Roaring TwentiesAfter World War I, the United States entered a time of economic growth that improved the lives of many Americans. Businesses grew in the 1920s,providing

people with new jobs and highjer pay. Many Americans were able to buy new products such as

automobiles and radios, and vacuum cleaners.People had more money and more leisure time. In

the cities especially, people looked for more entertainment. Jazz and dance clubs became

popular. The search for fun in the cities , combined with illegal alcohol, earned this era the name the

« Roaring Twenties »

Roaring TwentiesMany more Americans were going to movies and

buying books, magazines,and music. Langston Hughes was an important figure in the Harlem Renaissance. This was a movement of African

American artists centered in Harlem, a neighborhood of New York City. Many artists of the Harlem

Renaissance used their writings, paintings, and music to explain how they felt to be an African American at the time. The Harlem Renaissance marked the first time African American artists in the United States gained national attention for their work. Hughes

expresses his hope for better treatment of African Americans.

The Great Depression

The Great Depression

Essential Question: The stock market crash of 1929 ended the economic boom of the 1920s and started the Great Depression of

the 1930s. What were some other causes of the

stock market crash of 1929?Low wages

Farm prices were depressedBuying with credit

Overproduction of goodsInvestors sold their stock

The Great Depression The stock market crash of 1929 marked

the end of the economic boom of the 1920s

and the start of the Great Depression

The Great DepressionThe economic good times ended for

many more people after the stock market crash of October 1929. A stock market is a place where stocks are bought and sold. If a company needs to raise money, it often sells stocks to investors. If the company makes money, the investor makes a profit. The center of the stock market is the New York Stock Exchange on Wall Street in New York City.

Major factors that contributed to the depression

• Not everyone could buy the products that came from American factories.

Wages were low Farm prices were depressed Many American consumers bought using credit Factories overproduced causing them to lay off workers

Factors

• When investors saw the economy slowing, they suddenly began selling off their stock.

• This sale was made worse because some investors had borrowed in order to buy stocks and could not pay off their original loans

The Stock Market Crash Resulted

The Great Depression

After the Crash

Unemployment continued to rise Laid off workersDecreasing wagesDecreasing buying powerDecreasing pricesCaused businesses to fail. Failed businesses laid

off more workers continuing the downward spiral

The Great Depression

The Great Depression

Many African Americans had migrated from the south hoping to find a better life, job opportunities and to escape the prejudice in the south.

A

The Dust Bowl

The Dust Bowl conditions of the Midwest led others, such as the Oakies, to migrate to California where they sought jobs as migrant workers

Hoovervilles

Stock Market Crash

http://www.nytimes.com/learning/general/onthisday/991029onthisday_big.html#article

Read the New York Times Article from Oct. 29,1929Right click to open hyperlink

1929

2008

The Great Depression

2008