Jazz Age Research Paper

900 Words2 Pages

The Jazz Age is remembered as a time where people were ridiculously rich, loved to party, and where going to go against what was thought to be acceptable.
After World War I there was a short Achilles’ heel in the economy because the country was trying to re-adjust as the veterans came back into their everyday life. In around 1921 however, current Commerce Secretary and future President, Herbert Hoover convinced the major industrial leaders to increase wages and production to get the economy out of this slump. This proved to work because by 1922 the economy was booming. Almost everyone during this time seemed to have money to spend and some of the reason for that was a new method of buying items called hire-purchase. Hire-purchase is where you do not have to pay up front for an item, so instead you pay payments on the item with interest. The stock market was doing great during this time giving amazing returns to the less than one percent of people who were investing in it. Since there was less than one percent of the people investing the stock market really only benefited the wealthy, and this is why it was a great time to be rich. The rich continued to get richer. It also was a great time to be a part of middle-class America. During the twenties wages were raised nearly twenty percent for urban workers. It was usual for middle-class Americans to own cars, washing machines, radios, and a few other conveniences that made their lives a little easier. The middle-class during this time was able to own much more than the decades before them. With all of the money people had it seemed to create a common theme of men and women going out to parties, and spending plentiful amounts of money.
This time was most commonly referred to as the ...

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... still popular today. Hemmingway was thought to be the leading literary figure of his decade. The people of this time enjoyed this literature because they could relate to the distrust in what used to be their moral guideposts, and they felt the need to go against the conformity and materialism as well.
All great things must come to end and that’s exactly how the wealth during the “Jazz Age” could be described. In 1929 the stock market crashed losing billions of dollars in assets. The crash only directly affected the one percent who had invested, yet it caused cut backs in the industrial production which had extinguished the once booming economy for the entire country. The “Jazz Age” was now over and the “Great Depression” had begun and this was a drastic change for the people of this time, almost everyone became broke and adapting their new life style was tough.

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