The 1920-1929 Boom to Bust Period in America Essay

The 1920-1929 Boom to Bust Period in America - Essay Example The researcher states that the boom to burst period is of great importance inciting the US history. This is the period that transformed many things in America ranging from cultural, political, economic activities and the general social life. It is cited as the origin of the America we know today in a wide view. Impacts of 1920-1920 Boom to Burst on U.S Society. This period explains how Americans acquired the notions attached to them today. It helps us understand the America history and in turn voyage the present and the future. It illustrates how US transformed over a short period in terms of the notions of power, liberty and equality. It also shows how the changes in America affected the world at large. The historical changes brought about within this period can be resumed under the following headings. Economy: This period brought with it much economic advancement, which helped shape the future of the American economy. Many economic policies came up such as credit purchase, small go vernment and supply-side economics proved a great success. The reduction of main taxes gave entrepreneurs an incentive to work, invest and save leading to innovations and new discoveries due to venture in risky businesses. Later improved policies such as the fiscal and expansionary policies were introduced. Technology: The boom to burst period is the basis of U.S technological and infrastructural development. It saw the discovery of electrification that made it possible for other innovations for instance radio and motion pictures. The availability of money provided people with security and therefore, they were not afraid to try many things. This period also saw the construction of new infrastructure such as roads, bridges and tunnels. Culture and lifestyle: There was introduction of a new culture and way of life that would dominate the rest of the twentieth century. The economic prosperity provided many Americans more spending money and more leisure time, which they directed to maki ng their lives enjoyable for instance theatre, music and other forms of entertainment. Most people in the rural areas migrated to the urban areas in search of jobs. Accumulation of wealth also led to rise of classes due to unequal distribution of income. This led to segregation and clustering of people in different areas according to their classes. Gender Equality: This period saw the rise of women from being discriminated and undermined due to their gender. The expanding markets provided an opportunity for women to get jobs and get paid. Many single working class women held their jobs for the wages and their families. Some held jobs in order to free from parental authority and develop a personal identity. In addition, women also attended colleges and this led to the fading away of the traditional notion about women. All these factors enabled women to become more independent and achieve women rights in the constitutions. Entertainment: In this period, a lot of things changed in the world of entertainment and many others came up. One example is the film industry when Hollywood came to light. Music also advanced with the introduction of the Jazz music by Louis and Duke. Many sports such as boxing, golf and baseball, also rose to new heights of popularity. These led to rise of heroes like Babe Ruth in baseball and Jack Dempsey in boxing.