The prosperity of the 1920s (also known as the roaring 20s) was a time period where mass production and mass consumption economy, made big profits to investors and increased the living standers of the middle and working class. This weakened the economy.
Waring signs of the 1920´s includes uneven distribution of wealth,over productions by business and agriculture,Americans were buying less.All of these where due to the weakened economy.
I just cant mange to get a job. Looks like im going to the military
Black Thursday, a day where the stock market crashed on October 24, 1929. It was the worst stock market crash in US history, with people trying to withdraw money but they would get 10 cents per dollar. This led to people becoming broke and starting off the great depression.
Yay we´re back!!!!!
The effects of black Thursday were that people were forced to sell businesses and cash in their savings. This is because brokers called in loans when the stock market crashed. Some people lost all their money and people lost faith in the country.
unemployment in the 1920s was very common. This happened because of economic decline in 1920 and 1929. This led to the decline of trade.
The economy recovered from the great depression by WW2 because this demanded for goods and services. The depression was over