Key term for AQA GCSE History, used in America: Opportunity and Inequality (1920–1973).
A self-reinforcing economic loop where mass production lowers prices, increasing demand, which in turn creates more jobs and higher wages.
Cycle of Prosperity appears in AQA GCSE History revision content for Period Studies, especially America: Opportunity and Inequality (1920–1973) and The ‘Boom’.
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