Great Depression In The 1920's

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The Stock market crash was not the only reason the Great Depression happened. There are social, political and economic factor that lead to The Great Depression during the 1920’s. The 1920’s are called the Roaring Twenties. During these times women got the right to vote, business and manufacturing industries started to expand, most people were able to buy a radio for entertainment (Eric Foner, Give Me Liberty,811). Political factor that led to Great depression was the Federal Reserve system, which was established in 1913 by Congress. The central bank loaned money to commercial banks. In the process of stopping the Wall Street speculation, Federal Reserve system increased the interest rate excessively to the point America was leading to recession.

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