Comparing The Roaring Twenties And The Great Depression

After World War 1, America had to demobilize and revert back to a peace time economy. During the 1920’s, it was viewed as a prosperous economy since there was a new labor force due to demobilization, new inventions, and a new infrastructure. Also moral spirits were high since America along with the Allied Powers defeated Germany and the Great War was finally over. However, America began making many economic policies and decisions that will eventually lead up to the Great Depression.

Rarely has the world seen such a unique decade in time as the Roaring Twenties. It was an age of prosperity and change. The United States experienced a recession that was followed by a period of unlimited prosperity. Although the United States encountered both positive and negative experiences, it proved to be very influential in the future. The 1920's were definitely "Roaring" in more ways than one. There were major changes in American Society during the 1920's that took place. Many new industries emerged during this decade that influenced society and the American way of life. Even the federal government had different feelings about the business industry. The characteristics of this decade made the 1920's

The 1920’s are commonly referred to as the Roaring Twenties. Many factors during the time played significant roles in earning the decade this name. Economic conditions and developments in the arts and entertainment were some of the most impacting among these factors. Economic conditions and developments in the arts and entertainment helped create the reputation of the 1920’s as the Roaring Twenties. Economic conditions gave people a feeling of economic prosperity. They also allowed people to buy a lot of things on credit. Developments in the arts and entertainment created a culture of free expression by granting women the ability to express their opinions more clearly than they were able to in years prior and encouraging jazz and dancing.

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 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

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 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

The Roaring Twenties were a time of wild enjoyment, loud music and booming economy. In 1920, for the first time in American history, more

The Great Depression was a time of great economic tragedy during the 1930’s. October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more than 16 million more shares were traded in another wave of panic. Many investors then lost confidence in their banks and demanded deposits in cash which forced the banks to liquidate loans in order to supplement their on hand cash reserves. By 1933, around 15 million Americans were unemployed and nearly half of the country’s banks had failed. This stopped Americans from purchasing which then led to less production of goods and decreased the amount of needed human labor. In the end, millions of shares ended up worthless, and those investors who had bought stocks with borrowed money were wiped out completely.

Although our current generation has vastly progressed and advanced since the “roaring 20s,” there are countless attributes in which both eras directly resemble one another. These periods were the focal points of advancements in technology, women’s rights, and culture. The groundbreaking advances in technology for both generations had sparked a whole new outlook on our nation’s future ahead. Women’s rights were also a major turning point for education and the workforce, both in the 1920s and the modern day. Lastly, the influence of many individuals in the cultural communities of the “roaring 20s” and the modern day have greatly impacted the foundations of art, music, and sports. Without a doubt, the way of life for individuals in both eras have extremely similar concepts, where both seem to focus on establishing a progressive and strongly developing future.

The period of time before The Great Depression and after World War I was called the roaring twenties. From 1920-1929 the nations wealth prospered greatly and its citizens fell into a more relaxed “consumer society” where people from across the nation would all buy the same things

During my investigation I had a difficult time finding sources for my question. At the beginning of my research I began searching for the styles of art during the Great Depression and Roaring Twenties. I did this because I intended to base my research on the question ;’What was the change in visual art from the Roaring 20’s and the Great Depression in the United States?’. After finding information of the question, I realized that my question was mostly about the history of art and I could not go into depth about it as a historian would. This is when I changed my question to ‘What was the impact of the Roaring 20’s and the Great Depression on visual art in the United States?’. After I altered my question I started researching for more sources

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.

America’s Great Depression is believed as having begun in 1929 with the Stock Market crash, and ending in 1941 with America’s entry into World War II. In order to fully comprehend the repercussions and devastating effects of the Crash of 1929, it is important to examine the factors that contributed to the catastrophic event which led to The Great Depression. The Great Depression was the worst economic slump in U.S. history, and it spread to most of the industrialized world. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920s, and the

The average stock price tripled from 1925 to 1929. However, the stock market took a definite change of direction on October 24, 1929 when a record 16,410,030 shares were sold. This abrupt stock market crash led to the next decade, known as the Great Depression (“Roaring Twenties”).