Research Paper: Roaring Twenties

The 1920s was an age of drastic social and political changes. For the first time in history, more Americans started living in cities rather than on farms. Americans were wealthier than ever before. People from coast to coast bought similar goods, listened to the same music, did the same dances, and even used related slang. Numerous Americans were uncomfortable with this unfamiliar, urban, and occasionally racy “mass culture”. In fact, for a large number of people in the United States, the 1920s brought more conflict than celebration. However, for a minuscule handful of youth in the nation’s larger cities, the 1920s were roaring. Prohibition gave criminals a way to illegally make money; gangsters, young men who worked in criminal gangs, began selling on the black-market alcohol. Young woman emerged during the 1920s with different appearance, attitude, and behavior; with a bobbed haircut and short skirts.

F. Scott Fitzgerald once stated,“The parties were bigger, the pace was faster, the shows were broader, the buildings were higher, the morals were looser, and the liquor was cheaper” (“30 Famous The Great Gatsby Quotes”). The time after the war known as the Roaring Twenties harbored change for not only the economy but for the people also. Credit materialized, becoming available for citizens to use on new products such as the vacuum cleaner and the washing machine which allotted more time for the people to have to themselves. The 1920s, a time of celebration and prosperity, eventually ended as a result of a sudden economic crash, because of the effects from the times.

The Roaring Twenties is known as an age of parties, jazz, and overspending. After World War I, the optimistic American people reacted by celebrating and overspending. They purchased new appliances such as cars, radios and refrigerators; they purchased luxury items like clothes and invested in stocks. Their new attitude towards the booming American economy was carefree, leading to a series of events. First the stock market crashed. Next, the banks failed. Then, companies laid off employees who were unable to make the payments on the items they purchased. Tariffs and droughts further complicated the situation. This decade became known as the Great Depression, because the economic setbacks impacted everyone and everything. But the question is “Why did Americans lose so much money in such a short period of time?” One answer is, the failing stock market. A second is unregulated banking systems which allowed for buying on margin. Third, the lifestyle following World War I was too materialistic. The Great Depression was caused by Americans failing to responsibly manage their money.

The 1920s was known for its prosperous and flamboyant lifestyle. The GDP during that time had risen by 30 percent and unemployment was as at an all-time low of 3 percent. This was not meant to last forever. In fact, it was nearly impossible for this to last any longer than it did due to an imbalance that society was unaware of including that not every citizen was experiencing this uncommon wealth. There were still 3 percent unemployed and even some of the employed members of society did not make enough to support a family and were considered homeless. It was in October of 1929 when this so-called luxurious lifestyle vanished as the stock market crashed at a time when the stock market seemed it would never stop increasing. This caused an economic, downhill, rolling ball effect. Those who took out loans to invest in stocks could not afford to repay the banks causing the banks to fail and close down. When the banks closed down, the depositors of that bank lost their life savings causing them to go broke and some company owners to close their doors. This led to a loss of jobs by the employers of those companies. This time period was known as the Great Depression and rightfully so. It is the most significant setback in the American Economy to date. The Herbert Hoover administration was in effect at this time giving the society an easy target to blame. Come time for the next election in 1932, Americans were ready for a change in authority to bring them out of this seemingly black

The Roaring Twenties were a time of new behaviors, attitudes, and freedoms which were all presented during the Prohibition. The Roaring Twenties were an era of social, political, and dramatic change. During this age, freedoms were expanded yet, in some cases, they were diminished. Prohibition was an enormous part of this era. Prohibition was ratified as the 18th Amendment in 1919, banning the manufacture and sale of alcohol. The three main contributions from Prohibition were: bootlegging, organized crime, and the failure of Prohibition. Prohibition very much contributed to the atmosphere of the Roaring Twenties in a detrimental way to society by creating a period of time in which even the average citizen broke the law.

The Roaring Twenties of America, which was from 1920-1929, saw a great social and economic prosperity. People were happy, and were celebrating the victory of World War 1. The gasoline price was lowered, right to vote for women was granted, and America was climbing towards a great success. In 1929, Herbert Hoover became the president of the United States of America, and he said, “ Given a chance to go forward with the policies of the last eight years, we shall soon with the help of God be in sight of the day when poverty will be banished from this nation”(Roark, Pg. 703). After few months of his inauguration, his words contradicted, the Roaring Twenties halted. During the Roaring Twenties, the stock market prices increased steeply. The rapid

The 1920s is notorious for being a good time, with its reputation of being full of fun parties and extravagant living. Those wealthy enough were able to enjoy that along with all the other changes in American culture. In the 1920s the use of installment buying, credit, and stock market investments became a typical part of life. Technology that improved home life, like vacuums and radio, were desired, and these shifts in culture added to the stigma that good times would continue forever. The American people were not aware that common habits in the 1920s would lead to the Great Depression in the 1930s, during which unemployment reached over 25%, the economy struggled, and the fun times ended. The Great Depression was caused by experts that encouraged

After the wealthy and roaring 1920s, America entered one of the hardest economic crises in history in the late ‘20s and early ‘30s. The majority of people sank below the poverty line, but through the government and Franklin Delano Roosevelt (known as FDR), America was able to endure this time of struggle. The Great Depression lead to organizations such as the Public Works Administration and the National Recovery Administration which helped when so many Americans were unemployed, and struggling to stay healthy.

