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Differences Between The 1920s And 1930s

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The bigger they are, the harder they fall. This certain idiom describes the transition from the 1920’s to the 1930’s very well. At the end of the 1920’s the U.S. economy did fall, and with an economy of that size, the decade made an extensively large crater upon its failure. A crater that many of the middle class fell into. People used to be very wealthy, able to spend much of what they wanted, then everything changed when the stock market crashed. They then lost their hard earned cash that they “wisely” spent because of the upwards incline of the hill the U.S. economy was driving up . The steep cliff that the car ran off went below sea level, causing the push back up to be long and hard. The 1920’s, nice, pleasant, economic prosperity, “The Roaring 20’s”. Viewing the large contrast between the 1920’s and the 1930’s it is remarkable to think about the large difference between two decades. Politics in the 1920’s were largely republican dominant with presidents Harding, Coolidge, and Hoover. Ergo, the prosperity of the 1920’s was claimed by the republicans. Early 1920s were corrupt with the Ohio Gang and the Teapot Dome scandal. Women right’s increased throughout the 1920’s. More women went to college and were given higher paying jobs. But the biggest one was the right to vote. When the great …show more content…

The economy kept going up causing people to invest a lot into stocks for the thought of higher wealth. Jobs were high paying and the middle class flourished. Unfortunately all good things must come to an end. When the stock market crashed, many of those investments went to waste. Numerous people in the middle class became unemployed due to the lack of money floating around. This is called a bear market; the economy is going down so metaphorically the claws are pointing down. Men were too embarrassed to return to their family unable to

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However, this economic growth came to an end in 1929 when the stock market crashes, resulting in billions of dollars to evaporate. The roaring 20's twenties were met with the great depression. The 1930's was a challenging time in American history. Not only was this the time of the great Depression but also the Dust Bowl that occurred in the Central Plains, which caused large numbers of Americans to evacuate which led millions of refugees to move to California to look for work. The book Harvest Gypsies

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“Stocks look dangerously high to me” Allen states as he describes the opinion of a banker, who was beginning to lose trust in stocks that were supposed to make the poor rich. The mentality of the banker spread to more Americans who eventually pulled their money out of the market, which was a major cause of the stock market crash of 1929. Before the fear of the banker reached Americans, they were hopeful for their returns from the market as their stocks were reaching their peaks. During this time the “stock market underwent rapid expansion” where the prices skyrocketed and sparked hope for some investors. The articles helped to ensure the public that the time to pull out of the market was near.

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881 Words | 4 Pages

Joshua Youngworth Mr. Wall Period 4A 1-13-23 Stock Market Crash and the Great Depression Prior to the Great Depression stocks started to be purchased much more commonly as people assumed they could only gain profit from them. After the stock market crashed in 1929, the Great Depression soon began and the United States fell into a state of financial struggles. The Great Depression was a time where these struggles were common for tons of people all over the country and unemployment rates skyrocketed. The stock market crash caused the Great Depression because families couldn’t pay for anything, businesses started to fail, and banks closed.

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1053 Words | 5 Pages

During the Roaring Twenties many people had, as William H. Leuchtenberg said, ‘“get-rich-quick”’, [Doc 2]. And man people did get rich quick. Everybody wanted a piece o the pie that was economic prosperity, but that pie has to run out eventually. With this idea in the heads of millions of Americans extreme overexpansion of many aspects of society led to the “adversity soon demonstrated,” [Doc 1]. John D. Hicks cites just some of the factors that “account for the plunge from prosperity to adversity”.

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442 Words | 2 Pages

In the 1930's, Americans had a very tough time. They called this the Great Depression. It all started on October 29, 1929 when the stock market crashed. This day is also known as Black Tuesday. Black Tuesday hit Wall Street as investors got loans from the bank that they knew they couldn't pay back.

