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From Roaring to Crash

                                   From the Roaring Twenties to the Crash of 1929


The Roaring Twenties is a moniker sometimes used to refer to the 1920s, characterizing the era's distinctive cultural edge in most of the world's major cities for a period of sustained economic prosperity.      

     The Roaring Twenties, the decade that led up to the Crash, was a time of wealth and excess.       

Finally the Wall Street Crash of 1929 ended the era, as the Great Depression set in worldwide, bringing years of worldwide gloom and hardship

Image result for dorothea lange dust bowl        In the years following the war (the Twenties), as countries struggled to repair their economies, democracy in the form of widening suffrage and social legislation spread in the western European countries and in North America.

    The new eastern states undertook programs of modernization, and peasant parties became the greatest force of democracy. Germany faced challenges from radicals and the increasing economic pressures brought by war damages and reparations.     

        In Asia, anti-imperialist, nationalist movements gained momentum, while Japan shocked the world with its own imperialist ambitions.

        The prosperity of the 1920s was brought to a halt as an

agricultural depression; the crash of the New York stock exchange triggered a worldwide depression. The international system of cooperation disintegrated in the face of increasing economic nationalism.

        The Great Depression reinforced democratic government in many places, but alarmingly, the 1930s saw the rise of dictatorships in places where democratic institutions had not been firmly rooted.

        In the United States, FDR’s New Deal transformed the relationship between the government and the economy, as Keynesian economics laid the foundations of the welfare state.                                                  

        In Britain, the Labour party doubled its representation, but a coalition government was only able to ameliorate the effects of the economic slump. France experienced the rise of fascism, but Popular Front coalitions of the left checked fascism’s strength.

        In Italy and Germany, however, fascism and Nazism took dictatorship to new levels. Racism, violence, the repression of individual liberties, the corporative state, and historic nationalism characterized the new totalitarianism, which would soon lead Europe into war.  


             
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