Boom to Bust By Francesca Daniele

Economics

Stockbrokers are getting calls from people who want to buy stocks.
Stockbrokers are in the street after the stock market crash on Black Tuesday.
There were many wealthy businessmen/owners in the 1920s because of the big demand for goods.
The once wealthy businessman, Fred Bell, was forced to sell apples on the streets after the stock market crash.

In the 1920s, manufacturing increased and consumerism drove up the demand of products. The economy was booming and the industries were growing. So the businesses were inheriting a lot of money, and the workers were getting paid better. Farmers made so much food for the war that they had too much leftovers. The prices went high and they could not sell them. They lost their farms and money. In the 1930s, the stock market crashed and businesses closed. Workers lost their jobs and the demand for products decreased because no one had money to buy them. There was no money and jobs to give men or women. The Dust Bowl also hit farmers hard, and they already had no money. So they lost their farms, houses, etc. from the Dust Bowl on top of everything. In the 1920s, Stockbrokers would sell or buy stock and also make commissions. They were very wild and irresponsible. In the 1930s, 5,500 banks closed across the country and the stock market crashed because they were irresponsible with buying and selling stocks. They went into bankruptcy and Americans could never trust them again. In the 1920s, business owners were making a lot of money because the demand for products increased and so did the manufacturing. In the 1930s, they laid off their workers and paid them less. Sales declined and many businesses closed. They didn’t have any money, workers, or businesses anymore. The change is that there was no money, the stock market crashed, the demand for products decreased, and everyone was poor. Also, the change for the stockbrokers is that one one trusted them again with their money. The change for the business owners was that they had no money, business, workers, and sales declined.

Government

Farmers using their new machines to make farming easier and faster.
Farms were hit by the Dust Bowl. The Dust Bowl destroyed farms, houses, killed people and animals, etc. They had no homes or farms.
African Americans were fighting for equal rights and no segregation.
Many African American Sharecroppers lost their jobs. They had no jobs and lived in makeshift homes.

In the 1920s, Warren Harding, Calvin Coolidge and Herbert Hoover were the three Republican presidents. Hoover was a strong believer of Laissez Faire and “trickle down economics”. 25% of the American workforce was unemployed and 9,000 banks were closed. Also, $2.5 billion in deposits were gone. In the 1930s, FDR was elected president. He abandoned Laissez Faire. He also put the New Deal in place. Everyone trusted him and the government. FDR took responsibility and didn’t make the people fend for themselves. In the 1920s, Farmers were suffering from decrease in demand for products, high costs, and the government not paying any attention to them. The farmers lost their farms to foreclosure and rural banks closed. Finally, in the 1930s, the government passed bill to help farmers because of the Dust Bowl. The government passed the Agricultural Adjustment Act (AAA). Also, FDR created Civilian Conservation Corps (CCC). The CCC hired teenage boys and men to help clean up farms, plant trees, etc. In the 1920s, African Americans were under restrictive laws like the Jim Crow Laws. The Jim Crow Laws were based on racial segregation in the South. The government made all these laws and kept them from voting. They were not given equal rights. In the 1930s, African Americans received less financial aid than whites. Also, FDR wasn’t a believer in Civil Rights, so he refused to sign an anti-lynching bill. But after sometime he did appoint blacks to 100 government posts and established the “Black Cabinet”. African Americans did not have jobs or homes and the government did not help. The change was that there was no Laissez Faire and FDR became president. Also, the New Deal was made with the acts along with it, and the majority of the nation trusted FDR. The continuity with the farmers was the decrease in demand for food and the change was that the government actually helped them. The continuity with the African Americans was the discrimination and segregation. But the change was that they got roles in the government.

Home Life

Even though women were enjoying their new rights, they still had to take care of their children and homes.
Women had to stay home to take care of their house and their children while their husbands were trying to find a job, or their husbands left them.
Many Mexican immigrants were sharecroppers during the 1920s.
Mexican immigrants were waiting at a Los Angeles train station to get back to Mexico because they had to be deported.

In the 1920s, people had nice homes, cars, and nice belongings, but in the 1930s, no one had any of that. Many people lived in Hoovervilles and slept under Hoover blankets or newspapers. Children were very sick. High class did low class things. They didn’t like it because they didn’t want to be seen as low class. There was also more divorces and birth rates decreased. Migrants went to California and the Dust Bowl took everything away from the Great Plains. In the 1920s, Women’s home life was to take care of the house and children. In the 1930s, roles in the household enhanced for the women. Women did learn how to “cut corners” though. The women had to sew their own clothes, bake their own bread, and design creative dishes with leftovers. Also, in the 1920s, Mexican Immigrants’ had homes and jobs. Many of them were migrant farm workers. In the 1930s, they didn’t have jobs as migrant farm workers anymore because the Americans needed jobs. So the Americans told the government to deport them so they did. The Mexicans got on a train and made it back to Mexico. Mexican immigrants had no homes but FSA provided homes, food, and medicine before they were deported. The change in home life was that people didn’t have homes, cars, or belongings. The continuity with women was that they had to take care of their children and their house. The change was that they did/made things on their own. The change with the Mexican Immigrants was the deportation, had no homes, and that the FSA helped them.

Leisure Time

African Americans loved to listen to jazz or play it in the 1920s.
African Americans still played jazz or listened to it during the Depression. Since jazz was upbeat and happy, people listened to it during the Depression to get away from their troubles.

In the 1920s, there was many things to do in your leisure time. People listened to jazz, danced at clubs/speakeasies, went to sports events, movies, Sunday drives, etc. But in the 1930s, no one could enjoy a night out because they had no money. People did get to see movies and listen to music especially jazz to forget about their troubles. Many people also did art and enjoyed reading. People really loved listening to the radios because of the bands, comedy, dramas, soap operas, and FDR’s fireside chats. In the 1920s and 30s, African Americans, in their leisure time, listened to jazz or played it. The continuity in leisure time was jazz, music, listening to the radio, and the movies. The change was that there was no sports events and no clubs or speakeasies.

Made with Adobe Slate

Make your words and images move.

Get Slate

Report Abuse

If you feel that this video content violates the Adobe Terms of Use, you may report this content by filling out this quick form.

To report a Copyright Violation, please follow Section 17 in the Terms of Use.