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Economic causes and impacts of the stock market crash of 1929
Economic causes and impacts of the stock market crash of 1929
Economic causes and impacts of the stock market crash of 1929
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1920s Music
Did you know that the 1920s has many different names for it such as the Ballyhoo Years, the Roaring Twenties, and the Jazz Age? In the twenties people were listening to the swinging music known as jazz that made the 1920s appear to have a happy, wonderful aura, but not everything was what it seemed to be. Around this time new things were occurring and changes were being made for the better of Americans, but a few of these new occurrences had their downfalls which led to a depressing period as time went on. In spite of this, in the twenties there was jazz music that made the decade brighter during the harder times, for example; Prohibition, the stock market crash, and the beginning the Great Depression.
At the start of the 1920s it was the
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decade of change, discovery, and confidence, but near the end of the twenties there were events involved that caused the loss of confidence and optimistic feelings during this time, but some of that loss came near the end of the 1920s.
In 1920 Prohibition started because the 18th amendment of the Constitution made it illegal to have, sell, or make alcohol, but as a result, the ratification of the 18th amendment caused one of the most violent and lawless periods in American history ( Events, Volume 6 ). As a result, Americans created speakeasies which are illegal saloons that required a spoken password to enter, people called bootleggers sold liquor such as moonshine, and people made liquor in their own homes (Events, Volume 6). On October 24, 1929, the stock market crash occurred which destroyed the financial structure and devastated many who had lost a large sum of fortunes. The stock market is a place to purchase
stocks and during the 1920s multiple orders for selling continued to go up while the prices went down rapidly (Hanson, Erica) which caused the New York Stock Exchange to lose a third of its value (Berg, A. Scott). In 1929 the Great Depression began and during this time people lost their jobs, banks closed, and problems started becoming worse, such as economic instability and inadequate government safeguards (Hanson, Erica). The start of the Great Depression was when people became unemployed and the banks were closing due to the use of unethical practices (Hanson, Erica). The majority of these events were part of the major cause of the people of the 1920s losing their confidence and optimistic feelings near the end of the 1920s. During the 1920s music and dances were becoming popular. One type of music that was becoming a popular genre was jazz and artists such as Al Johnson, the Gershwin brothers, and King Oliver’s Creole Jazz Band, were popular jazz musicians in the 1920s. Some popular songs of the 1920s were: “West End Blues”, “Swanee”, “My Mammy”, and “Fascinatin’ Rhythm” (Berg, A. Scott). In the twenties new dances were becoming popular during the 1920s, such as the Charleston, the shimmy, and the fox-trot (Hanson, Erica). The Charleston is a fast type of dance that became popular in 1923 and it involves intricate positions such as crossing your hands on your knees (Hanson, Erica). In 1927, The Jazz Singer, the first talking movie came out featuring Al Johnson a famous jazz singer of the decade. The Jazz Singer is about the story of a Jewish cantor’s son who wants to become an entertainer (Berg, A. Scott). Jazz music, the Charleston dance, and The Jazz Singer made the decade brighter during the 1920s. The events of the 1920s had impacts on society, both good and bad. In 1920 when Prohibition started a man named Irving Berlin wrote a song called “I’ll See You in Cuba” (“Broadway”). This song is about a country where a man who wanted a drink could still get a drink after January 1920 (“Broadway”). At the start of Prohibition speakeasies, which were gangster-run nightclubs were created to illegally serve alcohol, listen to jazz music, and allow blacks and whites to socialize (“Early Jazz 1900-1930”). As a result, rival gangs used violence in order to control the business and criminals became rich (Events, Volume 6). At the start of the Great Depression most music businesses started shutting down due to lack of money (“The Great Depression”). However, because the majority of music businesses shut down all kinds of music could be listened to for free, especially jazz (“The Great Depression”). The twenties had its ups and downs, but music in the jazz age had people swinging to the music during the good and bad times. Jazz in the twenties brightened the feelings of people in the darker times and continued as the decade went on to the 1930s.
In the year 1920, Prohibition was established. It was came with the 18th amendment. This banned the distribution of alcoholic beverages. Criminals saw this as an opportunity. It was a way to make easy cash. Criminals would import it, manufacture it, steal the product, and then sell it for a lot of profit. Alcohol was extremely popular, and there was a lot of business to be made. Especially since there was no legal competition since it was now banned, there would be no tax on the product and merely all the money made was for the person to keep. Bootlegging was the name given to this criminal behavior. Criminals and gangsters were flourishing with all the profits that were being made from bootlegging alcohol.
The 1920s was a decade of rapid expansion, wealth, envy, and greed. This is a time during which life felt as if it was moving in fast forward. Its basis was money and the extravagances that money could buy. America went under a radical change and social reform. America is becoming more industrialized, more Americans lived in cities than in the countryside. The development of technologies like radios, mo...
The Jazz Age which is also referred to as the Roaring Twenties began after World War I took place and lasted until 1929, when the Great Depression began. The 1920s opened up a world of change to Americans; some did not approve and others, especially those in the big cities, celebrated with music and dance every day. There were numerous inventions that were being created throughout the 1920s and because of nationwide advertisement; people all over America were able to buy all the same stuff as one another. But unfortunately, times were different for those that lived in Colorado.
