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