The History of the 1920's

Paper Summary:

This paper discusses the history of the 1920's, a colorful era of tycoons, gangsters, bohemians and inventors. Areas covered include the arts, news and politics, science and humanities, business and industry, society fads and sports. It details the political situation in the world as well as the United States, including a discussion of the suffragettes.

From the Paper:

"The 1920's are commonly referred to as the "Roaring Twenties", an appropriate title for a decade that did indeed roar out of the Victorian Era. Gone were the corsets and up went the skirt hems as flapper girls bared their legs and speakeasies with bathtub gin dominated the nightlife. Tycoons became America's royalties while bohemian lifestyles bore the twentieth century's most influential era of art and literature. Inventions brought us into the modern age of convenience and history making events.
The twenties began with a serious but short-lived post-war recession, following World War 1. Yet, by the mid-twenties, business and industry had created legends that have become household names: J. C. Penny (the department store chain), William Proctor of Proctor and Gamble, Howard Hughes, Charles Merrill, George Eastman of Eastman-Kodak, oil tycoon J. Paul Getty, William Randolph Hearst, Harvey Firestone (Firestone Tires), Henry Ford (Ford Motor Co.), Clarence Birdseye (Birdseye frozen foods), Charles Walgreen (Walgreen's Drug Store), and Sir Thomas Lipton (Lipton Tea Co.). With the industry boom came the "installment plan", allowing customers to buy on credit, thus causing goods consumption to climb. The business world looked safe and stock speculation gave the market record highs. But speculative stock purchases in an unregulated market allowed for unethical business practices, and by October 29, 1929, the market hit bottom and fortunes were lost overnight. This day is called "Black Tuesday". "

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