Answer:
(i) The housing and
consumer boom of the 1920's created the basis of prosperity in the US.
(ii) Large investments in housing and household goods
seemed to create a cycle of higher employment and incomes, rising consumption
demand, more investment and yet more employment and incomes.
(iii) In 1923, US
resumed exporting capital to the rest of the world and became the largest
overseas lender.
(iv) US imports and
capital exports also boosted European recovery and world trade and income
growth over the next six years.
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