BOOM TO BUST Edward hughes

Home life

Woman

Chores for woman in the 1920's were an ease with new appliances
In the 1930's woman "cut corners" or sew their own clothes to save money

Woman in the 1920's were finding themselves with a lot of free time because of all of the new appliances they bought to help them with daily chores. The 1930's brought change to the home life of Woman. Woman could no longer afford these expensive appliances during the Great Depression or 1930's. In the 1930's woman had to sew their own clothes and make bread from scratch instead of buying it from a store to save money. One of the only thing that stayed the same with woman's home life during the 1920's and 1930's is that woman spent most of their time cleaning and cooking.

African Americans

African Americans showed off their artistic abilities in the Harlem renassiance of the 1920's
In the 1930's many African Americans moved North to segregated neighborhoods

The 1920's were a very important time for African Americans. During the Harlem renaissance ,which took place in the 1920's, African Americans were being realized by society for their artistic abilities. In the 1920's African Americans played music for whites and it started to take down racial borders. The new era came with change to African Americans home life. A change that happened going into the 1930's were that there was little or no work to make income for African Americans. During the the Great Depression African Americans escaped their issues by playing and performing music for others. Two things that happened continuously through the '30s and '20s were the neighborhoods were segregated, there were white and black neighborhoods. The other thing that was present both eras was the racism against African Americans.

Economy

Buisiness owners

Business owners needed all help they could get in factories to keep up with the high demand of goods in the 1920's
Once wealthy business owners could be found at soup kitchens because of their financial losses in the 1930's

The booming economy of the 1920's brought great things for business owners. Everyone was buying new manufactured goods in the 1920's. Business owners had to keep up with the high demand for goods in the 1920's. Eventually business owners ended up with a surplus of goods. The Great Depression of the 1930's brought a huge turn around in business owners lives. Business owners suffered great financial losses. They were forced to lay off workers and usually ended up going out of buisiness. A change that came with the new decade was that business owners no longer had the money to keep their businesses open. A continuity between the two decades is that only some buisiness owners suffered. For example, the business owners that were already wealthy before the 1920's didn't suffer as much financial losses come the 1930's

Banker/ Stockbroker

Many people chose to invest in the booming stock market in the 1920's
People waited outside banks that were unable to pay the people what they owed them

Stocks in the 1920's were booming. Many chose to invest in the stock market. The irresponsible people of the 1920's bought on margin or with money they would repay over time. A couple changes that occurred between the 1920's and 1930's were that many banks closed in the 30's, the stock market crashed and millions of people were in debt. In the 1930's banks were unable to pay people the money they owed them. Millions of dollars were lost to the banks and the stock market.

Role of Government

Business Owners

Children often worked in factories in the 1920's because of the lack of Government laws
There was a decrease in child labor during the 1830's

In the 1920's the government did not get involved in business. Since there were not many laws for factories the business owners or factory owners underpaid workers and they had children working in the factories. A couple changes from the 1920's to the 1930's is in the 1930's the government set a minimum wage, and child labor decreased in the 1930's. Another change that the '30s brought was better working conditions in factories. All these changes came from the new president that got involved in business and did not support laissez faire policies.

Bankers/ Stock Brokers

Many invested in the stock market and the government did not interfere in the 1920's
Many stockbrokers faced bankrupcy and government started to act

The government in the 1920's was laissez faire based. The government did not get involved with the stock market and banks simply because they were thriving and did not need to be changed or assisted. With the stock market crash of the 1930's and a new president the government decided to act upon the problems and abandoned the ladies faire policy. In the 1930's the government infused 2 billion dollars into the banks. In an attempt to recover from the Great Depression. In the 1930's people were hesitant in reinvesting in stocks. One think that continued through the two decades was people continued to invest in the stock market.

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