How were the great depression and roaring twenties similar?

Answer 1

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AnswerIn the 1920's, there was a lot of artificial wealth created. Many people were rich on paper, but had no tangible holdings to back it up. Companies invested in each other and the stock market was artifically boosted. In October 1929, when citizens began a "run" on banks to withdraw their money, it was discovered that their money wasn't really there. This led to panic, bankruptcies, unemployment, foreclosures, etc.

Answer 2

The 1920s was called various names such as "The Jazz Age," the Age of Intolerance," and the "Age of Nonsense." But perhaps the most telling was the "Roaring Twenties." It was the beginning of modern America, in politics, arts, customs and fads, literature, sports, etc. Americans felt a relief following the Great War. The nation had survived the deadly worldwide influenza epidemic of 1918. The Twenties was a time of change for just about all the population. Youthful "Flapper" women provoked the older generation by smoking in public, wearing brief skirts, bobbed hair styles, and the use of lots of makeup. New fads included the Charleston dance, dance marathons, flagpole sitting, and flying stunts in the new airplanes. Many sports became "spectator sports" with Baseball and Babe Ruth perhaps being the biggest. Business continued to grow and outward appearances seemed to indicate no slowdown in site. More new products were developed and the consumer was given the opportunity to buy these products "on time." Government seemed unwilling to try too much regulation for fear of upsetting the economic boom.

When the boom ended, the US economy had collapsed. Many people lost their life savings while others were only able to get a small percentage of their money out of failed banks. Unemployment became higher than ever before. While there are no exact figures because a lot of people just dropped out of the job market, some who lived and studied during the Great Depression said unemployment probably hit 40 percent during the height of the Depression. Families were displaced, people could not afford to do things they did during the 20s, and the nation looked to Washington for help.

Answer 3

Following the Great War years, it seemed like America, including the government, decided to let go and have a bit of fun. Materialism increased. Enjoying life, without restraints, seemed to be the goal of the decade. Business continued to grow and outward appearances seemed to indicate no slowdown in site. More new products were developed and the consumer was given the opportunity to buy these products "on time." Government seemed unwilling to try too much regulation for fear of upsetting the economic boom. The problem was that there was much that needed regulation, especially in the economic sector. The Stock Market crash signaled that it was now too late to start that regulation.

Answer 4

read of mice and men

it should help.