![]() ![]() Throughout the 1920s a pro-business atmosphere had dominated the United States, and the economy had flourished, with companies expanding, foreign trade thriving, and the stock market on the rise. At the time, however, they were not so clear. Many decades later, it is easy to say that these warnings should have been heeded. ![]() But as the decade wore on, there were indications that even those who had benefited most from the strong economy would soon be in trouble. Of course, some parts of the economy, and some people, had been left out of the general prosperity of the 1920s from the beginning. Examples include the out-of-control speculation on the stock market, overproduction of goods, andĭeclines in construction. However few people saw the change coming and of those who did, most ignored it.Įven as enthusiastic investors were trading stocks at unprecedented rates, and a majority of the population assumed that the good times would go on forever, there were warning signs that this was not the case. Similarly, the shift to the grim days of the Depression was neither as unexpected, nor as sudden as it may seem. It is more accurate, however, to recognize that many of the changes and circumstances of the 1920s were rooted in previous decades. The special nature of the 1920s, with its colorful characters, exciting developments and events, and entertaining fads and trends, makes it tempting to frame the decade in that way. It is common to think of the Roaring Twenties as a distinct period in history, bounded on one end by World War I (1914–18) and on the other by the stock market crash and the Great Depression (1929–41), the period of economic downturn and hardship when millions lost their life savings, their jobs, and the sense of security they had once known. ![]()
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