previous times‚ striving to be independent in their own ways. They stripped old traditions from society‚ breaking down walls. The Prohibition‚ the act that outlawed alcohol‚ yet the people rebelled against it; many times going outside the law to get it. The extremes of people trying to get what they want‚ within the law or not. That’s where the gangsters come in‚ ruling the streets without any real control to stop them. That decade ended with the depression‚ it was long overdue. The economy ended the
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stock market crash that happened in the 1930s. In the late 1920s‚ economic grew rapidly and many classes poured their savings into stocks. Investors traded useless shares that were deemed worthless‚ over millions in one day‚ later to be referred as‚ “Black Thursday.” An outbreak flooded the nation‚ causing workers to lose their jobs and decrease mass production. Across the world‚ everyone felt the the devastating blow‚ creating a domino effect. ( History.com ) The United States had close relations to
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Did you know in the 1920’s two hundred and twenty seven gangsters were killed in the space of four years in Chicago(Chamernik‚ Mike). The period of Prohibition was very important part of America’s history . During Prohibition there was the mafia and their notorious characters such as Al Capone and the young Federal Bureau of Investigation. In the 1920’s during the period of prohibition a new kind of Gangsters came about which specialized in illegally transportation and selling of alcohol. Prohibition
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Causes of the Great Depression the 1920’s was period of grate happiness among the people of all kind‚ but it was not until the end of this decade that the financial had been noticed. Later a place called the stock market crash of 1929 came as a shock to most Americans and especially the bankers‚ that looking at the causes of the Great Depression; it was clear how America entered this period. Not only was there poor economic‚ but an uneven distribution of wealth and poor debt structure. The first
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in the years prior to the depression. The various causes of the Great Depression include the stock market crash‚ unemployment‚ bank failures‚ and drought conditions. The Stock Market Crash of 1929 The stock market crash of 1929‚ also known as Black Tuesday‚ occurred in late October and was the most devastating stock market crash in the history of the United States‚ when taking into consideration the full extent and duration of its fallout. Most would say that this enormous crash was one of the
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Deal which was a series of acts to try and better the life of Americans. New acts and bills help to support union workers‚ farmers and homeowners; he also did his best to create new jobs for the unemployed. Though‚ it was pretty much ineffective for black people. The government tried to improve the lives of Americans‚ even though there was not much that could be
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Americans citizens had found out that they could not withdraw their funds because banks could not collect the money that they had lent to people who had invested in the stock market. This then left the American people in shock and caused havoc on the streets because people could not collect their funds. 1616 Banks then were forced to shut down because they had gone bankrupt. This then had resulted in many jobs being lost‚ business going bankrupt‚ people’s lives changing for the worse and even 23‚000 suicides
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This time period gave the world the automobile‚ radio‚ movies with sounds‚ and even medical advancements like penicillin. Unfortunately‚ all good things must come to an end; and these years of joy did on October 29‚ 1929. That day was marked as “Black Tuesday‚” because that was the day that the stock market crashed. People in the world can dispute for hours over what truly caused the depression‚ but the truth is that it wasn’t just one particular thing. Many say that the stock market crash is the
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Before the Great Depression (1920’s)‚ there was a time of great prosperity and most people were satisfied. Then disaster struck. On a day known as “Black Tuesday”‚ stock market prices plunged. More than 8 billion dollars were lost in one day‚ and 30 billion dollars were lost within a three weeks of the crash. Unemployment rapidly swept through the nation as a result of halting industries and the crashing
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Gang organizations saw a way to create a “black market” for alcohol‚ “The growth of the illegal liquor trade under Prohibition made criminals of millions of Americans” (Lerner). This showed how desperate some Americans were to get alcohol. Even some officials were tempted by money‚ “Police officers
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