The Roaring Twenties

The Roaring Twenties

The Roaring Twenties

Peggy Toler

David Goldberg/ AMH 2030-2M

June 15, 2013

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The Roaring Twenties
The USA just won the WWI; the European’s had a need for American food and other products so this was the start of the industrial age. There were no effective rules on the banking and stock and the society was changing radically everyday. At this time movies, radio, and sexual wants were starting to go wild. Germany was to repay all reparations to Britain, France and to all of their other Allies. To do this the government came up with a plan that was called the Dawes Plan. This is the plan where Wall Street had invested in Germany, and in turn, Germany had to repay their war debts to Washington. By doing this the prosperity of America had stared to boom.
By the second half of the decade, which was known as the “Golden Twenties”, America had became known as a tinderbox of affluence with its reputation as the most modern and wealthiest country in the world. By the end of the decade America was heading for the Great Depression due to the over confidence and reckless speculation of the government. In other words, the roaring twenties were demarcated by unprecedented heights which had plunged into the unprecedented lows. The other economic policies that encouraged an increase in consumer spending and economic growth which was caused by Harding’s Emergency Tariff in 1921 and the Forney-McCumber Tariff of 1922 which is the reduced national debt, reduced taxes, and the restricted immigration had led to the “boom” in the Coolidge years to come.
In the twenties many Americans helped in the expansion of the economy by increasingly participating in America’s growing consumer culture. They adapted new cultures such as jazz and modern art that had revolutionized the American civilization.
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At this time the Harlem Renaissance offered the black poets, artists and authors the opportunity to make a valuable contribution to the American cultural life....

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