Boom to Bust By: Jake Lenahan

Economics

Newspaper article shows how many people trusted the stock market
Graph of how stock market changed

In the 1920's, the United States economy was booming. Bankers were these "experts" who advised people to invest in the stock market. When people bought into stocks, they borrowed money from the banks on credit (people went into debt), and invested into the stock market. People thought it was easy money, because their borrowed money made more money. When the stock market crashed, many people went to the bank, looking for their money they had saved, to move on with life. The banks didn't have enough money (they invested in the stock market too), so bankers said "sorry, you aren't getting anything back." With no money, banks along with people went bankrupt. This changed the stock market drastically.

Government

Poster introducing credit
Graph showing how the United States GDP went down

During this era, many people bought on margin which increased the amount of money the United States was making. Industrialists, along with the United States, were making millions because people suddenly started to buy things, on credit, producing more money for them. In 1929, when the stock market crashed, people lost everything and they all went into terrible debt. Having terrible debt, people didn't go out and buy things anymore. According to the graph, this made the United states GDP drop significantly. Industrialist saw a steep decline in sales. Industrialists overproduced goods, which put them into financial trouble, shutting many businesses down. This changed they way of America's government with the new deal.

Home Life

Women making other people do their chores because they were "new women"
Poor families living in hoovervilles

During the 1920's, the American people were living very well. Women, who had been sick of doing house work all the time, stood up and wanted to make change. Women started to have more pride in the "New Women", and started to join the work force because they "Belonged not at home, but in the workplace. "After the Great Depression, the traditional belief that women should stay at home came back, and men though hat women were trying to take the few jobs that were there. People lived in Hoover-villes, and women needed to be home to do chores that were never done before, because they had other people do that- they could no longer afford it. This changed the way people lived.

Farmer working on a field
Dust storms and new struggles for farmers.

In the 1920's, farmers had struggled ever since the end of the World War to make ends meet. While everyone else was living good life on credit, farmers we suffering from the decrease demand for farm products, and dropping prices. With the small amount of rainfall and modern farming Technics, dust storms occurred, which wiped farmer's fields out. On the bright side, farmers still able to support food for their families unlike the people living in the city. farmers were already used to having almost no money, and thought of it as everyday life. The farmers really didn't see any change because they were struggling ever since after the world war.

Leisure Time

People at entertainment having fun
People having fun even though they had no money.

In the 1920's, after the World War, people were interested in making the most of their lives, and went to do fun things that were never available before. Many people usually went to the theater, carnival, or baseball games. People found enjoyment in this and went to watch regularly. After the depression, people still wanted to go and see entertainment. With no money to see movies or baseball games, people found out new ways to have fun and forget about the struggles.

Poster advertising Harlem
Negro playing Jazz music

In the 1920's, after the World War, people started to liked Jazz music, which was produced by Negros. This time period was known as the Harlem Renaissance, because Negros all over were becoming popular. Negros produced this music, and brought much need attention to Blacks. People went to go listen to Jazz, when times were bad.In the 1930's, many Negros roamed the streets looking for the little money they could earn playing Jazz music. Since white males got hired over Negros, Negros did anything they could to make money to support themselves and their family. This was a change for them because they now received more attention from whites.

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