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Economy In Brave New World

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Economics in a Brave New World

“The roaring twenties.”, “The Jazz Age”, or more aptly named “The Golden Age Twenties”, was the economical boom following World War I. This later on led to the beginning of a global Great Depression in the early 1930s. During this time Aldous Huxley lived in England, and was influenced by new economic- and technological ideas as he published his book Brave New World. There are many reasons why the economical boom and the Great Depression affected the novel and its themes.
The economical boom happened a decade after World War I and was where an upsurge of consumerism brought great economic growth, which started in the 1920s. People bought new goods like automobiles and electrical devices that were mass produced to supply the demand for these new products. Also urbanization and new infrastructure helped boost the economy. Especially the United States benefited greatly from this time period and became the richest country in the world. The main reason for this was because America started capturing markets that had been before bought from Europe. Subsequently, the United States could provide loans also for an European economic boom. …show more content…

This was caused by the American stock market crash in 1929. This caused banks to close down, people’s savings to wipe out and also resulted in a high level of unemployment. This was caused by a sudden stop in consumerist tendencies. This was devastating because the suppliers had expected the same amount of demand and therefore had continued mass production of goods. This devastating collapse in the economy was a historical event and could be seen all over the world. The Great Depression was also seen in Great Britain where Aldous Huxley lived when he wrote Brave New World in

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The businesses starting to rely on stocks, overproduction, and purchasing of their own stocks led to businesses collapsing and the Great Depression

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In just a short span of time, so many people went broke, companies failed, lost jobs, and many struggled to eat. Some families even had their children take turns eating for a day or meal causing the children to become sick or extremely hungry. No human should have to go through that but the economy was just not in a position to support the people like how it is today. This was caused by many things but most importantly speculation, installment, and overproduction in many industries. Although

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The 1920s, known as the Roaring Twenties, was a time of economic distinction for the United States. An average of 95% of the population had jobs, giving them the freedom to own homes and cars with enough money leftover to enjoy a ballgame or a movie. Factories were in full swing, using the assembly line to produce goods at an all time high for a price lower than ever. However, the economic boom came to a halt. Factories began producing more than people were buying, creating an overproduction of goods.

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Even though people were enjoying the arts and culture, the economy was starting to weaken. Bringing us to the stock market crash of 1929. The collapse was caused by excessive production in extremely important sectors that increased. The market went down by 12%, only with Coca-Cola, Deere, and Archer-Daniels surviving the market drop. Many people went unemployed during this time and almost 400,000 farmers lost their farms as the farm income dropped 50%.

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