Stockbrokers/ bankers leisure time in the 1920s and 1930s
In the 1920s, bankers thrived with millions of dollars from the stock exchange. They lived lives of luxury and were wild and carefree.
In the 1930s after the Great Depression, the stock market collapsed and bankers/ stockbrokers lost all of their money. They could not collect their own debts and were left with no money and crowds of people lining up to collect their nonexistent savings.
Leisure time for Farmers in the 1920s and 1930s
In the 1920s, farmers were not prospering like many others in the city. There was a decrease in demand for goods after WWI and they had very little money. However, they did have more food because they could produce it themselves
However in the 1930s, everything changed for farmers. The dust bowl hit and farmers were left with very little food because all of their crops (or what they had left of them) were covered in massive amounts of dust.
Economy for African Americans in the 1920s and 1930s
In the 1920s, African Americans already had a bad economic situation. Some were sharecroppers and they did have jobs however they were segregated against greatly.
In the 1930s, desperate white workers were taking sharecropper's jobs and African Americans were forced out of plantations. African Americans were labeled as, "last hired and first fired." They received less financial aid than whites and were still faced with the challenges of segregation.
Economy for Bankers/ Stockbrokers in the 1920s and 1930s
For bankers in the 1920s, they prospered because of a strong economy. More and more people were investing in the growing stock market and guess who was in charge of all of it, bankers and stockbrokers.
However in the 1930s, most bankers and stockbrokers were unable to repay their debts after the crash. They were left penniless with numbers of people gathering outside of banks to get their money back.
Role of government for farmers in the 1920s and 1930s
In the 1920s, farmers started out with little money but could sustain life in the country. With little government help, however, they were financially suffering.
in the 1930s, farmers expressed acts of bitterness towards the government with acts of violence. Farmers coped the best they could during the Great Depression, still having to pay taxes.
Role of government for Bankers/ Stockbrokers in the 1920s and 1930s
In the 1920s, the government thrived off of the inflated stock market and so did bankers and stockbrokers. There was little government involvement and Laissez Faire was still implemented. Banks were thriving off of these times.
In the 1930s however, bans crashed and no one had any hope. But FDR invested $2 billion dollars into the banking system in a holiday. He also implemented the Truth in Securities Act and more people had trust in the banking system.