Sunday, April 18, 2010

U.S. Events

The Roaring Twenties: The roaring twenties was a time characterized by rapidly changing lifestyles, advancements in industry, and financial excesses. Automobiles were cheaper and were affordable for the middle class. In 1920, the nineteenth amendment gave women the right to vote, because of this women felt they had more social freedom. Women started to cut their hair short and wear shorter skirts, they smoked and drank, and they became more promiscuous. Buying on credit became popular during this time which would lead to the stock market crash in 1929.


The Great Depression: With the stock market crash in October of 1929 the United States was in economic turmoil. Many people lost all their savings when this happened. Businesses closed, banks failed, and by 1932 one out of four workers were unemployed. Another cause for the Great Depression was the overproduction of goods. During the twenties there was a high demand for goods and when demand decreased businesses ended up with an overabundent supply of goods.

No comments:

Post a Comment