How Did The Economic Change In The 1920's

One of the wildest decades in American history. The Roaring Twenties, the period between 1920 and 1930. Social morals were being spun on its head. The economy had big changes, booms, and crashes, and politics During this time there were a variety of economic, social, and political ideas that shaped the decade. During the roaring twenties, there were lots of economic, social, and political changes. The stock market is an easy way to get rich quickly. You could buy stock on a margin, meaning you borrow money from a stock broker to purchase stock and you only had to put down 10% of stock value, this made the stock market very accessible to everyone which is why over 1 million people were invested in the stock market, however buying stock on margin

American families view them as four-wheeled dreams. Another great example of an invention that changed social aspects in the 1920s is the radio. Radio was transformed from scratchy crystal sets listened to only by hobbyists to the highlight of family entertainment. Most people had a radio, radio also created jobs for people as announcers on the radios to deliver news and announcements to radio listeners. One huge political change during the 1920’s was the banning of sale and purchase of alcohol under the 18th amendment, Prohibition. People couldn’t sell alcohol, but people would still drink it until the Volstead Act, which banned the consumption of alcohol. Prohibition also had a huge social impact on the 1920’s, directly and indirectly. Prohibition created thousands of secret illegal taverns called speakeasies In the mid-1920s, the New York City chief of police estimated that 32,000 “speaks” operated in his city alone. A secret knock and hushed words such as “Tommy sent me” admitted a customer to a speakeasy. Prohibition caused more people to start drinking than before prohibition was in effect. Everyone wanted to rebel against the new law, no one wanted to be told what to

Just a few years earlier, a properly attired lady wore a dress that hugged her neck and flowed down to her ankles. During the twenties, necklines plunged and hemlines rose to reveal a woman’s knees. Women who dressed in such a shocking manner were called “flappers”. Another example of social changes in the 1920’s is the change from slow classical music to fast-paced jazz music. Perhaps the most lasting art form to emerge in the Roaring Twenties was the uniquely American style of music known as jazz. In fact, another nickname for the 1920s is the “Jazz Age.” An outgrowth of ragtime, blues and black spiritual music, jazz drifted out of the South and found devoted fans in northern cities. Black musicians were the inventors of jazz. One example of a political aspect of the 1920’s was The Red Scare. The Red Scare was a fear of our country turning to communism. We were most afraid of this because we didn't want to lose our right to own private property. We thought immigrants and immigrant workers would try to convert the country to communism. Immigrant workers would go on strike for better wages, but Americans would see them as communist threats to