
The 1920's were a time of great economic
prosperity, or so it seemed. The stock market was booming, more people
than ever were investing and buying things on credit. Finally,
people felt like they could get their taste of the American dream.
They could buy things that they never could have bought before: from refrigerators
to cars to houses. It was a time of fun, fulfillment, and promise.
It was a time of industrial change as well. Henry Ford developed
the assembly line and many technological developments subverted the need
for human labor. Many farmers lost their shirts after the war because
of a surplus of crops that were no longer demanded by people overseas.
During the war, the farming industry had thrived because of a high demand
for grains at the front. Farmers took profits and bought more land,
speculating that they would increase profits by producing more crops.
After the war, grain demands went down, and the land was worthless.
Many small farms went under, causing a migration to cities where factory
jobs were becoming more readily available.
During the twenties, people began to abandon fundamental, conventional
thinking. Women dressed less conservatively and young people shocked
their parents with their radical ideas. Women won the vote in 1920, and
much emphasis was placed upon assuring women's rights and encouraging further
growth and prosperity in the women's rights movement.
Darwin's philosophies were taking form, and people began to question the
values that they had been taught to embrace in earlier decades. Prohibition
took effect in 1918, and for the first time, many people questioned
the government's authority. Speakeasies popped up and bootleggers
made a fortune. And then came October 24, 1929-- Black
Suddenly, the instabilities
of the 1920's economy came to light. The gap between the rich and
the poor widened. People had paid for many luxury items such as refridgerators
using an installment plan, and when they couldn't pay for it, the marketers
had no way of getting their money. Businesses went bankrupt, and
items were repossessed....the Great Depression had begun.