This section contains 500 words (approx. 2 pages at 400 words per page) |
In 1929, the United States was on the verge of transition from the Jazz Age to the Great Depression. The 1920s were a complicated decade in American history. There was an illusion of economic prosperity. Big business got bigger in the economic boom as corporations grew. This boom made many rich and powerful and gave others the idea that they could become wealthy as well. The source for this wealth was perceived to be the stock market, which kept getting bigger throughout the 1920s. In 1929, stock market madness hit its peak, and those who ran the stock market could not keep up with the rapid changes. Warning signs were ignored about the artificially high bull market. On October 29, 1929, the stock market crashed on Black Tuesday and soon the Great Depression set in. Within a month, unemployment rates had quadrupled.
Before the crash, cities were seen as places...
This section contains 500 words (approx. 2 pages at 400 words per page) |