Boom to Bust By Kelly DeCarlo

Economics

In the 1920s stockbrokers made a lot of money by selling stocks. They where living the good life and made a lot of money.
In the 1930s stockbrokers lost everything in the stoke market. People who had loans never paid the stockbrokers back. They had lost all their money and had to sell their belongings.

Economics in the 1920s were good. Stockbrokers had a lot of money and the stock market was soaring. Although farmers did not have a good time almost everyone else who was involved in the economy did. People bought many stocks and the stockbrokers made more and more money. The stock market was booming. However, that changed dramatically. In the 1930s the economy was horrible. After the stock market crash, stockbrokers could not get back the money they loaned out. Because of that, stockbrokers had no money left and they were poor. Also, many businesses, including banks, closed or failed. Stockbrokers lost their jobs and many did also. The Great Depression hit them hard. Stockbrokers lives changed dramatically from one of the richest to one of the poorest.

Government

In the 1920s farmers had no help from the government and they where poor. They lost farms and their homes.
In the 1930s farmers where hit with the devastating dust bowl. It tore up many homes and killed helpless people.
In the 1920s bankers where living the good life and they loaned out money. The government did nothing to help.
In the 1930s, after the stock market crash, many banks closed and they lost a lot of money. The government stepped in and had a bank holiday to help.

Government in the 1920s was very laid back. They did nothing to help farmers that were struggling and did not get involved with the businesses. They believed in Laissez Faire and turned a blind eye towards the suffering of the farmers. In the 1930s the government's role changed. They tried to help the farmers and they helped the banks by having a bank holiday and giving money to help bring the banks back. The government gave farmers land and money to try and help them. Government passed Agriculture Adjustment Act to give money and land to farmers in order to help them come out of the depression. Farmers faced the change that now they had the government helping them. Although they still were mostly all poor, they had it better in the 1930s.

Home Life

In the 1920s women did not stay at home all day. They went out, partied and did whatever they wanted to do.

In the 1930s women now had to stay home more often. They had to stay home and try to make there own things to keep the family afloat.

In the 1920s African Americans had jobs and made okay money. They also got more rights and more money.
In the 1930s most of African Americans did not have jobs. The white men took their jobs and African Americans had a hard time making money.

Home life in the 1920s was very different than home life in the 1930s. In the 1920s everyone went out and partied. But, in the 1930s people stayed home more often because they had no money. Women in the 1920s were the most likely to go out and party. They had fun and did what they wanted. African Americans in the 1920s mostly all of them had jobs and had a good life. There was still discrimination against them but they were ok. Women in the 1930s had to stay home more often and “make do”. They made their own clothes and bread because they had no money. African Americans in the 1930s had a hard time. They lost their jobs easily because they were the first to go and the last to be hired. Whites also took the jobs African Americans usually do. There was a huge change between the 1920s and the 1930s for women. For African Americans there was always discrimination against them but they had an even harder time during the Great Depression.

Leisure Time

In the 1920s when women had free time they had fun. They went t the beach and partied. Women had a good time and where worry free.
In the 1930s women did not have as much free time. They had to work at home and make bread, clothing, or any other thing people could not afford.

Leisure time in the 1920s was spent partying and having fun. Everyone was worry free without a care in the world. In the 1930s when people did have little time they went to the movies to unwind. The movies made everything bad going on in the outside world go away. In the 1920s women had fun with their leisure time. They went to the beach and went to parties. However, when the Great Depression hit women did not have the chance to go out that often. They were mostly at home “making do”. Women did still try to escape like going to the movies but eventually the movie ended for everyone. The way leisure time was spent changed dramatically and women and many others did not have as much fun.

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