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“a series of corrections as the values of many stocks began to fall from their highs earlier in the decade”(Selby).People were afraid of the stock market crash,which led to the great depression in 1930s. During the 1920s when the stock market didn 't crash people had lot’s of money,many people wanted to change their fashion and

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135 Words | 1 Pages

Before the Stock Market crash of 1929, America went through a decade of prosperity and social change known as the Roaring Twenties. New fads and numerous inventions emerged throughout our country. Many people bought on credit and as a result, our economy flourished. However, many Americans failed to realize this would be one of the underlying causes leading to the Great Depression. For instance, “Most people bought, but many couldn’t afford to pay the full price all at once.

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During the 1930’s, America faced the worst depression in the nation’s history due to a number of factors. America just emerged from the 1920’s, which saw tremendous amounts of economic activity, although many Americans had poor spending habits and lacked the necessary economic knowledge to avoid losing their money. A common practice at the time was to take out loans from banks and invest the money into the stock market. This led to a sharp rise in the prices of many stocks due to the increased interest in investing in the stock market. The stock market eventually faced a crash in 1929 and many scared investors quickly sold their stocks which drove prices down greatly.

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Throughout the decade of the 1920’s, America went through a rollercoaster of events. By the end of this decade, the US had one of the best economies in the world, and all seemed well. However, on a day known as Black Tuesday, in which the stock markets crashed, the US plummeted into an era known today as the Great Depression. During this period, the US was in the worst economic recession it has known to date. Countless people have speculated about the origins of the Great Depression, but there are a few major reasons that stand out.

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The 1920’s: America’s Deterioration Although the 1920’s brought an economic boom and a monumental achievement in women’s rights, the 20’s were not beneficial to the United States of America. There is a widespread misconception that the 1920’s were an American golden age due to the economic success and progress in gender equality; however, America in the 20’s exemplifies the dangers of national complacency after major success. The 1920’s were harmful to America as a country because of the conflict over modernity, or old versus new, the rise of an exploitative consumer culture, the prevalence and promotion of racism, and the lack of respect and equality for women, even after their successful suffrage movement.

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707 Words | 3 Pages

The 1920’s and the 1930’s were two completely different life styles for everybody. Before going into great detail I would describe the 1920’s as the time of money, luxury, and extravagant parties. The 1930’s on the other hand were entirely different, it consisted of bankruptcy, jobless, starved, and sadness. The 1920’s opened doors for the lives of the African American people in Harlem.

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458 Words | 2 Pages

The decade of the 1920s is nicknamed the “Roaring Twenties” for various reasons. With the addition and fads of alcohol, fashion, movies, and more, the 1920s was bursting with excitement; with the new technology and “party” lifestyle, society became more outgoing and extroverted. Even though racism and the absence of women’s rights still existed at this time, the newfound way of life persuaded them to reach for their goals, even though they were both minority groups at this time. The Roaring Twenties are notorious for their colossal alcohol trend and their advanced technology and fashion. Drinking became so enormous that prohibition, a nationwide ban of production, importation and sale of alcohol, had to be created; however, this ban did not stop the citizens.

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292 Words | 2 Pages

The 1920s in America was described as the land of golden opportunities. It was referred to as the ‘Roaring Twenties’ because the name suggested a time of uncontrolled fun, and leading economy. In 1926 the government proclaimed that the standard of living was in what was known as a booming economy. The 1920s highlighted the era’s artistic, cultural, and social energy. During the 1920s normalcy came back to politics after the wake of overexcited emotional patriotism after WWI.

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1977 Words | 8 Pages

How did the Social Security Act Affect the United States? The United States fell into a major economic low point in the late 1920’s known as the Great Depression that expanded into the 1930’s. The preceding decade; however, was a time of economic prosperity and fortune for Americans in the United States. Improved jobs, wages, and technology allowed for increased wealth among most families in the U.S.

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70 Words | 1 Pages

The 1930s is a greatly understood decade in American history. In any case, the 1930s can be recognized as an exceptionally "scandalous" decade for America. This period in history was extremely troublesome for the United States because of different misfortunes that modified the generation and prosperity of the whole nation. These difficulties that influenced the nation were The Great Depression, The Dust Bowl, and the start of World War II.

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