Economic Boom Of The 1950's Essay

The 1920’s are commonly referred to as the Roaring Twenties. Many factors during the time played significant roles in earning the decade this name. Economic conditions and developments in the arts and entertainment were some of the most impacting among these factors. Economic conditions and developments in the arts and entertainment helped create the reputation of the 1920’s as the Roaring Twenties. Economic conditions gave people a feeling of economic prosperity. They also allowed people to buy a lot of things on credit. Developments in the arts and entertainment created a culture of free expression by granting women the ability to express their opinions more clearly than they were able to in years prior and encouraging jazz and dancing.

When most people think of the 1950’s or 1960’s, they think of Elvis, Greasers, jukeboxes, Woodstock, and rainbow peace signs and hippie love. Although these symbols are somewhat accurate (and very popular), not many people think about the changes society and culture went through. The 1950’s and 60’s were a time of great change and freedom for many Americans. Everything from World War II, to the gay liberation movement, to the Civil Rights Act of 1964 helped to change society. Many of the views American’s had on topics such as war, gender roles and sexual preference were changed greatly after these events and have led to our culture being what it is today. The 1950’s and 1960’s were a time where great changes took place that helped to

The 1950s and the 1960s had many similarities, though they had many differences as well. Their similarities and differences include: the politics, the economy, the society, and the culture of both decades. In the 1950s, North Korea moved into South Korea and began a civil war between the two parallel countries. The reason for this dispute was the border lines as well as guerrilla fighting in the South, which created a greater tension on the issue. The reason why the U.S entered the Korean War was so that the Soviet Union would not gain another nation and, in turn, more power. Like the 50s, our country was also at war with another country in the 60s. This time, the U.S was at war with Vietnam. The U.S entered the war because the

The twenties were a period of festival. Having basically started of a war the state was practically torn over, a whole era was happy to be gone. The 1920's were ruled by the young of the nation, designs and prevailing fashions inclined energetic about the junior gleam of America. All around this point preclusion was initiated, and disallowance was ineffectual. Everything concerning the 1920's symbolized Associate in Nursing exceptional feeling of resistance and breaking a long way from pop culture's limits. The 1920's were simply cohort in nursing blast of self statement, the auto being one around the biggest.

Economic wise, in the 1920's, demand for consumer goods and new products such as radios, electrical appliances, and automobiles led to increased production and business profits. Many of these goods were purchased using installment contracts, by which goods are purchased on credit and ownership is transferred after the last payment is made. The increasing share prices caused people to buy shares in hope of making large profits. In 1928 and 1929, the Federal Reserve System raised interest rates in an effort to slow stock market predictions. Bank failures occurred because of the stock market strained their financial resources. Banks had also loaned money to many farmers and businesses who were unable to repay it. Bank profits declined, and bank

An award-winning writer and internationally recognized expert on the family, Stephanie Coontz, in her article, “What We Really Miss About The 1950’s,” states that “In a poll by the Knight-Ridder News Agency, more Americans chose the 1950’s than any single decade as the best time for children to grow up.” However, Coontz has her own view of the 1950s, and she illustrates her own opinions about this decade using strong and logical facts. While the nostalgia of the 1950s is vastly strong in some people, some fail to notice the negativity and the reality of it.

World War II was a worldwide war that affected a vast majority of the world’s countries. It is described as the deadliest of all conflicts throughout history. The death toll was between 50 and 85 million, caused by bombings, starvation, genocide, massacres, and nuclear warfare. During this time period, America was becoming more technologically advanced allowing more people on the home front to be aware of the severity of war. This sparked protests among a wide range of groups.

By looking back at history, it is clear that the economy is an ever changing thing that is unpredictable in many ways. From the stock market crash in the 1920’s to the more recent housing market crash in the 2000’s one thing is for sure; many different factors affect the United States economy every day. In addition to man-made factors there are also other elements that cannot be controlled or even consistently predicted that impact the growth or decline of the economy overall. For example, natural disasters such as tornadoes, hurricanes, and tsunamis not only cause immediate damage wherever they strike, but also have long term economic affects for years to come. One of the natural disasters that left the biggest impact on the economy was Hurricane

In the late 1800’s, the United States saw a great boom in industrialization. The rise in industrialization allowed men like J.P Morgan, Andrew Carnegie, Commodore Vanderbilt, and John D. Rockefeller, or any other wealthy businessman to become the prominent figures they were in society. However, the reason why these men were able to be successful was because of the labor they had. The untold stories of laborers, especially of African Americans, provide a revelation of the hardships they had to endure in order to lead the United States to the global power it is today.

The Great Depression was an awful point in history. It was a worldwide economic slump of the 1930’s. Banks, factories, and shops all closed. Millions of people were left jobless. Many people had to depend on the government or charity to provide them with their everyday needs. Rising unemployment, declining production, and falling prices spread rapidly to the rest of the world in the early 1930's. The Depression caused world trade to slow down a lot, as countries tried to help their own industries by increasing restrictions on imports.

During my investigation I had a difficult time finding sources for my question. At the beginning of my research I began searching for the styles of art during the Great Depression and Roaring Twenties. I did this because I intended to base my research on the question ;’What was the change in visual art from the Roaring 20’s and the Great Depression in the United States?’. After finding information of the question, I realized that my question was mostly about the history of art and I could not go into depth about it as a historian would. This is when I changed my question to ‘What was the impact of the Roaring 20’s and the Great Depression on visual art in the United States?’. After I altered my question I started researching for more sources

Many Americans believed that the 1920s were a time of economic prosperity. With the economy booming and the creation of new and innovative technologies, it was believed that a majority of society was well off during this time period. With new forms of mass media and advertising, people were under the impression that the stock market was booming and that the economy was doing well. However, the 1920s actually brought about many hard times for unemployed workers and struggling industries, which eventually lead to the Great Depression.

The keys to America’s economic boom were technological processes and increased consumer demand and resulted in industrial production with an increase of America’s Gross National Product (GNP) from $78 billion to $103 billion. It was clear that the economic boom affected society. Jobs were easy to find and were better paid than before. There was a clear link between prosperity and social change. For example, as middle-class women became better off they enjoyed greater social freedom - they wore make-up, shorter skirts and smoked in public. Above all, the motor industry (automobiles) grew rapidly. As the cars poured off the production lines there was a need for more rubber to make tyres, glass for windscreens and leather for

The first is abundant natural resources such as oil, steel, lumber, and coal. Improvements in the refining of steel and obtaining oil led to steel and oil being much cheaper and easier to obtain. Steel was used for things such as making railroads, farm machinery, bridges, and skyscrapers because steel was much stronger and more flexible than previously used materials. Oil was a much better energy source than previously used materials.

The second World War broke out and once again military engineering triggered the much need economic growth. During the war the American economy seemed to breathe fresh air. Suddenly there were opportunities everywhere. The country began to use this war as a catalyst to gear up the industry. The unemployed got inducted in the defence services. The governments’ subsidized wage program also gave renewed impetus to the factories. The factories in turn generated employment. Military engineering also propelled the economy with new growth arenas. New shipyards, bus services and emergence of new electronic factories suddenly seem to bring in the lost glory to the US economy. Gradually the cloud Depression was no longer over the American sky and the