Golden Age Of Capitalism Dbq

Improved Essays
Show More
The 1930’s was a time of devastation for the US economy and for people around the world. The great depression affected many people. Millions lost their jobs and were left homeless. Unemployment was at an all time high. Families lost their homes and had no source of income. This all changed when World War II broke out. When the war started in the 1940’s, thousands were presented with the opportunity to find jobs in the military. After thousands of men left to fight the war, tons of new jobs opened up, and women took their place in the workplace. The american economy also had a massive improvement. GDP rates increased, and the rate of profit was at an all time high. The war got the United States out of the great depression and helped …show more content…
America was now seen as a superpower, along with other powerful nations such as Britain, USSR, and France. The massive population increase seen in this decade also helped to improve the strength of the nation and its economy. This time period was widely known as the “Golden Age of Capitalism” . The recent increase in population in the cities, lead to the development of urban housing in the cities surroundings. This created a very strong middle class and resulted in private businesses prospering. With cities filling up, people moved west to seek fame and fortune. Thousands of aspiring actors and show businessmen populated the west and created opportunities for new markets and businesses. During this time tv was starting to make its mark in the culture of the United States. The US would also prosper in the National economy, as well as the capitalist, and business side. The rate of profit increases from .15 in the late 30’s to .35 in the early 50’s. Advancements in science and in mathematics also was a direct result of the economic boom after the war. NASA started to develop new ideas for space travel and started to discover new things about the universe. The explosion of the American economy was a major reason why we won the cold war. We had the money to spend on research and to fund a national space program that would one day send two american astronauts to the moon. World War II helped to thrust the US into a golden age and to establish the nation as a

Related Documents

  • Superior Essays

    Red Scare Effects On Immigration
    • 1893 Words
    • 8 Pages

    Red Scare Effects On Immigration

    The way people lived in the 1920s had an influence on the events that occurred in the 1930s. One major event that took place in the 1930s was The Great Depression. This was mainly caused by the stock market crash in 1929, which was a result of over spending the 1920s. Since it was a time of economic prosperity and technological advancements, the demand for these new products were high. Consumers were willing to spend their money instead of saving it because they wanted to get these new goods. “Average Americans bought far more than they could afford” (Ashenmiller). They were able to do this because they took out money on credit and because of the economic prosperity, American citizens were positive that they would be able to pay it off. In addition, stockowners contributed to this by buying stocks “on the margin.” This meant that they bought investments on credit because they were optimistic about the outcome. They thought that the value of stocks would go up and they “could pay back the original purchase price and still make a profit” (Ashenmiller). This shows that most people in the 1920s were very confident in the economy, so they spent most of their money. As a result of this, the economy in the 1930s was at a…

    • 1893 Words
    • 8 Pages
    Superior Essays
    Read More
  • Decent Essays

    Similarities Between The 1920s And 1930s
    • 391 Words
    • 2 Pages

    Similarities Between The 1920s And 1930s

    The 1920's and the 1930's were two completely different centuries during the 1920's we saw an influx of wealth being tossed around. People were investing and spending money faster than the speed of light. People began buying cars and larger houses and throwing parties, and just enjoying life. In the 1930's however it was as if someone stuck a hose on everyone and sucked the fun and the life out of everyone and everything. The Depression really sunk in and many family's were either hurt or destroyed all together.…

    • 391 Words
    • 2 Pages
    Decent Essays
    Read More
  • Improved Essays

    The Great Depression Essay
    • 786 Words
    • 4 Pages

    The Great Depression Essay

    The Great Depression of the 1930’s plunged the American people into an economic crisis unlike any endured in the country before or since. This time period of limited economic growth was caused by a few main factors. Because these certain factors happened, american life was vastly changed until the recovery in the late 1930’s.…

    • 786 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Social Impacts Of World War II
    • 1388 Words
    • 6 Pages

