• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Why did the US suffer an economic depression in the 1920's?

Extracts from this document...


Why did the US suffer an economic depression in the 1920's? In the 1920's life in America was good this was because of several different reasons, the one reason was immigration. Thousands of people from Europe and different places came to make a better life, ether they where poor and wanted to live the American Dream, where everyone profited. This didn't go well as over 860,000 people where coming in so the had to put laws on, the 2 main laws where 'immigration act' of 1917 and 'emergency quota act' of 1921. This made it that no one over 16 who couldn't read was let in, and that only 357,00 immigrants where let in. ...read more.


moved in front of them, different companies did this and made millions but kept doing it until everyone had a car so no more where needed but they kept making and not selling this lead to people loosing jobs so they didn't have the money to buy food, so the shop lost money and he fired his staff and his went on. Many companies lost money and closed down as they had overproduction. Another reason was because of trade with other countries was difficult as there was an import / export tax with high tariffs on. This stops them selling good to Europe, Asia and Africa. ...read more.


On Thursday 24th October 1929 shares fell faster and lower than any other time befor and since. For this it was named 'Black Thursday'. Shares went down over 200% and every second it dropped, people lost all there money. Companies like Radio where c505 and on that day they when down to c28, even worse that people had got the on the margin and they wanted the rest of there money back and the peple didn't have any so they had to sell there cars, homes nearly everything to pay them back. All these problems made the 1920's in America a bad time to live if you where poor. Laurence Noden 10AW ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE USA 1919-1941 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE USA 1919-1941 essays

  1. (Q1) Describe some of the key features of Americn society in the 1920's?

    Soon drinking in speakeasies became very common. People who went there enjoyed themselves by dancing and drinking in the speakeasies as well as dressing up and loosening their sexual inhibitions. Although the police force tried to control America, it was not possible to stop people from drinking alcohol.

  2. Did everyone suffer equally from the depression?

    Soon it cost more to transport food than the actual prices of food. So because of this, farmers could not pay their mortgages, and when the Sheriffs and mortgage collectors came, farmers started to scare them off with pitchforks and guns.

  1. To what extent did America roar in the 1920s?

    On average, workers only worked in assembly lines for three months because the work was monotonous and hard and Ford had to double wages in 1913 to $5 a day. In addition, workers were not allowed union representatives and there was a poor morale because people hated their jobs.

  2. In the 1920's America was the richest and most powerful country in the world ...

    If they could they were bought at only a fraction of the price. The same was true with overseas customers. When farmers could not pay their mortgages and other debts many were thrown off their land. Some grew so desperate that they would get a group of farmers together, gather

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

    His view was that "prohibition is a business. All I do is supply a public demand." By 1925 there were more speakeasies in American cities than there had been saloons in 1919. Izzy Einstein filed a report to his superiors on how easy it was to find alcohol after arriving in a new city.

  2. The great depression.

    Like College football, pro football suffered from staggering attendance in the cold months. Attendance dropped 50% during the depression, forcing teams to fold. Surprisingly, teams from colder climates like Green Bay, Detroit and Chicago survived the Depression, while teams from warmer climates did not.

  1. What was it like to live during the 1920's in USA?

    There was no dole over this time. This meant that the poor were getting even poorer. The whole point of this new attitude was to help the rich and give them a freedom of enterprise. The second policy brought by Harding was named "Rugged individualism" this was basically a statement by the government which said that "it

  2. Revision Notes - the USA in the 1920s and 30s.

    industry -Women smoke and drank in public -Got the vote in 1920 -Consumer boom led to labour saving devices-less housework so more time -Short hair, more makeup, shorter skirts(but not too short) and bright(ish) clothes -Went to speakeasies without a chaperone Racism and Intolerance * Attitudes to immigrants-Anti-German feelings after WW1.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work