Prior to the Great Depression the Roaring Twenties was a booming age because there was a boom in business and the excitement of popular fads. After World War I, America longed for what President Warren Harding called a “return to normalcy”. To Americans this meant the “good old days” before the war years. During the 1920’s, more Americans lived in cities than in rural areas and no longer were most people farmers. After the war business boomed and people worked in business and industry.President Calvin Coolidge declared the 1920, the “chief business of America is business”. During the Coolidge years business prospered and many Americans earned more money than ever before. Factories increased production to a growing demand for consumer goods such as washing machines , radios , and refrigerators. The largest boom was in the auto sales which gave rise to other industries. Cars needed steel, paint, tires and gasoline. New and better roads were built. Gas stations and restaurants appeared along the new roads. The housing industry began to boom as people moved out of the crowded cities and into the country or suburbs. New products such as cars changed the way of life for many Americans. They had freedom to visit other parts of the country. Radios and movies brought about other changes. New forms of entertainment were provided through radio programs and movies. The movies created new heroes and heroines. Hollywood grew into the movie capitol of the world. The 1920’s are sometimes labeled the jazz age because the new energetic kind of music reflected the spirit of the times. Jazz began among the black American musicians in New York and then swept the country and the world. Musicians such as Louis Armstrong won lasting fame for his contributions to jazz and helped fuel the Harlem Renaissance or rebirth of black culture.
____ Just prior to the Great Depression Herbert Clark Hoover became president of the United States’ He had earned his reputation as a business entrepreneur and an engineer.
Hoover wore several hats prior to becoming president of the United States. He was asked by the U.S. Counsel General in London to supervise the evacuation of thousands of American citizens trapped in Europe at the beginning of World War I. He became the chairman of the committee for Relief in Belgium with the mission of preventing famine in that nation. Within three years Hoover had raised and spent over one billion dollars for food relief in Europe.
____ When the United States entered World War I President Woodrow Wilson named Hoover U.S. Food Administrator and for the duration of the war he supervised the rationing and conservation of food supplies in the United States and the export of food to the U.S. and allied troops. After the War he became the general of European Relief and Rehabilitation efforts. In 1920 Hoover was an unsuccessful presidential candidate after which he was named Secretary of Commerce by then President Harding in 1921. He was considered the most honest and capable official in the administration. His department tried to improve the productivity of industry, promote international trade and the conservation of resources. In 1924 Hoover was the potential candidate for the vice presidency, however he did not get the nomination. In 1928 he won the nomination and the office of president.
Answer:
The correct answer is D. The onset of the Great Depression came as a considerable shock to the conventional wisdom of economics at that time and opened the door for critiques of mainstream thought by economists like John Maynard Keynes.
Explanation:
The Great Depression was a recession that followed the Stock Market Crash on October 29, 1929. From the United States, it spread rapidly to Europe and other parts of the world, with devastating effects. International trade fell sharply, as did personal income, tax revenue, prices and profits. This affected cities all over the world, not least those who relied on heavy industry. Construction stopped in several countries, farms and other agricultural areas as the price of their harvests fell by between 40 and 60 percent, and the demand for miners and forestry workers fell sharply while there were few other employment options. The Great Depression ended at different times in different countries; the majority of countries affected set up different aid programs to cope with the crisis.
The Great Depression was not a sudden collapse; the decline came progressively for a period of three years and reached its absolute bottom in March 1933. In early 1930, the credit was large and was available for low prices, but was exploited by few because many households could not take on more debt. Car sales fell below the level of 1928 at the end of May 1930. Wages remained at a stable level until they began to decline in 1931. Circumstances were worst in agricultural areas, where prices of commodities fell, and in the mining and forest industry, where unemployment was high and there were get job opportunities. The downturn in the US industry began the downturn in most other countries; however, internal weaknesses or strengths in the various countries determined how severely affected they were by the crisis.
THE HOLLYWOOD'S Amazing Disney studios helped the Americans in their war time of 1942 to 45 in making many war training and propaganda movies which attract a lot of supporters towards America in world war 2. they have made films for almost for ever department of American Army.
The answer was South Africa.
Rhodes’ ambition was to create a railroad that would connect African colonies
directly to Cairo in Egypt. This was made during the colonial period. Though some parts were constructed, it missed
completion due to rivalry with other European colonial powers.
