Brief History: Ten Events Of The Great Depression

The 1920’s was a very upbeat and interesting decade. People know it as the “Roaring Twenties”, or “The Jazz Age.” It was the time of Prohibition, the introduction to jazz music, and partying. Prohibition was the illegal production and distribution of alcohol. Many people were against drinking, but there were still the many that enjoyed a drink once in a while. Bootleggers were people who illegally sold and produced alcohol so other people could enjoy it in secret. People went to speakeasies, which were secret hidden bars that sold alcohol they got from the bootleggers. Young women began rebelling by cutting their hair short, wearing dresses

The journal article begins by introducing an African American couple who resided in Russellville, Kentucky. James Wright held an occupation as a corn cutter while his wife Gladys worked as a cook in a white home. The time span of their journey occurred at the beginning of the great depression all the way through World War II. Seeking better employment opportunities, James traveled to Louisville. Although, his first couple trips were in vain. His resilience and determination eventually lead to a job working for International Harvester. During an era of many trials and tribulations, James found a way to support himself and his family by migrating from a rural to an urban area. By sharing this anecdote the author establishes a mood of hardship

Never had the flaws of capitalism been so evident or as devastating as during the decade that followed the outbreak of the Great Depression in 1929. All across the Euro-American heartland of capitalist world, this vaunted economy system seemed to unravel. For the rich it meant contracting stock prices that wiped out paper fortunes almost overnight. On that day that the American stock market initially crashed (October 24, 1929), eleven Wall Street finances committed suicide, some by jumping out of skyscrapers. Banks closed and many more people lost their life savings. Investment dried up, world trade dropped by 62 percent within a few years and businesses contracted when they were unable to sell their products. For ordinary

One of the major things that happened in the 1920s was the ratification of the the 18th amendment. The 18th amendment established the prohibition of alcoholic beverages in the United States by declaring the production, transport, and sale of alcohol illegal. There was a couple of positive effects

The 1920s was the era of the prohibition. There was a huge amount of over usage. There weren’t a lot of jobs, people had to do a lot of different things to survive and make ends meet, even if it was illegal or hurt others (Nash). The Prohibition was the 18th amendment and lasted 13 years throughout the roaring 1920s (Nash). The black market for alcohol was hence born. People bribed the police to keep the illegal alcohol sales and consumption under wraps and from not being arrested (Nash). Compared to how women dressed before the roaring 20s, they showed a lot more skin. They actually showed their knees (Scott). Women used a lot of makeup and flashly jewelry, even though back then it was indecent (Scott). People Started to use credit, the “buy now, pay later” method (A Consumer Economy). Even when they couldn’t afford the things they were getting, they still bought, which created a lot of spending (A Consumer Economy). The Crash of The Stock Market caused the banks to hold on to people’s money. Many did not get their money back, due to the greed of the banks and others (A Consumer Economy). This all ties into over usage and greed. The 1920s is a prime example of greed over powering

Cecchetti, Stephen G. "Understanding the Great Depression: Lessons for Current Policy ." Monetary Economics (1997): 1-26.

The 1920’s was known as the Roaring Twenties, the Jazz Age and the era of wonderful nonsense. There were many changes that occurred during the 1920s. Women lives’ changed with the 19th amendment, working outside the home and fashion. Other changes were the Jazz Age and Prohibition. After World War I, Americans wanted to go “Back to Normalcy.

The United States of America entered World War ii when Japan bombed Pearl Harbor, Hawaii. The attack on Pearl Harbor was when Japan bombed Pearl Harbor one of America's naval base. When Japan bombed Pearl Harbor it was a tragedy that forever impacted our nation.

Imagine a time in the history of our nation where the hospitals within were the envy of the world. In the 1960’s the medical facilities in the United States employed more people than the auto industry that served a population where one out of eight would be admitted annually (Stevens, 1996). These marvelous facilities contained air condition, artificial lighting, electric beds, carpeted private rooms, sterile supply services, advanced laboratories, and pneumatic tube systems. The infrastructure was great and it supported a population where more than 70 percent had hospital insurance (Stevens, 1996). In addition to, medical insurance was gaining popularity and major medical insurance companies started to grow.

A major event in American history that has shaped society today is the great depression that began in 1929 and ended in 1939. The official day the stock market crashed was a a day known as “black Tuesday”. At the time, the American government was not prepared nor did they have policies in place that made them well prepared for such an event to take place. This unfortunate event threw Americans into a an economic crisis unlike any event experienced before in history and left millions of hardworking Americans in a state of poverty and misery for nearly a decade.

The 1920s were a period of big changes. There was an increase in Americans now living in cities and the automobile made people more mobile than ever. Although the decade was known as jazz age(because of the popularity of jazz at the time)in many way it was also quite conservative. Though at the time moral values seemed to decrease, the nation deciding to end its open immigration policy, the KKK’s revival , and the controversial trial of a highschool teacher for teaching his students evolution. In the first couple of years after WWI, the country witnessed a brief period of antiradical hysteria called the Red Scare.

There were many depressions throughout the world that happened at different times. The greatest and longest occurred in the United States when the stock market crashed in October 1929. This marked the beginning of a major event that helped shape the economy in the 20th century but that does not mean the economy was perfect. There is no such thing as a perfect economy but from what economists know from the past depressions, they are trying to formulate an economy that is most efficient. Yes, there will be recessions every once in a while but hopefully we have learned from the past depressions on what to do, so it does not get worse and create another depression. Since the Great Depression, economists have been trying to find solutions

In 2008 the world experienced one of the largest economic crisis, next to the great depression of the 1930’s. The meltdown revealed the instability of the US banking system and led to the bankruptcy of investment firm Leimen brothers, and collapse of worlds largest insurance company AIG, which triggered a global financial crisis. International share prices tumbled, causing 30 million people to become unemployed and doubling the US debt. It was the start of a global recession and it was not an accident.

When life is tough you have to be tougher. This is what I remember when I have to become strong and act mature like an adult. The circumstances of the Great Depression forced many young people to go from an adolescent world into an adult world, and use their toughness.

World War I officially ended with the signing of the Treaty of Versailles on June 28, 1919. Negotiated among the Allied powers with little participation by Germany, its 15 parts and 440 articles reassigned German boundaries and assigned liability for reparations (History.com, 2009 Treaty).