Boom To Bust By: lillian Boland

Aspect 1- Economics for bankers and stalkbrokers

A stock brokerage in the 1920's
Crowds gathering around the Wall Street on November 29, 1929

During the 1920's, the industrial economy and stalk market boomed. Many people chose to invest in the stalk markets. People who used to be second class was now a millionaire and was living their lives in luxury. A stalk would crash occasionally, like in the first picture you see above, and a small or large group of people would be very angry and would have lost their majority of money. However, in 1929 many stocks crashed, including Wall Street and people lost the millions they had invested into a stock that was now worthless. This caused bankruptcy because banks and stocks couldn't collect their debts back from the money due to unpaid loans.

Aspect 2- Government For Farmers

a farm in the 1920's
A farm after the Dust Bowl in the 1930's

Agriculture didn't share the same economic boom of the 1920's that the urban areas did. They didn't make much change because much of the population in rural areas were still traditionalists. Farmers did make some money off of their crops and their crops were growing extremely fast due to the huge increase in rainfall during this period of time. However, in the early 1930's, there was extremely little if not no rain, especially in the East. Farmers ended up using poor methods to try and get their crops to grow, including the plowing of the top layer of soil. The combination of drought and poor land use practiced resulted in the Dust Bowl. This horrible storm blew away all of the fertile soil and left the plains infertile. In response, the government passed many new deal programs to help the Dust Bowl problems.

Aspect 3- Home Life for Woman

Woman in the 1920's finding new ways of life and entertainment
Thousands of woman in the 1930's protesting due to unemployment

In the home lives in the 1920's, there was a rise in creation of "convenience items." Everyone had more free time. Woman had much more confidence and started to rebel against the injustice laws woman had to follow. Initial enthusiasm was shown by woman and people who supported woman rights, especially when the 19th amendment stated, " The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex." flappers rose and woman were overall much more free than they were before the 1920's. However, when the 1930's arrived and the Great Depression had begun, there was reduced support for woman's rights and many people came to return to the traditional belief that woman belonged in the home and not in the workplace.

Aspect 4- Leisure Time For African Americans

A club or place of entertainment in the 1920's
African Americans entertaining during the 1930's

During the 1920's, many people had more leisure time. Americans were more interested in making the most of their lives and enjoying themselves. People visited many clubs or bars, and spent their afternoons going to events. African Americans had much more confidence since after World War One. They would join African American sport teams like the Negro Baseball Team. The Harlem Renaissance also erupted and many African Americans were noticed though their music, writing and artistic views. When the Great Depression arrived, there was a dimming in the light of the Harlem Renaissance and their freedom advancement of their culture. African Americans did continue to preform jazz music at different bars and clubs for leisure time, and many people still came to listen and escape the horrors of the Great Depression.

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