Wall Street: Money Never Sleeps

Reflecting on the results of the economic downturn, many novels demonstrated the journeys and adventures taken to reach new lands in hopes to find work. “Never before or since have so many of America’s best writers focused on the lives of the poor and the working class or written with such a furious sense of political engagement” (Kirsch). Novels embody starving and struggling families whose lives were destroyed…

One of the worst moments in American history was the stock market crash of 1929. The crash revealed the flaws in the U.S. economic system which led to the economic recession. Before the crash, the U.S. had been in a decade of prosperity known as the Roaring Twenties, but on October 1929, the stock market’s collapse caused the U.S. to go into a long period of depression, also known as the Great Depression. This depression lasted from 1929 until about 1939. In 1933, at the depth of the depression,…

that, “excise tax fell disproportionately on the less affluent.” In fact, citizens had to pay this excise tax to be able to listen to FDR’s fireside chats! This and social security taxing caused everyday citizens to have less money to spend and employers to have less money for job growth. From 1933 to 1940, federal taxes more than tripled, going from one point six billion to five point three billion. New Deal jobs were only created by outrageous taxing which made labor more expensive, destroying…

The Birth of Bull and Bear Markets as Financial Terms The terms, "Bull," and "Bear" for the state of the market are inspired by the typical way in which these two animals attack in real life scenarios. The bull is generalized to attack by forcing its horns up into the air, symbolizing the upward trend of a bull market. In contrast, the bear is generalized to swing its paws down upon its prey; thus serving as a symbol for downward trends. Stock market conditions are defined commonly either by…

the family unemployed, women and children began looking for jobs. The men who lost their jobs felt ashamed and thought this switch in gender roles Figure 1 was degrading. Many families traded goods and labor instead of using money. Some even shared homes with two to three families. The very poor and destitute families who lost their homes lived in Hooverville, shanty-towns built the homeless and deliberately named to blame President…

prosperity of the Roaring Twenties was coming to an end. A dramatic signal of the approaching end took place in October 1929. On October 24, thousands of speculators lost money in a sudden stock market tumble on the Winnipeg Grain Exchange. Five days later, the New York stock market crashed. Too many people had bought stocks using borrowed money. As long as stock prices were rising, speculators could sell their stocks, pay off their debts, and still make a profit. But when stock prices began to…

Life in the Roaring Twenties was not only the peak of an artistic and social movement, it was a time, even after fighting in World War I, that Americans had exceptionally well financial stability. People were going throughout the decade buying stock from the Stock Market and buying luxury items for the enjoyment of themselves and their family. The luxury life suddenly came to a screeching halt when the Stock Market crashed in late 1929, sparking a depression. Roosevelt put several acts into…

Advertising the American Dream is a book by Roland Marchand and this book is all about talking about 3 major topics in advertising and those 3 topics throughout the book are as follows: advertising and its place in society throughout the years, advertising as an industry and who helps make advertising better, and lastly in the book they also talk about how much the Great Depression effected not only the economy but society and consumers as a whole as well. In the beginning of the book, Marchand…

fewer rights than the other men. As a child, Crooks lived on a farm, just like many others, and played with all the other kids without a thought. “The white kids came to play...an’ sometimes I went to play with them. My ol’ man didn’t like that. I never knew till long later why…” (70). The young children didn't have opinions, therefore Crooks was able to play freely but his father knew what pain the future would hold for Crooks. Discrimination also comes from Crooks’, “crooked” back. Candy…

Gatsby began his money making spree by purchasing drug stores. At these drug stores, Gatsby illegally sold alcohol over the counter. These drug stores, were basically speakeasies. In the 1920’s the selling, distributing and possessing of alcohol was illegal, due to the 18th amendment. Gatsby also made a good portion of his money gambling, also illegal. Gatsby lives a life of crime and prosperity, he lives off of the edge…