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America's Social Status Of The 1920's. Created/Researched By: Haley Day, Grayson Hearn, Tal Kim, Jacob Bryant. What was the 1920's lifestyle like?.
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America's Social Status Of The 1920's Created/Researched By: Haley Day, Grayson Hearn, Tal Kim, Jacob Bryant
"After World War I, research and development propelled the United States and other industrial countries into the age of modern technology. Advances in transportation, communication, and manufacturing allowed middle-class consumers to buy cars, radios, and home appliances, which they saw advertised in magazines and newspapers."
"In their leisure time, people crowded into palatial movie theaters to gaze at films featuring their favorite stars. Actors, writers and sports figures were most admired by the people. Near the end of the decade, the Great Depression would cause consumer spending to drop precipitously."
The "Roaring 20's" wasn't always so roaring. People thought they could spend as much as they would like, but that was all about to change. The stock market collapse & the production of too much cotton were big contributors to the decrease in the economy. What were important events to affect the social status/economy of the 1920's?
The Stock Market Collapses • From 1920 to 1929 the stock market had quadrupled (x4) in their value, but only until October 1929. On October 24th, 1929 (Black Thursday) the stock market began to drop. It wasn't until October 29th, 1929 when the stock market crashed completely (Black Thursday). This was a main reason to start The Great Depression. "The stock market decline caused many banks to fail, which caused many businesses to fail, which caused unemployment to skyrocket, which caused consumers to have less purchasing power, which forced existing • businesses to lower their prices, and so forth." (web.olivet.edu, par. 5) Also the demand for goods decreased because people believed they couldn't buy items because of their losses from the stock market. there were new investments that couldn't be financed as well because nobody wanted to buy new stocks. This effected the economy majorly in the 1920's, as well as the mass production of cotton. • http://www.history.com/topics/1929-stock-market-crash/videos#1929-stock-market-crash • (The People History, par. 10.) (PBS) (web.olivet.edu)
Too Much Cotton • Cotton was the most produced crop in the south in the 1920's. During this time they accidentally overproduced this crop and they had to drop the prices. Cotton farmers toiled in almost depression situations throughout the 1920's (Shmoop, par. 10.)
Who were the important rich people of the 1920's? • Henry Ford • Al Capone • Will Rogers
Henry Ford Ford Motor Company made a lot of money. Within a couple of years, Mr. Ford had become one of the wealthiest people in the U.S. The picture below is Henry Ford's Mansion. "Henry Ford (July 30, 1863 – April 7, 1947) was an American industrialist, the founder of the Ford Motor Company," (Wikipedia, Par. 1). He became very rich and very known all over the world very quickly. His idea of having an assembly line technique allow mass production of cars, which he later then made it affordable for middle class family to own one.
Al Capone Al Capone was a legendary gangster. Also known as "Scarface", Al Capone was involved in almost every organized crime in Chicago. "Between 1925 and 1930, Capone controlled the majority of Chicago's vice industry, including speakeasies, bookie joints, brothels, horse and race tracks, gambling houses and distilleries. His reported income was estimated to be $100 million a year"(United States History, Par. 8). Even his cell is pimped out. This is Al Capone's Money
Will Rogers "William Penn Adair "Will" Rogers (November 4, 1879 – August 15, 1935) was an American cowboy, vaudeville performer, humorist, social commentator and motion picture actor. He was one of the world's best-known celebrities in the 1920s and 1930s" (Wikipedia, Par.1). "Will Rogers was adored by many American people. In his lifetime, Will has produced 71 movies. (50 silent and 21 talkie)" (Wikipedia, Par.2).
In Summary In those days, people would do anything to get rich, wealthy, or to get money in general. It didn't matter whether the jobs they did were legal or not. It was about making money to put food on the table for their family. For some it was a time to build up an empire. Henry Ford was able to make millions by his assembly line technique. Will Rogers was a famous actor between 1920-1930 and Al Capone was a legendary gangster that would do by any means to get money.
What was it like to be in the lower class during the 1920s? • Grayson Hearn
The 1920s The 1920s were full of extravagance but also terrible hardships. The Wall Street crash affected everyone but those at the bottom of the lower class were pushed lower.
In the 1920s, the media focused primarily on celebrities. Mainly movie stars and sports figures. With the media focused on celebrities, the lower class got no attention so they got no help from the upper class community.
Those of the lower class lived in "Shanty Towns", which were little towns outside of large cities where poor and homeless made shelters out of trash or any materials they could find.
Bibliography Wikipedia. August 24th, 2012. <http://en.wikipedia.org/wiki/Henry_Ford>. Wikipedia. August 26th, 2012. < http://en.wikipedia.org/wiki/Will_Rogers>. United States History. August 29th, 2012. < http://www.u-s-history.com/pages/h1616.html>. Class Zone. August 30th, 2012. <http://www.classzone.com/net_explorations/U7/U7_article1.cfm>. Wikipedia. August 30th, 2012. <http://en.wikipedia.org/wiki/Roaring_Twenties>
History.com. August 29th, 2012. <http://www.history.com/videos/1929-stock-market-crash#1929-stock-market-crash>. • The People History. August 29th, 2012. <http://www.thepeoplehistory.com/1920s.html>. • Stock Market Crash of 1929 and the Effects on the Economy. August 29th, 2012. <http://web.olivet.edu/gradusers/kwatts1/stockcrasha.htm>. • Shmoop. August 29th, 2012. <http://www.shmoop.com/1920s/timeline.html>. • The First Measured Century. August 29th, 2012. <http://www.pbs.org/fmc/timeline/estockmktcrash.htm>.