    Social Impacts Of World War II

    America only was able to improve its civilian economy, mainly by providing large amounts of armament and supplies for the Allies. Rather than undermine the economy, the war became the best tool in bringing America out of the Great Depression. Still, it was thanks to Roosevelt’s war strategies that the US came out victorious from the military conflict. It was his belief that by keeping armed ground forces at the minimum level, he could improve the economy by securing the industrial production lines. Along with production and a boosting economy, came social changes that affected all aspects of American life. There was an increase in mobility, which had virtually stopped during the Depression years. Now the urbanization of America was in…

    • 1388 Words
    • 6 Pages
    Improved Essays
    Read More
  • Improved Essays

    Bob Batchelor The Great Depression Summary
    • 768 Words
    • 4 Pages

    Bob Batchelor The Great Depression Summary

    The Great Depression was a severe economic hardship for America that led to poverty, increased unemployment rates, worsened racial inequality, and starvation. The article, “The 1930s”, written by Bob Batchelor provides a summary of the adversities American citizens had to overcome during The Great Depression.…

    • 768 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Women During The Roaring 20's
    • 898 Words
    • 4 Pages

    Women During The Roaring 20's

    After WWI, the United States was the only country to come out with a strong economy. The country quickly switched from wartime to peacetime along with relative happiness that followed. The new era of success became known as the Roaring 20’s. The Roaring 20’s was a decade like no other in American history. The opulence experienced by the people during those years was also due to the many changes that happened. New technologies were being invented, the market skyrocketed, our national economy boomed, and consumers bought twice as much goods. Everyone was generally confident about the position that our country was in. The Roaring 20’s was truly a decade that stood out from all of the others.…

    • 898 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    New Deal Dbq Analysis
    • 1239 Words
    • 5 Pages

    New Deal Dbq Analysis

    During the late 1920s to the late 1930s, the United States was impacted by the Great Depression, in which the US economy reduced the amount of job opportunities and increased the amount of poverty in the nation. The Great Depression was an economic depression that affected the US economy severely during the 1930s. The Stock Market Crash of 1929, Overproduction in farms and factories, Conflicts with the international economy and the Inequality of income in the US were all key parts that caused the Great Depression. The Depression took place at the end of Herbert Hoover’s presidency and carried into Franklin D. Roosevelt’s presidency. FDR stepped into office with several problems that affected everyone in the nation. One of which included Unemployment.…

    • 1239 Words
    • 5 Pages
    Superior Essays
    Read More
  • Improved Essays

    World War II DBQ Essay
    • 1090 Words
    • 5 Pages

    World War II DBQ Essay

    During the 1920s and the 1930s American was in a state of depression as a result of the stock market crash and bank failures. This drove many Americans into a state of poverty and devastation, this was called the Great Depression and in 1939 World War 2 began. This was one of the darkest periods of time for the world as everything was thrown into chaos. Tempted to stay out of the war, the bombing of Pearl Harbor on December 7, 1941, brought the U.S. into World War 2. Even though the war was fought abroad, it had a greatly affected many Americans. It changed American lives drastically as well as bringing a greater sense of fear towards foreigners.…

    • 1090 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    How Did The War Affect The Economy
    • 422 Words
    • 2 Pages

    How Did The War Affect The Economy

    It is surprising how wars have a way of improving the economy rather than completely destroying it. The Great Depression was a global economic crisis that began from the market crash in 1929. It is known to be the most major economic event in history. However, as wars were being fought, the economy was improving. The coming of World War II brought an end to the economic problems of the Great Depression by providing new jobs, technologies, and opportunities.…

    • 422 Words
    • 2 Pages
    Improved Essays
    Read More
  • Improved Essays

    How Did Ww2 Change America
    • 965 Words
    • 4 Pages

    How Did Ww2 Change America

    Major historical events such as the Great Depression and both World Wars contributed to the changes Americans experienced during the twentieth century. America enjoyed a prosperous lifestyle during the 1920s, but the Great Depression greatly transformed American life condemning the progress achieved in the 1920s. In response to the Great Depression, President Roosevelt implemented his “New Deal” policies. The New Deal provided relief and aid to the struggling Americans through the support of an active federal government. The Great Depression served as a remarkable period of political change, with the rise of modern liberalism. The 1940s was a period of greater change, because it was not the New Deal, but WWII that ultimately ended the Great…

