PAPER Topics

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In 1929 the stock market crashed, triggering the worst depression ever in U.S. history, which lasted for about a decade. During the 1920s, the unequal distribution of wealth and the stock market speculation combined to create an unstable econ ....

Middle of Term Paper
... start of the Great Depression. The 1920’s were a time when the American people and the economy were thriving. This period of time was called the “Roaring Twenties”. Unemployment dropped as low as 3 percent, prices held steady, and the gross national product climbed from $70 billion in 1922 to nearly $100 billion in1929 (EV 525). However, the prosperity of the 1920’s was not shared evenly among the social classes in America. A study conducted by the Brookings Institution stated, “78 percent of all American families had incomes of less than $3,000. Forty percent had family incomes of less than $1,500. Only 2.3 percent of the population ...