Roaring Twenties Outline
Main Point:The 1920s or The Roaring Twenties were an era of social and political change.
Examples/Details/Explanations:
a. The dramatic change was a lot such many Americans lived in cities rather on the farm , the country wealth doubled between 1920 and 1929. b. After the World War one in 1918 , American had a massive economic boost with plenty of jobs with new manufacturing plants and built things aside from the airplane engine, but household item such has TV , cars, refrigerator , radio , and washing machine. c. The car was not necessary, but a luxury for the super-rich, which helped the cities into their “modern incarnations” according to Heather Whipps. Main Point: Many historians have talked about life in the United States …show more content…
Harding he believed in isolationism and nativism. with rapid move in the economy with WW1 according to (eyewitness to history) 42 percent of Americans lived on farms, but because of urbanization by the end of the twenties the percentage was decreased to 25 percent. Because of urbanization, many people worked in factories where five dollar workdays which was considered a good worker pay. Technology played a great role bring the economic and cultural good times, many American enjoy things like car rides. Henry Ford sold more 15 million cars called the Model T by 1927. Ford is mostly known for assembly line which was the key to success, with demanding of car construction of road and highway brought fund in the economy. Culture change was also emerging , radio was in every house in America. The first radio station started in Pittsburgh was called “KDKA” . Radio became pastime throughout the country family gather in the living room to listen concert, sermon, and sport. Also first movie was introduced with sound and the jazz singer was in it Al …show more content…
The plant of the Depression were already present in the "boom" years of the 1920s. United States real gross grew more than 45 percent in years of 1921 and 1929.
The economy of the America was destroyed overnight. Factories companies and banks around the nation began go out of business and million of Americans suffered unemployment. More than 5,000 banks collapsed and by 1932 there were 12 million people out of work in America (Chris Butler, 2007).
Cornell University Economist Harold L. Reed observed “the greatly increased open market purchases of the Reserve banks in the first half of 1927, and the ensuing reductions in discount schedules from July of that year on”.
Keynes argued that the government could have exhilarated the economy by spending money on projects and Taxation, "By spending money the government can create jobs; workers with jobs created by the government spend money; this creates more jobs."(Keynes)
F. A. Hayek gave more important to the conduct of the economy's form of production over the depression. Hayek’s account of what had gone wrong "(in a nutshell: loose monetary policy had distorted interest rates and production patterns)"became the main point to Keynes’ account
Examples/Details/Explanations:
a. The dramatic change was a lot such many Americans lived in cities rather on the farm , the country wealth doubled between 1920 and 1929. b. After the World War one in 1918 , American had a massive economic boost with plenty of jobs with new manufacturing plants and built things aside from the airplane engine, but household item such has TV , cars, refrigerator , radio , and washing machine. c. The car was not necessary, but a luxury for the super-rich, which helped the cities into their “modern incarnations” according to Heather Whipps. Main Point: Many historians have talked about life in the United States …show more content…
Harding he believed in isolationism and nativism. with rapid move in the economy with WW1 according to (eyewitness to history) 42 percent of Americans lived on farms, but because of urbanization by the end of the twenties the percentage was decreased to 25 percent. Because of urbanization, many people worked in factories where five dollar workdays which was considered a good worker pay. Technology played a great role bring the economic and cultural good times, many American enjoy things like car rides. Henry Ford sold more 15 million cars called the Model T by 1927. Ford is mostly known for assembly line which was the key to success, with demanding of car construction of road and highway brought fund in the economy. Culture change was also emerging , radio was in every house in America. The first radio station started in Pittsburgh was called “KDKA” . Radio became pastime throughout the country family gather in the living room to listen concert, sermon, and sport. Also first movie was introduced with sound and the jazz singer was in it Al …show more content…
The plant of the Depression were already present in the "boom" years of the 1920s. United States real gross grew more than 45 percent in years of 1921 and 1929.
The economy of the America was destroyed overnight. Factories companies and banks around the nation began go out of business and million of Americans suffered unemployment. More than 5,000 banks collapsed and by 1932 there were 12 million people out of work in America (Chris Butler, 2007).
Cornell University Economist Harold L. Reed observed “the greatly increased open market purchases of the Reserve banks in the first half of 1927, and the ensuing reductions in discount schedules from July of that year on”.
Keynes argued that the government could have exhilarated the economy by spending money on projects and Taxation, "By spending money the government can create jobs; workers with jobs created by the government spend money; this creates more jobs."(Keynes)
F. A. Hayek gave more important to the conduct of the economy's form of production over the depression. Hayek’s account of what had gone wrong "(in a nutshell: loose monetary policy had distorted interest rates and production patterns)"became the main point to Keynes’ account