    • 965 Words
    • 4 Pages
    Improved Essays
    Read More
  • Great Essays

    The End Of The Great Depression Summary
    • 1585 Words
    • 7 Pages

    The End Of The Great Depression Summary

    In 1932, the United States economy experienced the least amount of cash flow in modern history. To end this horrible dip in the economy, President Franklin Roosevelt responded with a New Deal. The thousands of jobs created by the United States involvement in World War II is also said to have contributed to the return of the economy. It is often speculated upon whether the New Deals or the economic boom provided by WWII got the American economy out of the depressed state it was in during the 1930s. While Franklin Roosevelt is often accredited with the return of the United States economy through the implementation of his New Deals, World War II ultimately gave the American economy the momentum it needed to return to economic prosperity, through the development of big businesses and consumer spending.…

    • 1585 Words
    • 7 Pages
    Great Essays
    Read More
  • Superior Essays

    New Deal Dbq
    • 908 Words
    • 4 Pages

    New Deal Dbq

    With the end of the First World War, the Allies reaped the post war benefits. In the United States, the roaring twenties began, an era of carefree living. Alas, the prosperity would not last. By the end of the decade the U.S. was heading for depression. This is due in part to poor legislation and ineffective leaders. The great depression started with the stock market crash of 1929 and the country just kept sinking lower, never finding the end.That is until a new president was elected, Franklin D. Roosevelt, a man with a plan called The New Deal. The Stock Market crash of 1929 tanked the U.S. economy, but The New Deal saved it with construction projects, labor relations, social security, global trade, and government departments.…

    • 908 Words
    • 4 Pages
    Superior Essays
    Read More
  • Improved Essays

    Prosperity Of The 1950's Essay
    • 1471 Words
    • 6 Pages

    Prosperity Of The 1950's Essay

    So it created more jobs for people looking for a job or for making some side cash. In the 1950 's the decade was a very prosperous time in history. It created different ways of thinking and better appliances to make everyday life easier. The economy had so many things contributing in a positive way. The 1950’s were one of the most prosperous decades with its new technology, new medicine advances, new cars, and moving to the suburbs were all contributing factors to why the 1950’s was such a prosperous time. The fundamentals of the prosperous 1950 's were new cars, suburban lifestyle, advances in technology and medicine, and pop culture. Since Americans were receiving a larger income it lead to more spending on extra items American popular culture made the 1950s one of the most prospering decades; However, celebrities of the 1950 's were threatening American moral values in a negative way along with the new society developing. The 1950’s was a prospering time in the economy but American moral values were changing with new trends and daring ideas with celebrities and is why teenagers and parents had such a difficult time agreeing on the same values. Teenagers view on fashion and values was changing because of television and…

    • 1471 Words
    • 6 Pages
    Improved Essays
    Read More
  • Superior Essays

    Great Depression In John Steinbeck's Of Mice And Men
    • 1328 Words
    • 6 Pages

    Great Depression In John Steinbeck's Of Mice And Men

    In 1930’s, the struggle Americans faced is the Great Depression which is caused by impact and chance of recurrence. There were a lot of people who had suffered from being unemployed and about…

    • 1328 Words
    • 6 Pages
    Superior Essays
    Read More
  • Improved Essays

    Cold War And Communism Essay
    • 1824 Words
    • 8 Pages

    Cold War And Communism Essay

    The end of WWII marked the start of the Cold War between the U.S. and the U.S.S.R. During this time period there was a clash between Capitalism and Communism that engulfed the world. These two very different ideologies caused thousands to dye, billions of dollars to be spent, and great advancements in technology. As a result of the Cold War and the fear of the spread of communism, America’s citizens and culture were changed drastically.…

    • 1824 Words
    • 8 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2023 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings