The Great Depression In The 1920's

724 Words2 Pages
bulb-icon

Recommended: Summary of the roaring twenties

The 1920’s came in with a golden roar and introduced a new look: Bombs on Wall Street, increasing popularity of the Ku Klux Klan, Prohibition, and introduction of new economic resources. Some individuals felt they were losing the good life to new forms of leisure and economics. There was trouble with other organizations, prohibitions, and mass consumption that was making individuals backlash against each other and the government. Many were on top of the world and lavishing in the golden twenties until 1929 when the stock market crashed causing the Great Depression. The 1920’s were a lesson learned on how to go from riches to rags almost overnight. On September 20, a bomb blast went off outside the J.P. Morgan offices on Wall Street. No …show more content…

Prosperity definitely put the “roar” into the 20’s. Detroit was being deemed the motorcar capital of America and Henry Ford applied fully the technique of the moving assembly line known as Fordism. The petroleum business experienced an explosive development and because of it allowed the power that enabled humans to be able to fly an engine powered plane. The radio waves allowed millions of voters rather than thousands to listen to the pleas and promises candidates, while the flickering movies were allowing some actors to earn $100,000. Many actors were more widely know than the nation’s political leaders. October 1929 a catastrophic stock market crash occurred and just two months afterward the crash stockholders had lost $40 billion. This was more than the cost of World War I. It humbled many investors and caused more than 4 million to be jobless, homeless and hungry. Many were buying luxury items that would need to be liquidated just to supply food for the family. This type of economy proved to continue for several more years after the crash causing many to look for jobs and continue to try to

Show More
Related

  • The Inevitable Causes Of The Great Depression

    863 Words  | 2 Pages

    During 1928, the stock market continued to roar, as average price rose and trading grew; however as speculative fever grew more intense, the market began to fall apart around 1929. After the stock market crash, a period began that lasted for a full decade, from 1929 to 1939, where the nation plunged into the severest and the most prolonged economic depression in history - the Great Depression. During this inevitable period, the economy plummeted and the unemployment rate skyrocketed due to poor economic diversification, uneven distribution of wealth and poor international debt structure.

    Read More

  • Sara Smolinsky in The Bread Givers

    1005 Words  | 3 Pages

    During the early 1920s the Great Depression took place. The Great Depression affected many people's lives. The immigrants caught the worst of it. They had just come from another country and were trying to start their new lives when the depression hit. They had to struggle once more with poverty and desperation in taking care of their families, the main reason they had left their old countries was to escape the same epidemic that was now overtaking ?the land of the free?. Immigrants, such as the Jewish immigrants, had to live in poverty-stricken ghettos without the necessities they needed to live healthy lives. The 1920s was the time of rapid change, it was the time of risque fashion, it was the time of which that if you were rich and had all the latest fashions then you were ?in? but if you did not then you were an outcast.

    Read More

  • Great Gatsby Dialectical Journal

    1258 Words  | 3 Pages

    The 1920s or the roaring twenties was post World War I and before the Great Depression. Unfortunately, not everything was pleasing for the 1920s, as this time period experienced social, economic, and cultural alterations that affected the lives of Americans. One reason I would not enjoy living in the 1920s was because during this time a law prohibition was passed abolishing the manufacture, sale, and transportation of alcohol and liquors which led to bootlegging and high crime.The 20’s were a very time changing era. Personally, I think things were to uncontrolled and especially for young women living the cities of America. They could now

    Read More

  • Only Yesterday Sparknotes

    1073 Words  | 3 Pages

    So basically, the 1920's or “Roaring Twenties” was a time of major change for America as a nation. Just following the Great War America was on the fast track to new times. There was the model t car, the stock market boom and crash, the banning of alcohol, the radio, jazz music, women seeking independence, Americans seeking higher education, union strikes, the red scare, the death of President Harding and many more. Many people say this was an enjoyable time of constant dancing and entertainment galore, while others would say that the hardships of racism and poverty made this time period one of struggle and hardships. While others only remember the 1920's as the creation of mickey mouse or babe Ruth. This decade truly was “The Roaring Twenties”.

    Read More

  • 1920s: The Roaring Decade

    1722 Words  | 4 Pages

    The 1920s was a time of conservatism and it was a time of great social change. From the world of fashion to the world of politics, forces clashed to produce the most explosive decade of the century. It was the age of prohibition, it was the age of prosperity, and it was the age of downfall.

    Read More

  • Market Watch: Regulation of the Stock Market

    1666 Words  | 4 Pages

    The 1920's, after the end of World War I, was considered a time of prosperity and technology with innovations such as the car and radio ushered in the . The economy was strong and millionaires were being created daily. But soon this economical bubble was about to burst.

