POLITICS-ECONOMICS-SOCIETY & CULTURE-ENVIRONMENT
In the 1920’s, the American car culture developed -people easily traveled out of the cities into the country - suburbs grew as people moved from the cities -As cars got less expensive and people had more free time, many people started to take car camping vacations
1917 Race riots occurred in Houston, Philadelphia, and East St. Louis White mobs terrorized black communities from Texas to Washington, D.C. In Chicago, a white mob stoned a black swimmer to death who had strayed into the “white section” of the beach. 38 more people were killed in the violence that followed.
1st person to fly solo across the Atlantic Ocean.
What’s a stock broker? A stock broker is a qualified professional who buys and sells shares in the stock market. A typical job of a stock broker would be to help a client (this could be an individual, or a company) invest money. After the investment, a percentage of the profit is then given to the stock broker. This can become a large sum of money if the client or company provides a lot of money.
During this period of time, stocks and shares rose at a phenomenal rate. Stocks rose by 65%. Wages increased by 25%. People began borrowing money to invest. In 1929, Wall Street crashed - America went into debt.
The loss from the crash was unbelievable: 12 million people went out of work, 12,000 people was made unemployed everyday, 20,000 companies and 1616 banks had gone bankrupt, and 23,000 people committed suicide in one year – the highest ever. The total loss by the end of the next week amounted to $30 million dollars, ten times more than the annual budget of the federal government, far more than the U.S. had spent in all of World War 1. Contributing to The Great Depression.
. The American Can lost 53%, the Anaconda Copper lost 57%, Electric B&S lost 77% etc.! Many companies closed down and America was in great debt with money. The company that lost the most was Radio, loosing an astonishing 94% from 505 cents to 28 cents, and was probably one of the first companies to close down because they had too many investments.
Women Pre-World War I Women start to migrate towards the cities During the War Women start working in factories After the war Found a new sense of worth/ belonging Voting Social independence
Flapper Short hair Short skirts Smoking/ drinking Shift away from traditional values took place mainly in the cities
Rural to Urban to Suburb Automobiles became more affordable Cities built transportation systems that used an electric trolley 70,000 buses were operating in the U.S.