ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

The Roaring Twenties in America

Updated on June 7, 2014

The Twenties were a time of great economic wealth and prosperity, by way of big business and mass production. The economy was fueled by the new needs of consumerism and the ending of traditional prudent culture. Women were changed from house wives to big buyers, as materialism was pushed by need of expanded products. Television and radio helped to push the need to buy more as commercials and ads changed the landscape. Mass media helped bring about the first idea of celebrities to help push more products. Capitalism was brought to this country by air waves and broadcasting. America was tempted to buy processed meals and gadgets that they did not need, nor afford. This was the Roaring Twenties.

The beginning of consumer credit helped this now super consuming nation to fill their needs of instant gratification. Large purchases like furniture, cars and larger appliances were overwhelmingly paid for with credit, giving many families an ability to own some of the finer technologies of their time. Credit also helped many families to own a home who normally would not be able to own housing before many years of savings. Credit also helped facilitate poor spending choices, frivolous purchases burdened the American middle class with high dollar loans many could not afford to pay. Middle class Americans began the descent into debt, paired with low wages, made them slaves to the credit and interest rates needed to live the life portrayed by mass media. By the end of the 1920’s, credit was then the 10th largest industry in America and completely changed the way our economy operated.

Government officials were being sold to the highest business, blending government policy and pushing push for big business. Large contributions changed the policies of how businesses were ran, as well as changing many progressive structures created in the previous decade. Child labor laws were reduced, as well as women’s push for a more equal wage to their male counterparts. Taxes were reduced on businesses by government to help the business owners produce more profit and then create more jobs for all. This trickle down of wealth was a false if not misinformed prediction because this time in America shaped the great disparities, the 1% that we still have today. Government officials took bribes from big businesses to pass legislature and turn a blind eye to corruption.

Government also pushed for the break-down of long fought for unions. Businesses wanted to do away with unions, they did not want to pay the
higher wages demanded of the unions and government officials helped to facilitate this. The fall of most unions caused wages to sink, some industries were affected more than others. Miners in the Appalachia were hit especially hard losing almost a third of their wages and most of their pay. All of the progression made in the decade before was crushed with the loss of Unions, pay decreased and hours increased. As government and business converged, the lives of average Americans suffered. Long work days were reinstated, as the rights of the workers diminished.

Productivity and mechanizing left many Americans without a job, while the richest pocketed more profits than ever before. The large divide in wealth inequalities were magnified and 1% was born. Working conditions also deteriorated as cheap labor was migrating in from the rural areas as people looked for employment and a better way of life. Immigrants and minorities started their own communities in lieu of continuous segregation and racial discrimination in southern and rural communities. Churches and racial motivated groups rose up to help aid them in the city.

So the economy in the Twenties was roaring for the wealthy, however their wealth was a direct result of the poor’s pain and suffering. The twenties may have shaped the way consumers now a days think of materialism, as well as change the way businesses promote their goods to the public. It may have also been the reason for the Great Depression that started with a crash of the markets in 1929.

Comments

    0 of 8192 characters used
    Post Comment

    • cloverleaffarm profile image

      Healing Herbalist 

      5 years ago from The Hamlet of Effingham

      Great hub. I've always been fascinated with the 1920's. Thanks for sharing. Voted up.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)