American Society In The 1920s Research Paper

The economy of the United States in the 1920s was a mere facade. It started off strong, but ended disastrously. Though there were plenty of inventions, all the prosperity was on the front because a stock crash put it all to an end. This uncovered the truth that was hiding behind the prosperity, the economy crumbling. When the Second Industrial Revolution began at the end of the nineteenth century, it lasted into the early twentieth century, profoundly transforming the American economy. With the increased use of electricity, a wide range of new appliances were developed. With new manufacturing techniques, new items were introduced to the market at a quick pace during this period. In the article by Baripedia about American Society in the 1920s

Stated in the article about American society in the 1920s by Baripedia, “Economic inequality persisted, with many Americans still living in poverty or facing economic hardship” People being unable to afford their installment plans left them in poverty adding onto the hardships. However, people in the 1920s had more money than earlier generations. Following the factors that drove the continuous rise of the American economy, it is clear that the 1920s was a small period of “prosperity” in America compared to the decades before. In the source Digital History they state, “The United States accounted for nearly half of the world's industrial output. For many groups of Americans, the prosperity of the 1920s was a cruel illusion.” This demonstrates that though the United States was playing an important role in the economy of the world, many families in the states were feeling the effects of the false prosperity that was being held up to the world. In addition, on October 29, 1929, the stock market crashed. This day is known as “Black Tuesday”. Every stock sank, and wealth came crashing