This website uses cookies to ensure you have the best experience. Learn more

Research Paper: Roaring Twenties

1729 words - 7 pages

Research Paper: Roaring Twenties
After World War 1, America had to demobilize and revert back to a peace time economy. During the 1920’s, it was viewed as a prosperous economy since there was a new labor force due to demobilization, new inventions, and a new infrastructure. Also moral spirits were high since America along with the Allied Powers defeated Germany and the Great War was finally over. However, America began making many economic policies and decisions that will eventually lead up to the Great Depression.
One economic policy was that “the Federal Reserve had raised interest rates in hopes of slowing the rapid rise in stock prices” (Romer, 3). At the time the “stock prices had ...view middle of the document...

Some examples of the new infrastructure would be new roads, highways, expressways, electrification, and telephone lines (“Spiritus-Temporis.com”). More than half of the government nonmilitary investments were used on highways (122). Another 27 percent of the nonmilitary investments were used on nonresidential buildings such as schools and 12.5 percent were used for the water infrastructure (122). It is believed that most investment in an infrastructure would usually be paid off in the next election cycle which is what the government was depending on (Rauch, 970). Even though the economy was booming, the United States was in severe debt from World War 1. To make it worse, other countries owe America money since it was the largest creditor, however, this would cause the global economy to slow down (Romer, 5). With further spending on the new infrastructure, the government was plunged deeper into debt hence adding severity to the Great Depression that was soon to come.
The 1922 Forney-McCumber Act was another policy that would lead to the Great Depression. This was based off of the idea of protectionism and a successor to the 1913 Underwood-Simmons Tariff. During the Great War, the agriculture industry enjoyed great prosperity due to the fact that the Americans were exporting large supplies of food to Europe (Kaplan). After the war, the output of American goods would decrease because Europe will no longer require the assistance. The surplus of American agricultural goods could no longer be absorbed into the national economy thereby driving the price of good down (Kaplan). From this, the industry, gained a gross income of 10.5 billion dollars down from 17.7 billion dollars, and the index of all farm prices dropped up to thirty points (Kaplan). The reason for this tariff was to protect American agriculture goods from many other imports hence raising prices for domestic goods. However, this tariff failed because the agricultural industry was now too dependent on foreign markets especially during World War 1. This tariff basically drove prices of farm equipment up, hence causing less production and driving the agricultural industry further into depression (Kaplan). Also to damage the agricultural industry furthermore, other countries began to have tariff wars therefore placing emphasis on isolation and a revival of protectionism (Kaplan). This in turn would hurt all domestic and international economies because the industrialized nations were already a part of a globalized economy that were each interdependent on each other. From this, the federal government will pass the Smoot-Hawley Tariff of 1930, raising the tariff even higher. This tariff will be the “beginning of the end of major US protectionism in the 20th century.” This would cause the United States to become even more isolated hence plunging it into the Great Depression.
Another policy would be that the United States chose to return to the Gold standard. “Under the Gold standard, each...

Other Essays Like Research Paper: Roaring Twenties

History of America Essay

568 words - 3 pages voting for people of all races. In later years, civil rights were extended to women and black Americans, following effective lobbying from social activists. The Nineteenth Amendment prohibited gender discrimination in voting rights; later, the Civil Rights Act of 1964 outlawed racial segregation in public places. The Progressive Era marked a time of economic growth for the United States, advancing to the Roaring Twenties. However, the Wall

History Of Jazz Essay

1749 words - 7 pages real start of the capitalistic nature of the music industry.As Swing music reflected the feelings of the roaring twenties and thirties the onset of World War II changed he nation's music significantly. While the style remained unchanged and the big brass bands remained popular artists like Bing Crosby, Frank Sinatra, and Judy Garland gained in popularity immensely. Singing about American pride and the war became the popular things to do. Songs

The Great Gatsby

1473 words - 6 pages Amidst the exceedingly prosperous decade of the 1920’s, traditional American lifestyles and principles were interjected by the new superficial and materialistic beliefs closely associated with “The Roaring Twenties.” Undoubtedly, the 1920’s were a decade of change. Deteriorating moralities and optimistic beliefs of overnight wealth replaced strict traditional views on religion, family structure, and work ethics. In an era of such high optimism

Research Paper Number 1

4196 words - 17 pages Research Paper Number One Nathan C. Fears, Student Kaplan University Abstract The perception of the financial and the accounting field over the past decade has been very poor in the eyes of the public. Especially after many recent scandals that have more then embarrassed the industry. The overall idea behind the field of accounting is for accountants to serve the public for the greater good. Yet the

