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The 1920s, known as the Roaring Twenties, brought economic prosperity and social change. It is considered a renaissance and a new era in US history. We will explore this belief further. The Roaring Twenties ushered a new sense of life, an elaborate celebration. For many, the decade was a period of economic prosperity and social change, and is often recognized as a renaissance of sorts. For the next hour, we will examine the historian's belief that the 1920s marked as a new era in United States history.