Social And Political Changes In The 1920's
The 1920s “Roaring Twenties” were a dramatic age of social, economic, and political changes. The economy during that era had raised a lot when people started to have money in their pockets. The 1920s was known the age of changing in American society when electricity, radio, cars, movies, and other entertainments were taken place. In addition, people during that time moved to cities seeking better lives and jobs. Equally important stock market was the main where people started to invest their money in, so they will gain increasingly. Stock market was popular which people who were working in the kitchen invested their money there before rich people. People who lived during 1920 enjoyed their good times during the rapidly expanding of the economy.
However, these good times did not last for long times. In 1929 the worst economic crisis in American’s history happened. while the stock market got risen its prices during 1929 which it reached its peak in August 1929, the production had declined, and unemployment increased that lead to increasing the value of the stock market. In addition, during 1929 people went to get a lot of loans from the bank due to low wages. Equally important, farmers also were suffering during 1929 due to drought, overproduction, and falling their production prices. However, the big decline of the economy happened when the stock market collapse in October leaving people losing millions of dollars. As result of the crash of the stock market, decline in spending and investment which made companies and factories to slow production and fire a lot of their workers.
However, these good times did not last for long times. In 1929 the worst economic crisis in American’s history happened. while the stock market got risen its prices during 1929 which it reached its peak in August 1929, the production had declined, and unemployment increased that lead to increasing the value of the stock market. In addition, during 1929 people went to get a lot of loans from the bank due to low wages. Equally important, farmers also were suffering during 1929 due to drought, overproduction, and falling their production prices. However, the big decline of the economy happened when the stock market collapse in October leaving people losing millions of dollars. As result of the crash of the stock market, decline in spending and investment which made companies and factories to slow production and fire a lot of their workers.