Saturday, May 23, 2020

Effects Of The Great Depression The Effects On Social...

The Great Depression: The Effects on Social Classes in America Patrick Holland History 11 Ms. Musso and Ms. Roche February 12, 2015 The 1920s was known best for its wealth, parties and free spirits giving it the nickname of the  ¨roaring 20s ¨. Contributing to the the lavish lifestyle of the 1920s, women, known as flappers, challenged gender roles and broke social norms with their outfits and behaviors. New inventions, such as radios and model-T cars became the foundation for the thriving economy. The country s culture had been making huge strides and the economy was on an upward climb. Everything about society in the ‘20s seemed to be flourishing. At a rapid rate, more middle and lower class people began investing massive amounts of money. Borrowing money from bankers to finance the get rich quick hobby these classes were engaging in produced dangerous trends. At the peak of the economy in the 1920’s, warning signs began to present themselves of a future economic decline. Many United States citizens ignored the small signs like a subtle rise in stock prices. As the small signs began to become i ncreasingly more evident, big investors sensed danger and took proper precautions. However, the middle and lower class investors were not savvy enough to predict the crash. Finally, on October 29th, 1929, what is now known as  ¨Black Tuesday ¨, the Dow Jones Industrial Average dropped almost 23 percent and the market lost between $8 billion and $9 billion in value.Show MoreRelatedThe Closing Musical Number Remains A Clear Example Of The Film1488 Words   |  6 PagesThe closing musical number remains a clear example of the films ability to handle the social issues, contradicting the light-hearted narrative prior to it. This number makes up for its lack of integration by evoking strong sympathy for displaced WWI veterans who now face a more intangible enemy in the form of the Depression. 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