Can anyone tell me about the economy of the 1920's?

Question

specific dates and events if you can please. thank you!

Answer 1

The 1920s economy was considered to be pretty good, although that would depend on who you were. There was a lot of mechanization, a lot of industrialization, and a lot of goods produced. The government favored a laissez faire, pro-business policy.
On the good side, there was a boom for a while. Lots of people were buying cheaper products, and there was a great spirit of materialism. On the down side, people weren't saving much, there was a lot of investment in the stock market with margin buying (basically, using up to 90% of borrowed money to buy stock - maximize risk and thus profit, but if you lose money, you lose big), and the wages were not going up, which meant fewer people ultimately had money to buy goods.
Obviously, the market crash in 1929 ended the "roaring 20s" economy.

If you're looking for a historical analogy, the 1980s were similar, but without the killer crash at the end.

Answer 2

The economy was good for "some." In reality there was no financial security for most Americans until after the Stock Market Crash of '29.

It took FDR and the New Deal (social security and gov't reform '30s) to ensure a more full democratic security for Americans.

Answer 3

The econonmy was booming until "Black Tuesday" (October 29, 1929) when the stock market crashed and many, many, many people lost all of their money. This was the beginning of the Great Depression, which lasted through most of the 1930s. It was centered in North America and Europe. Heavily industrialized cities were hit hard.

Answer 4

go to books --peoples memories from that era would be unreliable--anyone that could remember those times would be80+--hand me down memories would be just as unreliable--this is where the pen is mightier than the sword

Answer 5

it was quite gloomy after the stock market crash