The 1920s and the Depression Modern history

the interwar period period between end of first world war , beginning of second world war. period marked turmoil in of world, europe struggled recover devastation of first world war.

in north america, first half of period, people experienced considerable prosperity in roaring twenties. social , societal upheaval known roaring twenties began in north america , spread europe in aftermath of world war i. roaring twenties, called jazz age , saw exposition of social, artistic, , cultural dynamism. normalcy returned politics, jazz music blossomed, flapper redefined modern womanhood, art deco peaked. spirit of roaring twenties marked general feeling of discontinuity associated modernity, break traditions. seemed feasible through modern technology. new technologies, automobiles, movies , radio proliferated modernity large part of population. 1920s saw general favor of practicality, in architecture in daily life. 1920s further distinguished several inventions , discoveries, extensive industrial growth , rise in consumer demand , aspirations, , significant changes in lifestyle.

europe between 1920 , 1938.

europe spent these years rebuilding , coming terms vast human cost of conflict. economy of united states became increasingly intertwined of europe. in germany, weimar republic gave way episodes of political , economic turmoil, culminated german hyperinflation of 1923 , failed beer hall putsch of same year. when germany no longer afford war payments, wall street invested heavily in european debts keep european economy afloat large consumer market american mass-produced goods. middle of decade, economic development soared in europe, , roaring twenties broke out in germany, britain , france, second half of decade becoming known golden twenties . in france , francophone canada, called années folles ( crazy years ).

worldwide prosperity changed dramatically onset of great depression in 1929. wall street crash of 1929 served punctuate end of previous era, great depression set in. great depression worldwide economic downturn starting in places in 1929 , ending @ different times in 1930s or 1940s different countries. largest , important economic depression in 20th century, , used in 21st century example of how far world s economy can fall.

the depression had devastating effects in virtually every country, rich or poor. international trade plunged half two-thirds, did personal income, tax revenue, prices , profits. cities around world hit hard, dependent on heavy industry. construction virtually halted in many countries. farming , rural areas suffered crop prices fell 60 percent. facing plummeting demand few alternate sources of jobs, areas dependent on primary sector industries suffered most.

the great depression ended @ different times in different countries effect lasting next era. america s great depression ended in 1941 america s entry world war ii. majority of countries set relief programs, , underwent sort of political upheaval, pushing them left or right. in world states, desperate citizens turned toward nationalist demagogues—the infamous being adolf hitler—setting stage next era of war. convulsion brought on worldwide depression resulted in rise of nazism. in asia, japan became ever more assertive power, regards china.