Farm. Many new farm machines were developed in this time.
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The economic situation in the 1920s were that the Roaring Twenties was cooling down. The age of prosperity, and wealth, showed warning signs of forthcoming poverty. Since everyone was buying during the Roaring Twenties, usually on credit, they got into debt. Simultaneously, many people realized that they where in debt, and then therefore tried to sell their stocks. On Black Tuesday, the stock market crashed. On that day, everybody was selling. There was not a single buyer. Overproduction in factories put farmers, dress factory workers and railroad workers in dept. Since women's skirts were shorter, they didn't need as much fabric. Now everybody had a car because of Henry Ford's assembly line, which made the car affordable. Farmers overproduced, because during WWI, the allied powers needed food, since the war was being fought in their countries. Farmers kept on producing, and bought more land or tractors on loans. They then couldn't pay back the loans because nobody needed that much produce anymore. Overproduction was the key factor in launching the U.S into the Depression Era.Extra Fact; Calvin Coolidge was the President of the U.S during the Roaring Twenties. Herbert Hoover was President during the Depression Era.
"During the Roaring 20s there was a farm depression. Farmers produced more food for WWI, but when the war ended there was less need for the goods. Prices of farm products fell 40%. The farm depression led up to the Great Depression. When the farmers went broke, they could not pay their mortgages. They had to rent farms and move. Banks also started to go bankrupt during the 1920s. The banks went broke because the farmers were not doing well. About 550 banks went broke in a year because of the farm failures."
Farmers overproduced farm crops.
Burned
Farmers were not doing well during the Roaring Twenties because new machinery was invented so farmers were producing more food than needed. That caused food prices to go down.
During the 1920s the farmers' debts increased as a result of the crash of the stock markets. This is the period in history which was known as the Great Depression.
Yes because the period of economic boom and stock market bubble during the 1920s is often referred to as the Roaring Twenties.
"John I signed the Magna Carta in 1215" does not describe a result of the automobile industry's influence on life during the Roaring Twenties.
jazz music
womengirlsfemales
Route 66 was built in the 1920s during the "Roaring Twenties".
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Herbert Hoover was the president in the 20s
The Roaring Twenties and The Jazz Age were used interchangeably during the 1920s
Herbert Hoover, Warren Harding, & Calvin Coolidge.Harding, Coolidge, Hoover
the roaring twenties was a celebration of youth and its culture. Crazy and frenetic dances, silly songs, and radically new styles of clothing. MAny women started smoking and drinking in public and wearing short skirts and hair.