two-thirds did. Overnight‚ the electric vacuum cleaner‚ the electric refrigerator and freezer‚ and the automatic washing machine became staples in middle-class homes. Another technology that took America by storm was the motion picture. By mid-20s movie theaters were selling 50 million tickets a week! Like film‚ radio took the world by storm. In 1922 over three million families had radios that number would continue to sky-rocket in the years to come. They would listen in to baseball games‚ jazz‚ or
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Did you know in the 1920’s two hundred and twenty seven gangsters were killed in the space of four years in Chicago(Chamernik‚ Mike). The period of Prohibition was very important part of America’s history . During Prohibition there was the mafia and their notorious characters such as Al Capone and the young Federal Bureau of Investigation. In the 1920’s during the period of prohibition a new kind of Gangsters came about which specialized in illegally transportation and selling of alcohol. Prohibition
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“Money makes the world go round.” This adage is as true present day as it ever was. The ever-changing global economy is interdependent on technology‚ as it has evolved from inventions such as paper money and the modern assembly line and‚ when economies fail‚ the impact is worldwide. The stock market was an essential part of the American economy‚ and when it failed the effects lasted for many decades. John Law was born in Edinburg‚ Scotland on April 21‚ 1671‚ into a wealthy family. His father was
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value outran real value 4 million Americans owned stocks • Had been lured into the market through margin accounts Allowed investors to purchase stocks by making a small down payment and borrowing the rest from a broker The Crash The Wall Street crash of 1929 was not a one or two day catastrophe • It was a
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Wall E is a animated movie that talks about a robot that help people to realize that they the worth of earth and they should take all work in computerized way. This movie makes me fascinated since it is a animated and the story is amazing. It is all about a robot named Wall-e‚ who is a designed to clean up a waste-covered Earth. The Earth for that days is just intend to be a trash can of all defective metals and wall-e is there to clean . Wall –e Found out a plant and bring it at home .As people
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Great Depression began in 1929 and lasted until 1939. This was the deepest and longest-lasting economic downturn so far in history. In the United States‚ the Great Depression began soon after the stock market crash of October 1929‚ which sent Wall Street into a panic and wiped out millions of investors. Throughout the next several years‚ consumer spending and investment dropped‚ this caused steep declines in industrial output and unemployment levels began to rise as failing companies laid off workers
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show the similarities between them. Also‚ in some ways I will show how this current recession could be called a depression because by some standards is worse than the depression of 1929. In the book “America’s Great Depression” it says the Wall-street collapse of September-December 1929 and the Great Depression which followed were among the most significant events of the 20th Century (Rothbard‚ 1972). Since the last down turn in the economy in 1920‚ the economy had been booming since. Many
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achieved through the economic boom. People greatly valued materialism‚ hedonism and partying. This period of time is most commonly known as ‘The Roaring Twenties’. But with the prosperity of the 1920s came the downfall of the American economy‚ the Wall Street Crash of 1929. There were many causes for the stock market crash but some of the main causes were people buying stocks through loans which caused the value of the stocks to decrease and overproduction of goods which lead to a loss of profit. Overproduction
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By the turn of the 20th century mass transit had coalesced around electric power for street railways‚ subways‚ elevated railways and for interurban railways of around one-hundred miles or less. Animal and cable traction systems had already undergone mass conversions to electricity or been abandoned altogether where the financial investment was proving unworthy. Steam powered locomotives drove long distance railroads; by 1890 there was in excess of 130‚000 miles of mainline track in service. In the
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The Great Depression of 1929 Vs. The Great Recession of 2008 In America there have been great economic struggles and triumphs. The many great leaders of this country have foraged‚ failed‚ and overcome some very difficult times. Comparing the Great Depression of 1929 and the Great Recession of 2008 has revealed similarities that by learning from our mistakes in 1929 could have prevented the latest recession. I will discuss the causes of the Great Depression and the Great Recession‚ and what policies
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