Essay on The Collapse Of The Roaring Twenties

Essay on The Collapse Of The Roaring Twenties

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The “Roaring Twenties,” saw the biggest change in society, boom in the economy, and the downfall of a nation in just ten rapid years. In this time, America was at prosperity and a great social revolution took place to form the modern America. Right after the first World War, America decided to withdraw from most foreign relations to have full focus on its’ own citizens. There was a big scare with Communism, which was the Red Scare, where two Italian immigrants were given the death penalty. Then came Harding the president with all his scandals with the Teapot Dome being the biggest hit to his reputation. Then came Al Capone bootlegging alcohol after prohibition became a law, pooling in crazy amounts of black market money. In the end of these ten years, came the Big Bull market where many consumers were buying on margin, or credit, and when it came time to pay, the consumers did not have the income to pay back on their loans. It ended up causing the Stock Market Crash of 1929, where America saw a great depression in its’ country. This taught America to not repeat the same mistakes again, and made the 1930s a vastly different timeline.
Frederick Lewis Allen wrote all about this, the life in the 1920s, how society changed, in his book, Only Yesterday: An Informal History of the 1920s. The book is very informative from the perspective of a regular man. He wrote mostly about the social history of America, but still wrote a good amount of information on the economy and politics throughout the book. Frederick Lewis Allen was known as a great American historian, and wrote a few more books, and a sequel to this one as well. Only Yesterday: An Informal History of the 1920s became one of his best-selling books, and the most notable.
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...are slowly disappeared from the lives of the Americans, but that chapter could have been combined with the Red Scare chapter as the conclusion. The fourth chapter was uninteresting in terms of new information for the reader.
After reading this book, I would recommend it to a friend, because I for one, love the past and learning the history on how things came to be. This book does a perfect job in describing the greatest and worst times of America and its’ citizens. This book made me more interested on the stock market. How it crashed, and how there could have been so many actions to prevent it. Today, the stock market is slowly crashing, and if we were to have studied the 1929 Stock Market Crash more intensively, we could have maybe prevented the one coming. In conclusion, Frederick Lewis Allen wrote a terrific book on the 1920s, and I hope many others also read it.

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