J. Paul Getty describes the 1920s as “ … the period of that Great American Prosperity which was built on shaky foundations.” The 1920s was an age that consisted of many social and political changes throughout America. The changes occured dramatically in these three different topics: economics, racism, and women’s suffrage. It created more jobs and more opportunities for the American people, fixed the major problems of racism against African Americans, and changed women's norms by making the “housewife” perspective less common, and driving more women towards a rebellious era. These three changes of the 1920s made it to become famously known as “The Roaring ‘20s.”

The 1920’s also known as “The Roaring Twenties” went through may drastic changes. The roaring twenties are remembered as a time of great technological advancement, prosperity, and social change. Women started standing up for themselves, alcohol was being banned, and technology was getting more advanced. This was the decade after world war 1 ended. More americans were living in cities than on farms because of all the business that started up north.

During the 1920’s America was experiencing great economic growth. As WWI was ending Americans were out of energy. For almost 100 years they had been facing the problems of sectionalism, civil war, reconstruction, imperialism, and WWI. By the end they were ready to just sit back and party. Demand sky-rocketed and brought great economic growth. Americans failed to see the great problem looming overhead though. The Great Depression was caused by a combination of factors- a natural slowdown of the business cycle, weaknesses of the 1290’s economy magnified the slowdown, the republican response failed to help, a great environmental disaster, and the collapse of the world economy all contributed to the cause of the Great

The “Roaring 20s” was a time of joy and excitement. Despite the prohibition law that banned all alcohol, America was at its peak. The first radio commercial had been broadcasted, Babe Ruth had hit 60 home runs, and almost everybody was dancing the Charleston. Nobody expected that such a “grand” era would lead to one of America’s worst economic downfalls, known as the Great Depression. How could America’s peak lead to such a dreadful economic trough? Most people probably think that the stock market crash of 1929 is the only cause of the Great Depression, but in fact, several factors had contributed to the Great Depression. The Great Depression was caused by speculation and installment buying, international payment problems, and uneven income distribution.

The economic expansion of the 1920’s, with its increased production of goods and high profits, culminated in immense consumer speculation that collapsed with disastrous results in 1929 causing America’s Great Depression. There were a number or contributing factors to the depression, with the largest and most important one being a general loss of confidence in the American economy. The reason it escalated was a general misunderstanding of recessions by American policymakers of the time.

The Roaring Twenties is known as a time of prosperity due to consumerism and mass-production from the years 1920 to 1929. This era in American history could be considered one of the most excessive times to date. Because of the United States’ triumph in World War I, the country had its first involvement of being a world power. The increase of consumer goods greatly impacted the U.S. economy during this time of success. Also, the start of the airline industry along with the expansion of automobile manufacturers helped profit banks. Several Americans became dependent on the newly developed methods of payment, which eventually became the American standard way of living. The quest to achieve this ideal lifestyle also known as the American Dream led to a severe shift in the nation’s economy. Through both fiscal and monetary policy along with laissez-faire tactics, the Roaring Twenties ended with the 1929 Wall Street Crash, which was the precursor to the worst economic decline in history, The Great Depression.

Everything always comes to an end; the Roaring Twenties came to an end on October 24, 1929 with the stock market crash. The world was a different place in the years of 1870-1914. John Maynard Keynes called it an economic utopia, products and raw material moved relatively easily, as well low tariffs. Immigration also saw a little red tape and many immigrants moved without many problems, which in turn left labor behind from the countries they left behind. At the time Britain was the number one lender providing the necessary capital for infrastructure, for example roads, canal, and railways. This enabled developing countries to pay back the loans and increase. The causes Great Depression were a numerous but let’s start with World War I and the Treaty of Versailles 1919. After the war the U.S. started to implement quota limits on immigrants and even band all Asian. Furthermore, war loans were not productive and destroyed the ability of the country to pay back the loads. Also the Treaty of Versailles did not offer any means to go back to the period of 1870-1914 and place the burden of the WWI in Germany. When the League of Nation came to be the United States were asked to join and lead the world but the U.S. declined. Also the U.S imposed high tariffs on imports, which all other countries followed the U.S example making things worse. In America credit started to dry up , one the loans to Germany, which Germany used to pay reparations to France and Britain, which France and