From and the next thing they knew,

From the booming economy,
high salaries, and luxury items of the Roaring 20s, to the day we know to be
called Black Tuesday, the day that changed a whole nation forever. Many people
may not think this is something that could happen considering the United States
has been one of the wealthiest countries for decades but, this situation is
very much real and could possibly happen again. Imagine living during the
Roaring 20s and living a life filled with wealth and fast cars, all for that to
end and be living the exact opposite. For many people, that’s what happened,
one moment they were at the top of the world, and the next thing they knew,
they had lost everything. No one was expecting a country who was thriving in
money to have such a great economic downfall but unfortunately, it happened.
October 29th, 1929, was truly the day that America was changed
forever.

The
Beginning

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            Before the time we know as the Great Depression came an amazing
time in U.S. History known as the Roaring 20s. This was a time where everyone was
having the time of their lives, World War I had just ended, and money was coming
in like crazy. “Between 1921 and 1924 the nation’s gross national product
jumped from $69 billion to $93 billion whilst wages rose by 22% from roughly
$36.4 billion to $51.5 billion” (Alchin). With this money, people were obviously
getting more money at work, so it was spent on lavish items such as new fur coats,
cars, and new household appliances. Everything in life was going well for nearly
everyone, people were being able to express themselves, especially women, in a way
that used to be frowned upon. Women used to only be able to wear clothing that covered
their whole bodies but with Roaring 20s came a whole new fashion of short skirts
and feather headbands. Jazz was being introduced and spread around the nation like
a wildfire and new iconic dances such as the Charleston and the Shimmy were invented
(Alchin). Unfortunately, all these good things and recklessness with money came
with major consequences.

Since people were getting
paid way more and spending it recklessly, this was where an economic downfall began
to happen in 1929. October 29th, 1929, a day people refer to as Black
Tuesday, was the beginning of America’s financial stability going down the drain.