Candles are best when burning the brightest, but ultimately melt quicker until it is burnt out, like the 1920’s American economy. After a flourishing era of the 20’s, the Crash of 1929 created devastation within the already fragile financial system until the effects of the dwindling economy instigated the Great Depression. Due to the disillusioned impact of World War I on U.S. economy, the Stock Market’s Black Tuesday brought many Americans during the 1920’s years of worldwide economic and social ruin; as well as the strong negative backlash that eventually caused World War II.
The 1920’s was a time of consumerism as more and more Americans delved into the pleasures of credit and incautious consequences. Even so, the beginnings of irregular …show more content…
The world was left in disarray after the first World War, and much of the international economy depended the growing success of the United States as the remaining world superpower. As a result, the crash affected nations worldwide as Germany was still struggling from the Treaty of Versailles, and ultimately Nazi Regime took hold of the poor situation (Harris 7). If it were not for the Crash that led to the international downfall, Germany would have not been in such a dire state and not allow fascist ideals to sneak into their central government. Germany desired for stability and Nazi ideology became their focus in order to reinforce their place in the world once again, but Germany began to violate the laws of the Treaty of Versailles. As the power of Nazi regime grew, so did the economy of Germany and an improving sense of nationalism that eventually evolved into German expansion throughout Europe. Of course, Americans did discover other alternatives to support themselves as times grew more difficult for Americans, though employment did not always match the employee’s skill set. For example, Americans who held college degrees often times took low-paying jobs such as doormen, or barbers as their few options did not offer them better opportunities (American History). The Crash of 1929 wreaked devastation throughout the country as Americans were to suffer the long-term effects, specifically the Great Depression. It was only the most wealthy that could still reap the benefits of luxury and class; however, most Americans were of the middle class, thus crumbling under the stress of the economic hierarchy. Foreign countries depended on the United States, but the Stock Market’s Crash of 1929 failed in international support for other nations. All in all, despite the stock market issue being a United States affair, foreign
The 1920’s was a time of consumerism as more and more Americans delved into the pleasures of credit and incautious consequences. Even so, the beginnings of irregular …show more content…
The world was left in disarray after the first World War, and much of the international economy depended the growing success of the United States as the remaining world superpower. As a result, the crash affected nations worldwide as Germany was still struggling from the Treaty of Versailles, and ultimately Nazi Regime took hold of the poor situation (Harris 7). If it were not for the Crash that led to the international downfall, Germany would have not been in such a dire state and not allow fascist ideals to sneak into their central government. Germany desired for stability and Nazi ideology became their focus in order to reinforce their place in the world once again, but Germany began to violate the laws of the Treaty of Versailles. As the power of Nazi regime grew, so did the economy of Germany and an improving sense of nationalism that eventually evolved into German expansion throughout Europe. Of course, Americans did discover other alternatives to support themselves as times grew more difficult for Americans, though employment did not always match the employee’s skill set. For example, Americans who held college degrees often times took low-paying jobs such as doormen, or barbers as their few options did not offer them better opportunities (American History). The Crash of 1929 wreaked devastation throughout the country as Americans were to suffer the long-term effects, specifically the Great Depression. It was only the most wealthy that could still reap the benefits of luxury and class; however, most Americans were of the middle class, thus crumbling under the stress of the economic hierarchy. Foreign countries depended on the United States, but the Stock Market’s Crash of 1929 failed in international support for other nations. All in all, despite the stock market issue being a United States affair, foreign