In 1920 returned war veterans were entering the job market and in a couple of years unemployment would fall to 3 percent prices held steady, and the gross national product grew by 43 percent( Boyer pg 698). The boom was most noteably seen in the automotive business, with everyone buying a car on credit. Henry Ford and the Ford automotives would change the landscape of America. " Fordism" became a world wide term. (Boyer pg 700). How Americans ran their business, especially Ford, validated the American business might. The workers were paid a substantial amount at the time, 5 dollars a day.( history.org the age of the automobile). The automobile would create a demand for highways, roadside gas station...
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... with a crash. In october 1929 the stock market plunged sending the public into a frenzy. The people who had bought on credit lost everything even the wealthy had felt the effects. Millions of people would be without work or unemployed, businesses closed, banks went bankrupt, and farmers were being evected.
The crash ended a generation, however it seems fitting that a generation filled with dramatic trials, corruption, crime, and social rebellion would end in a dramatic way. The social changes and economic failures would be a leraning lesson for future generations. When looking back on this decade the words of Nick Carraway in the Great Gatsby ring true, " It eluded us then, but that 's no matter--to-morrow we will run faster, stretch out our arms farther.... And one fine morning-- So we beat on, boats against the current, borne back ceaselessley into the past."
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