Roaring Twenties and how they led to the Great Depression
The “Roaring Twenties” represent a positive era in American history sandwiched between two difficult times, World War I and the Great Depression. The “Roaring Twenties” was a period classified by innovation, prosperity, reform, and a thriving economy in America. An explosion of new inventions and technological breakthroughs transformed popular lifestyles. Shorter workweeks and increased wages led to a revolution in communications, transportation and recreation. For the first time in United States history, free time and …
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…money, now called in their loans in a panic. But people couldn’t pay back the loans and many banks were left virtually bankrupt. The Crash of 1929 did not cause the Great Depression. But it brought the curtain down on the “Roaring ’20s” and woke Americans up to the tragic economic journey they were only just beginning.
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