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Did America in the 1920's "Roar" for everyone?

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Introduction

Did America in the 1920's "Roar" for everyone? In the first three decades of the 20th century, America became the richest and most powerful country in the world. Its population, wealth and industry were growing fast. It had plenty of natural resources (oil, coal, iron ore etc.) The average American worker earned 5 xs more than in Europe. Many Americans owned their own cars. America was so rich it could lend money to Europe. At the end of World War I, America turned its back on Europe. It didn't join the League of Nations in 1922. Also in 1922 the McCumber tariff was introduced, this put heavy taxes on cheap foreign imports. This made goods from other countries look very expensive to buy in America, so Americans bought American made goods, and American companies made big profits. However foreign countries retaliated by putting high taxes on American goods being sold in their countries. By the late 1920's this was a big problem for America and Europe. Isolationism roared for American companies as they made huge profits but the American people lost out too because Europe couldn't export goods to America which is a very big country. So the tariff helped industry roar for most of the 1920's because Americans only bought American made goods which meant that American companies made huge profits. However by the late 1920's American companies were finding it hard to sell their goods in America because Americans already had their goods and other countries would not buy them because of the high taxes on them. The Ku Klux Klan wanted to stir up hatred and prejudice against blacks, Jews, Foreigners and Catholics. The Klan had been founded by southern whites after the American civil war. In 1900 the Klan died out but then in 1915 William Simmons, an ex-history teacher from Georgia, re-founded the Klan. By this time all the states of the old south had bought in "Jim Crow Laws" These laws said that blacks should be "separate but equal". ...read more.

Middle

Although it seemed that the campaigners had won a victory, it didn't roar for them as prohibition failed. The radio gave much greater access to new music. Jazz music became an obsession among young people. Black people who moved from the country to the cities had bought jazz and blues music with them. Blues music was particularly popular among the black population, while jazz captured the imagination of both white and black young Americans. Such was the power of jazz music that the 1920's became known as the jazz age. Along with jazz went new dances such as the Charleston, and new styles of behaviour which were summed up in the image of a flapper, a woman who wore short dresses and make-up and who smoked in public. One writer said that the ideal flapper was "expensive and about nineteen". The older generation saw jazz and everything associated with it as a corrupting influence on the young people of the USA. The newspapers and magazines printed articles analysing the influence of jazz. Only black people played jazz well in the 1920's and they played it from the heart. Jazz artists became famous across America with bands like King Oliver's Creole Jazz Band and people like Louis Armstrong. Jazz and Blues roared for black Americans because it gave them some thing they were better at than white people it also made them rich if they became well known. Young Americans benefited as well because they got a new music genre and dances so they could separate themselves from the old generation. White Americans lost out because they could not play the music like the blacks. Old people lost out because they thought it was a corrupting influence on the young people of USA. It roared for the Black musicians because they could get jobs that made a lot of moneys and they got the respect of not only other black Americans but also the white Americans. ...read more.

Conclusion

That evening, five of the country's bankers, led by Charles E. Mitchell, chairman of the National City Bank, issued a statement saying that due to the heavy selling of shares, many were now under-priced. This statement failed to halt the reduction in demand for shares. On 29th October, over 16 million shares were sold. The market had lost 47 per cent of its value in twenty-six days. Although less than one per cent of the American people actually possessed stocks and shares, the Wall Street Crash was to have a tremendous impact on the whole population. The fall in share prices made it difficult for entrepreneurs to raise the money needed to run their companies. Within a short time, 100,000 American companies were forced to close and consequently many workers became unemployed. As there was no national system of unemployment benefit, the purchasing power of the American people fell dramatically. This in turn led to even more unemployment. The Wall Street crash sent America and the rest of the world into a deep depression. When Wall Street crashed America isolated itself from the rest of the world to try and get itself back on its feet this sent the rest of the world into a depression by not being able to export and import goods to or from America. I don't think anyone benefited from the great depression the people who were best off were wealthy people who were not pulled into the depression. But thanks to America isolating itself from the rest of world it dragged the rest of the world down with it so the whole world suffered as a result. Businesses lost out because they could not export or import thing to and from America. Businesses in America had to shut down because of lack of funds so they owners and workers lost their lively hoods. Average American citizens lost out because they lost their jobs so could not afford to pay for clothes, food or shelter. The Wall Street crash caused a chain reaction which lead to the great depression. Jack Powell 10TH ...read more.

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