As a nation coming out of a devastating war, America faced many changes in the 1920s. It was a decade of growth and improvements. It was also a decade of great economic and political confidence. However, with all the changes comes opposition. Social and cultural fears still caused dichotomous rifts in American society.
The 1920’s was a very prosperous period for many Americans. Food production increased 64 percent, worker productivity increased by 40 percent, electricity sales doubled, fuel consumption more than doubled, and pay was increased for many industrial workers (Davidson, 2008). With the soaring economy and new items hitting the shelves all the time, American consumers were living the high life. Even if you wanted something and did not have the money you could simply get it on credit and pay for it later. After all, the economy was showing signs of immense economic prosperity with productivity at an all time high what could go wrong. Construction soared with the building of new skyscrapers, suburbs, and road construction. The automobile became cheap enough for almost any average family to afford. “Traffic jammed the nation’s highways and created a need for gas stations, roadside restaurants, tire manufacturers, and other businesses” (Roaring Twenties, 2011). The New York Stock Exchange’s “rising share prices encouraged many people to…buy shares in hope of making large profits following future price increases” (Mitchener, 2011). However, despite the booming prosperity of technology, consumer spending, economic growth, and a complete change of culture, there were still many that did not share the prosperity of others. “Prices of farm products fell by about 40 percent in 1920 and 1921” (Mitchener, 2011) which caused farmers to have to borrow a lot of money from the banks to keep their farms going. When farmers could not pay their debts they either had to move or rent their homes from the banks. Many of these banks went out of business from 1921 to 1929. Americans had no idea that their booming economy was about to c...
The 1920s were a time of leisure and carelessness. The Great War had ended in 1918 and everyone was eager to return to some semblance of normalcy. The end of the war and the horrors and atrocities that it resulted in now faced millions of people. Easily obtainable credit and rapidly rising stock prices prompted many to invest, resulting in big payoffs and newfound wealth for many. However, overproduction and inflated stock prices increased by corrupt industrialists culminat...
The most influential decade on contemporary was the 1920s because of the contribution in transportation technology, the advantage of credit, and the change in women’s freedom.
The 1920s were a time of leisure and carelessness. The Great War had ended in 1918 and everyone was eager to return to some semblance of normalcy. The end of the war and the horrors and atrocities that it resulted in now faced millions of people. This caused a backlash against traditional values and morals as people began to denounce the complex for a return to simplicity and minimalism. Easily obtainable credit and rapidly rising stock prices prompted many to invest, resulting in big payoffs and newfound wealth for many. However, overproduction and inflated stock prices increased by corrupt industrialists culminated until the inevitable collapse of the stock market in 1929.
The Roaring Twenties was America’s golden age. F. Scott Fitzgerald once said,“The parties were bigger, the pace was faster, the shows were broader, the buildings were higher, the morals were looser, and the liquor was cheaper” (“People” PBS). The cultural undertone of the twenties was very different from the times before and during World War I. “ For the first time, more Americans lived in cities than on farms…people from coast to coast bought the same goods…listened to the same music, did the same dances, and even used the same slang” (“Roaring” History). The Twenties was a time of social and cultural change. During this time, things like the automobile and jazz became more popular and mainstream. These things were possible because America
The Great Depression altered American social fabric in the 1930s greatly. With unemployment peaking at 25% in 1933 (Beyer), a large percentage of people in our country were struggling to provide for themselves and their families. As a result, crime rates soared. With many unemployed women, prostitution was on the rise. Suicide rates rose dramatically. Alcoholism became rampant, and many people switched from using expensive cigars to cheaper, but less safe, cigarettes. Enrollment in college dropped dramatically, with many schools shutting down completely. Changes in the areas of wealth, education, rate of employment, crime and regional values dramatically the social fabric of our country in the 1930s and beyond.
Prior to the Great Depression the United States was flourishing with technology and consumer spending. The Roaring Twenties brought much cheer and prosperity to the economy. The invention of the automobile, radio and motion picture brought higher wages and more jobs. When families wanted to forget about their troubles for a little while, they would usually go see a movie. Some films were The Wizard of Oz, Snow White and the Seven Dwarfs, and Gone with the Wind. Music was also an entertaining way to distract you from everyday life problems. Women were dressing differently and trying to gain a better place for themselves in the work force. Their views and mannerism were also changing.
The Great Depression was most likely the most distressing economic catastrophe in history of the United States. As the 1920s continued, a number of people were forced to face severe problems that threatened the economy. In spite of the fact that quite a few people became wealthy, several others could hardly scrape up to maintain a satisfactory living standard. Numerous significant businesses struggled to survive. Consumers were caught with deep debts. As the 1930s drew near, it was obvious that the economy was wavering.
Following the relatively prosperous era nicknamed the "Roaring Twenties" came the Great Depression. Unemployment skyrocketed and good times were hard to be found. In the movie "It's a Wonderful Life" - we see the transformation from stability to utter chaos.