The great depression meant that many of the families had lost their savings; it was horrible to know that all the money that they had saved throughout the years has just vanished so quickly. They were also afraid of the growing communist party; they wanted to abolish private companies, land and businesses. If this happened many of the middle class would lose their job where they were able to make money. Therefore because of this they saw Hitler as a strong leader who could help their country recover and
As soon as everyone found out (thought) the stocks were worth much less, everyone sold and additional cash was needed to pay off all of their debts. Why did the stock market crash of 1929 effect the US in such a magnitude as it did? There are multiple answers to this question. One answer was because people didn’t buy stocks with money, like you would food. They bought stocks with other stocks and the assurance that the money they would give was in stock already.
The book is a revelation on how thing was in the roaring twenties and the attitude of rich people. The American Dream was a corrupted dream and people forgot about the spiritual value of money. How you obtain your wealth is important idolizing something and someone will take away the ability to have control. Lying, crime, and being deceitful can lead to death Gatsby was a confidence man with his life that was superficial and morally degrading. In the end the price was paid he was better of just being
The group that suffered a great deal - proportional to their income - was the middle class. Their hard earned savings disappeared overnight. They did not have the wealth or land to fall back on as the rich had. Many middle class families had to sell family heirlooms to survive. It is not surprising that many of those middle class, who suffered in 1923, were to turn to Hitler and the Nazi Party.
Recession- The recession is an opposite of boom stage. The unemployment increase, most of firms are losing confidence and stops invest or expand. They may change their planning and started to survive. The customers are likely to save money then spend and the percentages of loans are high and may increase. Individuals are losing jobs and the government have to spend more money of benefits.
Gab Rudnitsky Amusing the Millions Essay The Turn of the Century After the civil war completely demolished the economic conditions throughout the United States, it was crucial for the citizens to work hard to bring them back to their prewar conditions; with all of this hard work brought stress. People were constantly busying around in the cities and going to work with little to no leisure time. In fact, there were not very many ways to spend their leisure time. Americans needed to find escapes from their everyday life in order to keep at least some of their sanity. New York City’s Central Park was their first attempt at an escape.
Also people were dying to spend their money after the war because there was nothing to spend their money on before, making wages and savings accounts at an all time high. Almost close to 60 percent of people made it into the middle class. Music had a great impact on the 1950’s. Many famous musicians and actors were taking the stage to change the
The Great Gatsby by F. Scott Fitzgerald The American Dream before World War 1 was about moral values and the pursuit of happiness. Unfortunately, the War led to an economic boom in which people bought materialistic items they would have never bought before. This caused the dream to decay and people started to believe that worldly pleasures, money and ultimately, greed was above everything else. With this economic boom, any person of any social class could become wealthy. Jay Gatsby’s need to climb the social ladder and become the romantic hero for his lost lover shows the need of wealth for people in this era.
In a lecture by Professor Newman, it was made known of the concept “selling short”, meaning, big businessmen would try to make more money on a market they knew was going down, and with that came a lot of common people losing money. When prices started to collapse over 40 billion dollars’ worth of stock value suddenly disappeared, and so did people’s money. With this caused the famous stock market crash in 1929. Almost immediately big businessmen started shutting down factories and firing employees and the demand for products went down, and with that, unemployment reached 15 million. In the lecture, Professor Newman uses the example of steel to show how much stocks declined.
As human beings we always want more and more. There is no limit to how much we want and business executives have realized this. They want that greed that they helped develop within us to come out and buy all of their products, sustaining that it’s good for our economy, but it is good for our health? There is no benefit in consuming more products to stabilize our economy and allow business owners to gain more wealth, if the consumer is also gaining vast health risks with the purchase of these products. Over the last couple of years, the United States has, not only, become the most obese country in the world, but also has a large increase in health problems such as heart attacks, diabetes, high blood pressure, and strokes.