credit and stock market
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1920-1929

1920-1929 | credit and stock market | Scoop.it
lakesha fielder's insight:

 The main theme of this decade was the idea of the roaring 20's leading into the depression.  The country was full of good times and rebellion with things like the stock market, Jazz, bootlegging, flappers, high spirits, and a supposed strong economy.  This effected people then in many ways then.  Role models were a big part of commercials and the new attitude for Americans.  People like Babe Ruth and Jack Dempsey gave people someone to believe and look up to.  The Jazz Age created new music for people to dance to.  New untraditional styles of dancing were also created by people like flappers, who rebelled by creating new styles like short hair, shorter skirts, and make up.  More economic freedoms and ideas started getting more Americans than ever before investing in the stock market, buying on margin, and using credit.  This was all highlighted by the bootlegging and rum running that kept America wet during prohibition.  All this came to a catastrophic end though in 1929 when the stock market crashed.

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The Stock Market Crash of 1929

The Stock Market Crash of 1929 | credit and stock market | Scoop.it
After a boom on the stock market that enticed many everyday people to invest their entire savings, the stock market crashed on October 29, 1929.

 

The end of World War I heralded a new era in the United States. It was an era of enthusiasm, confidence, and optimism. A time when inventions such as the airplane and radio made anything seem possible. A time when 19th century morals were set aside and flappers became the model of the new woman. A time when Prohibition renewed confidence in the productivity of the common man. It is in such times of optimism that people take their savings out from under their mattresses and out of banks and invest it. In the 1920s, many invested in the stock market.

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