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Was there any real prosperity during the 20s, Not only, in the, in an, to,…
Was there any real prosperity during the 20s
THE ECONOMIC DOWNFALL: A JAZZ TALE OF MISERY
economic changes
began with economic instability
ended in a catastrophic depression
economically depressed condition
Those who benefited most were businessmen
those who could afford to buy shares
whose value trebled between 1923 and 1925
the number of millionaires increased
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after World War I
Americans went on a buying spree
industrial production in the
1920s increased
it is known as the era of the second industrial revolution
industrial wages, salaries, profits, and dividends rise
but also consumer credit and the consumption leve
Which groups missed out the prosperity of the 1920s?
This groups did not enjoy the prosperity of the 20s
African american
The migration of black people into the cities during the war caused fashinoable areas to become poverty-stricken ghettos
They do this because at war time there was lucrative jobs but that did not last long. They had the worst wages. This was due to segreagation and racism as black people recivied really poor education
They only real outlet was Jazz music but this was only to entretain the richer and white population and also compete in sports specially boxing
Farmers
Debt: Farmers had easy access to credit. But they had no way to pay their debt as they could not sell their crops
War production: During war more land was used to farm crops. Even after the war ended this lands were still used for crops and crops price fell even faster
Overproduction: Because of all-new high-quality seeds, fertilisers and machines. The farm output increased but the problem was when the demand fell in 1929 when the stock market crashed. Farmers had to sell their crops at prices, that made not producing crops more profitable than actually selling them
Women
The roaring twenties saw an increase of working women after the war period
The quality of women was much worse than men they worked the same time and they got paid much less than men
Trade Unionists
After WWI, trade unions became less and less popular as big business discourage their employees of joining unions
Between 1922 and 1925 the goverment passed several anti union judgments
Native American
Most of them were stipped of their lands and culture most of them lived and miserable conditions
What was done to help the poor?
Why was so little done to help the poor?
Republican administrations believed that social responsibility was not the job of the
state except
fields of law and order and national defence
Intervention to provide relief from poverty
was beyond the commonly-held concept of the role of
government
was it prepared to direct others to reform practices or make provision
Intervention was also perceived
as a contravention
of the freedom of individuals to provide for themselves
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By the twenties
there was a deeper understanding of the causes and effects of poverty
largely as a
result of investigative journalism
Social workers and activists were pressing for reform
However,
they aspired to changes that would put an end to poverty
early twenties
the agrarian and reforming combined
effort to relieve the suffering of the farmers
only
aggravated the situation
The failure of the federal government
to help farmers out of poverty
deepened the divisions between
rural
urban
laissez-faire politics
prevented any government intervention
to help industrial workers
on inadequately low wages
Trade unions
were helpless
Some states established
departments of public or social welfare
increased their spending on
welfare
benefit of the elderly and young mothers
the impact of these actions was rather
limited
The poor were helped by private charity
The poor were such a diverse group
ethnically and
confined to slum areas of towns and cities
they were incapable of organizing to form self-help
groups
They were entirely dependent on social workers or others to bring them relief
Not only
in the
in an
to
by: Valentina Vidal and Matias Montiel