Pros and cons of the economic development of the United States and European countries in 1920.

1920 was, in fact, the first year after which a stable international system of relations was established after the end of the First World War. The advantages in the development of the economy in the United States was that the state practically did not suffer at all during the hostilities, and therefore the country became the main world creditor for European countries. On the other hand, the deplorable state of other states did not allow the development of the American market. For Europe, the advantage was the ability to restart its economy, but at the same time, the disadvantage was the difficult conditions for economic recovery.