    Read More

  • The Great Depression

    944 Words  | 2 Pages

    Great Depression was one of the most severe economic situation the world had ever seen. It all started during late 1929 and lasted till 1939. Although, the origin of depression was United Sattes but with US Economy being highly correlated with global economy, the ill efffects were seen in the whole world with high unemployment, low production and deflation. Overall it was the most severe depression ever faced by western industrialized world. Stock Market Crashes, Bank Failures and a lot more, left the governments ineffective and this lead the global economy to what we call today- ‘’Great Depression’’.(Rockoff). As for the cause and what lead to Great Depression, the issue is still in debate among eminent economists, but the crux provides evidence that the worst ever depression ever expereinced by Global Economy stemed from multiple causes which are as follows:

    Read More

  • What Are The 1920's So Iconic

    529 Words  | 2 Pages

    Imagine a life where new innovations, entertainment, social progression, and culture are exploding all at one time. In the beginning, in the 1920's were actually like this. Jazz, cars, movies, and other things are what made the 1920's so iconic. However, that astonishing life with new culture and innovations was also a time of organized crime, poverty, and devastation.

    Read More

  • The Great Depression

    915 Words  | 2 Pages

    October 29th, 1929 marked the beginning of the Great Depression, a depression that forever changed the United States of America. The Stock Market collapse was unavoidable considering the lavish life style of the 1920’s. Some of the ominous signs leading up to the crash was that there was a high unemployment rate, automobile sales were down, and many farms were failing. Consumerism played a key role in the Stock Market Crash of 1929 because Americans speculated on the stocks hoping they would grow in their favor. They would invest in these stocks at a low rate which gave them a false sense of wealth causing them to invest in even more stocks at the same low rate. When they purchased these stocks at this low rate they never made enough money to pay it all back, therefore contributing to the crash of 1929. Also contributing to the crash was the over production of consumer goods. When companies began to mass produce goods they did not not need as many workers so they fired them. Even though there was an abundance of goods mass produced and at a cheap price because of that, so many people now had no jobs so the goods were not being purchased. Even though, from 1920 to 1929, consumerism and overproduction partially caused the Great Depression, the unequal distribution of wealth and income was the most significant catalyst.

    Read More

  • The Great Depression

    1204 Words  | 3 Pages

    The Great Depression was a period, which seemed to go out of control. The crashing of the stock markets left most Canadians unemployed and in debt, prairie farmers suffered immensely with the inability to produce valuable crops, and the Canadian Government and World War II became influential factors in the ending of the Great Depression.

    Read More

  • Roaring Twenties And The Great Gatsby

    942 Words  | 2 Pages

    The 1920s in America, known as the "Roaring Twenties", was a time of celebration after a devastating war. It was a period of time in America characterised by prosperity and optimism. There was a general feeling of discontinuity associated with modernity and a break with traditions.

    Read More

  • Pros And Cons Of 1920's

    1298 Words  | 3 Pages

    It was the best of times, it was the worst of times, it was the age of production, it was the age of destruction, it was the epoch of nativism, it was the epoch of racism, it was the season of skepticism, it was the season of anti-communism, it was the spring of gain, it was the winter of loss – in short, it was the 1920's. Indeed, the decade of the 1920s was a truly “roaring” and prosperous time, but at the same time, it was a period of chaos and conflict. The events that happened during this decade influenced the world as we know it today. More importantly, the thought that the 1920’s was an era of major change in the United States, both positive and negative, is indeed fascinating and it deserves thorough examination.

    Read More

  • American History: Boom to Bust: 1920-1929

    903 Words  | 2 Pages

    The twenties were a time of economic boom, but this boom would end in a crash. It was a good time to be an American, but it only lasted so long. The stock market crash was a blow to the American economy that would not easily be healed.

    Read More

  • The Great Depression in "Cinderella Man"

    1586 Words  | 4 Pages

    The stock market crash of 1929 was the primary event that led to the collapse of stability in the nation and ultimately paved the road to the Great Depression. The crash was a wide range of causes that varied throughout the prosperous times of the 1920’s. There were consumers buying on margin, too much faith in businesses and government, and most felt there were large expansions in the stock market. Because of all these positive views that the people of the American society possessed, people hardly looked at the crises in front of them.... ...

    Read More

  • 1929 Stock Market Crash

    1392 Words  | 3 Pages

    On Tuesday, October 29th, 1929, the crash began. (1929…) Within the first few hours, the price fell so far as to wipe out all gains that had been made the entire previous year. (1929…) This day the Dow Jones Average would close at 230. (1929…) Between October 29th, and November 13 over 30 billion dollars disappeared from the American economy. (1929…) It took nearly 25 years for many of the stocks to recover. (1929…)

    Read More

More about The Great Depression In The 1920's

Open Document