In the beginning of the twenties America was in the midst of an economic boom, people were happy- World War I was over and Americans were rich. But by the end, because of prohibition, and in large part because of the stock market crash, the American economy quickly declined into the Great Depression. During this time the 18th Amendment- prohibition- was passed. Prohibition's supporters were initially surprised by what did not come to pass during the dry era. When the law went into effect, real estate developers and landlords expected rents to rise as saloons closed and neighborhoods improved. Theater producers were expecting an increase in customers as Americans searched for new ways to entertain themselves, ways that did not involve alcohol. But this did not happen. Instead, there was a decline in amusement and entertainment industries all over the United States. Some restaurants even failed, as they could no longer make a profit without legal liquor sales. On the whole, the initial economic effects of Prohibition were largely negative. The closing of breweries, distilleries and saloons led to the elimination of thousands of jobs, and in turn thousands more jobs were eliminated for barrel makers, truckers, waiters, and other related trades. One of the most profound effects of Prohibition was on government tax revenues. Before Prohibition, many states relied heavily on excise taxes in liquor sales to fund their budgets. Almost 75% of New York’s revenue came from liquor taxes, but with prohibition in effect, all that reven...
The 1920s was a time of conservatism and it was a time of great social change. From the world of fashion to the world of politics, forces clashed to produce the most explosive decade of the century. It was the age of prohibition, it was the age of prosperity, and it was the age of downfall.
Also known as the Jazz Age and the Roaring Twenties, the American people felt that they deserved to have some fun in order to forget the emotional toll and social scars left from the war. The Jazz Age was appropriately named due to the illegal activities and good times, which included music, parties, and flapper girls. Jazz was a new style of music that originated out of the New Orleans area, where one of the greatest jazz musicians of all time – Louis Armstrong – began his career. The energy of jazz was a very new and almost uncomfortable style for the very traditional, rigid family of the 1920s. Young people in particular seemed to enjoy this new music the most, as it made them feel carefree. The energy of jazz was symbolic of the era’s trans...
Bootlegging, dancing, and music, the 1920s was a very exciting time period to live in. The Jazz Age was a distinct era in American life. It was full of many traditions and technologies that had never been used in the years previous. People managed to make the best out of every situation and were always busy. The Jazz Age was a very unique time period for people to live in, full of history, literature, new technologies and arts, and a new style.
In the United States from 1920 to 1933 there was a ban on the production and sale of alcoholic beverages, this time was known as prohibition. Prohibition of alcohol was a very controversial topic in the 1920s and because of this there were many varying opinions on it. Some people didn’t like it and bought alcohol illegally while some other groups supported it, even gangs got involved when they heard of the new illegal product on the black market. There were gang battles and political corruption and many other issues. This was the time known as Prohibition in the United States. (wikipedia.org, Prohibition in the United States)
Prohibition was a period in which the sale, manufacture, or transport of alcoholic beverages became illegal. It started January 16, 1919 and continued to December 5, 193. Although it was formed to stop drinking completely, it did not even come close. It created a large number of bootleggers who were able to supply the public with illegal alcohol. Many of these bootleggers became very rich and influential through selling alcohol and using other methods. They started the practices of organized crime that are still used today. Thus, Prohibition led to the rapid growth of organized crime.
So basically, the 1920's or “Roaring Twenties” was a time of major change for America as a nation. Just following the Great War America was on the fast track to new times. There was the model t car, the stock market boom and crash, the banning of alcohol, the radio, jazz music, women seeking independence, Americans seeking higher education, union strikes, the red scare, the death of President Harding and many more. Many people say this was an enjoyable time of constant dancing and entertainment galore, while others would say that the hardships of racism and poverty made this time period one of struggle and hardships. While others only remember the 1920's as the creation of mickey mouse or babe Ruth. This decade truly was “The Roaring Twenties”.
The 1920s in America, known as the "Roaring Twenties", was a time of celebration after a devastating war. It was a period of time in America characterised by prosperity and optimism. There was a general feeling of discontinuity associated with modernity and a break with traditions.
1920’s were a period of great turmoil and contrast for the USA. In the aftermath of the war people were determined to have fun. The average working week dropped from 47.7 to 44.2 hours, and average wages were raised by 11%. So people had more leisure time much of this spare time and money was channeled towards entertainment. The Jazz Age was a feature of the 1920s ending with The Great Depression. When jazz music and dance became popular, this occurred particularly in the United States, but also in Britain, France and elsewhere. Jazz music became an obsession among young people. The entertainment industry boomed and so did people. Such as the infamous Josephine Baker.
Music, technology, sports, movies, and radio. All of these interests were a huge part of American life in the 1920’s. New advancements in these leisure activities made their popularity grow rapidly and obtain much more attention. The 1920’s, also called the “Roaring Twenties”, was a period of many changes in entertainment including music, sports, and leisure.
In the 1920s the jazz music rose in popularity. America saw the Golden Age of Sports, but under all of the racism ran rampant through the country. In the 1920s the jazz music and the golden sports were real popular, but the racism going on in the rampant was crazy, the ku kulx klan was just awful.
The 1920s culminated in an America-altering decade. Along with prosperity, America, especially its urban areas, witnessed the rise of consumerism, prohibition, automobiles, and considerably much more. Among all the great achievements and advancements of the so called “Roaring Twenties,” the music of this era was unprecedented with its brand new grooves and rhythm, which culminated in an all new jazzy style. The soundtrack to the decade’s speakeasies, rebellious flappers, and growing radio industry, jazz supplemented the glitz and glam of this romanticized age, striking a unique chord in American society.