What was the Progressive Movement?
The progressive movement was from 1890-1920. This time period was an era of social activism and political improvement in the United States.The movement focused on political organizations and their chief executive. During this period many pivotal events took place, these events include; cleansing of the government, focus on family and education, the peak of the women’s suffrage movement, prohibition, modernization. Many people, called progressives or supporters of the movement, had a strong desire to rid the government of all corruption. The Progressive Movement was basically an era of reform, early progressives typically rejected Social Darwinism. They were people who believed that problems that America faced such as poverty, racism, and violence could be resolved by providing a “good” education, a …show more content…
On October 29, 1929, Wall Street investor traded 16 million shares one the New York Exchange. Billion of dollars were lost, thousands of investors became poor. After that day, Black Tuesday, America spiraled downward marking the beginning of the Great Depression that lasted for 10 years and the longest failure of the economy in the history of Western industrialized world up to that time. Many different factors caused the stock market to plummet. In the 1920s, there was growth in bank credit and loans in the United States. This was encouraged to “strengthen” the economy, people thought the stock market was a safe way to obtain profit. Consumers borrowed to buy shares in the market. Firms took out loans to expand. People thought the stock market was a one way bet, people became confident and invested all of their money and some (taking out loans to invest). That confidence changed in 1929, people who had borrowed money were exposed to the truth and participated in the rush to sell their shares and attempt to redeem their debts and