand, plus significant changes in lifestyle and culture.
At first, the end of wartime production caused a brief but deep recession, the post–World War I recession of 1919–20.