Roaring Twenties Pros And Cons

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History Essay Exams The 1920s also referred to as the “Roaring Twenties” because of its major upscale economically, under the John Calvin Coolidge administration. There are many different components that that contributed to the prosperity of the economy in the 1920s. One factor that helped the economy prosper was the increased population in the 1920s. During the 1920s the census showed that more people lived in cities than in the countryside for the first time in American history. And that’s mainly because people in the world were still classified as living in rural areas at the start of the twentieth century. In addition to the population, was that immigrants continued to arrive on America soil and provide cheap labor. Along with the population growth, led more people having education in the 1920s which led to stimulate the…show more content…
Only six months after Hoover took office, the economy collapsed and the Great Depression began. Many factors caused and contributed to the Great Depression of 1929. One factor would be the overproductions of many goods in the 1920s led to worker layoffs Another factor was that easy credit led to people spending more than they had, and it led to a rapid inflation that eventually caused people to stop buying. The Federal Reserve Bank, created in 1913, did a poor job which also led to the great depression. It did not monitor interest rates to help regulate the economy when overproduction and inflation had started to cause unemployment in 1928-29 and the economy seemed likely headed toward collapse. The Federal Bank also did not stop small banks from giving bad loans or from purchasing bad or high risk stock. High tariffs in the 1920s hurt foreign trade and prolonged the depression when it had hit. When Many other nations blamed the US for their economic collapse in 1929 claiming that the high US tariffs helped create their
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