stock market

During the 1920s new economic interests and interactions came into light. These combined with the development of the arts and entertainment helped to form the reputation for the “Roaring Twenties”. Economics now allowed people to spend more and make more money. The arts and entertainment made people feel better about themselves, and created a sense of camaraderie. During the 1920s the United States was in an economic high point. Following World War I people had …

…a decade of high spirited good-will, it carried an undercurrent of economic instability which became evident on October 29th, 1929, when the stock market crashed. This was mainly because of a sudden flux of selling stocks, and the fact that buying on margin had created a system where the money to pay out was not actually there. This created havoc among those heavily invested, and lead to an economic depression for years to follow. ------------------------------------------------------------------------ **Bibliography**