American Imperialism

800 words - 4 pages Research Paper The effects of the United States Imperialism By Andrew Watterson John Brown University 3/6/2013 American imperialism is believed to have truly begun in 1898 when America fought the Spanish in order to obtain Cuba, Puerto Rico and the Philippines. The Spanish-American War was during the presidential administration of President McKinley. It was caused by the sinking of the U.S. battleship, USS Maine, in Havana harbor in 1898

Kara Welker

1780 words - 8 pages Shocking the art world with her black silhouette depictions of blacks and whites engaged in situations ranging from lynchings to rape and even bestiality during the pre-Civil War South, Kara Walker has achieved both notoriety and acclaim in the art world while still in her twenties. “It is hard to think of another artist in the last three or four years who has emerged as rapidly,” commented Alexis Worth on Walker in a 1996 issue of Art in New

Culture Heritage Assessment

1849 words - 8 pages (and the belief is, if you leave carrots out for his horses, you were left some “sweets” as well). Sadly, I don’t think this is in homage to my ancestors so much as my father’s military career which had us stationed in the Netherlands for four years. In doing research on European Americans for this paper, I find that I am not unique in my lack of culture. “European-Americans have never experienced a truly cohesive experience. Instead of one

Werner Heisenberg and the Heisenberg Uncertainty Principle

4926 words - 20 pages Werner Heisenberg, born in the dawn of the twentieth century became one of its greatest physicists; he is also among its most controversial. While still in his early twenties, he was among the handful of bright, young men who created quantum mechanics, the basic physics of the atom, and he became a leader of nuclear physics and elementary particle research. He is best known for his uncertainty principle, a component of the so-called

Research Paper: the Reflections: Young Goodman Brown vs, the Salem Witch Trials

2434 words - 10 pages Research Paper: The reflections: Young Goodman Brown vs, The Salem Witch Trials 1692 in Salem Massachusetts. You have just been accused by and “afflicted girl” of being a witch. The reason you have been accuse could be many possibilities. Perhaps you’re reclusive, talk to yourself, or exhibit some other form of eccentric behavior. Perhaps you were in a previous dispute involved with the family of the conflicted girl. Perhaps you go to the

Marketing

4294 words - 18 pages Thoughts of Management Gurus Case Analysis On MARKETING MYOPIA By Theodore Levitt Introduction Marketing myopia is a term used in marketing as well as the title of an important marketing paper written by Theodore Levitt. This paper was first published in 1960 in the Harvard Business Review; a journal of which he was an editor. One of the most important marketing papers ever written was that on

Kurt Vonnegut Literary Research Paper

3648 words - 15 pages Ganelle Curry Professor Meredyth Puller English 102-12 February 27, 2013 Literary Research Paper This literary research paper is based on the book Welcome to the Monkey House: A Collection of Short Works by Kurt Vonnegut. Welcome to the Monkey House: A Collection of Short Works consists of 25 short stories most of which had previously appeared in magazines such as The Atlantic Monthly, Ladies Home Journal, Fantasy and Science Fiction

Related Papers

The Roaring Twenties Essay

620 words - 3 pages The Roaring Twenties Morgan Foot The roaring twenties was a time of happiness, parties, flappers, and a different mindset on life, most had money, and so, an American standard of living had erupted. But still 40% of American s was living in poverty. A ban on alcoholic beverages had also arisen, but with all rules, they will be broken. Clubs and secluded areas would still sell alcohol to anyone. This came a rise in gangsters

The Roaring Twenties Essay

817 words - 4 pages The Roaring Twenties, Jazz Age, and the Golden Years were names synonymous for the 1920’s. The economic boom after World War 1 liberated the American people resulting in an increase in population who were happy and worry-free. This inspired artists and writers to be creative. Some stories helped people dream and conquer all but others showed the hardships people faced. The Algonquin Round Table Journalists, editors, actors, and press

Roaring Dragon Essay

2497 words - 10 pages CASE STUDY ROARING DRAGON HOTEL ABSTRACT: This paper introduces the concept based on guanxi neglect through takeover of a formerly Chinese managed hotel by a western based international hotel management company. It mainly covers the cultural conflict that has occurred for employees trying to adapt from the former Chinese relationship based planned methods of hotel management to that of the more market oriented, Management Company. The

Diagnostic Paper On Joan Crawford

2405 words - 10 pages treatment. Background Information Among Hollywood’s trailblazing women in film was Joan Crawford who represented not only well-earned stardom but who also took the lead in paving her way during the transformation of women’s roles after the turn of the century including the Roaring Twenties and Prohibition. Joan Crawford acted in musical revues, was a flapper during the Roaring Twenties, acted in silent films, was among the first actresses in