Roaring Twenties

The Roaring Twenties refers to the North American historical period of the 1920s, which has been described as "one of the most colorful decades in American history." The decade encapsulates a fascinating story, beginning with the return of young soldiers from the fronts of the First World War and emergence of a new and confident face of the modern womanhood, and ending with the sad note of the Black Tuesday, harbinger of the Great Depression. The years of the Roaring Twenties are marked by several inventions and discoveries of far reaching consequences; emergence of unprecedented industrial boom and accelerated consumer demand and aspirations, coupled with significant changes in the lifestyle; and a series of events, national as well as the international, which shaped a large part of the history of the 20th century.

End of the Roaring Twenties

Black Tuesday

The Dow Jones Industrial Stock Index had continued its upward move for weeks, and coupled with heightened speculative activities, it gave an illusion that the bull market of 1928 to 1929 would last for ever. On 29 October 1929, also known as the Black Tuesday, stock prices on Wall Street collapsed , setting off a chain reaction of bankruptcies and defaults that quickly spread overseas. The events in the United States were the final shock in a worldwide depression, which put millions of people out of work across the capitalist world throughout the 1930s. Thus, the Roaring Twenties ended on a downbeat note.

Related Topics:
Dow Jones Industrial Stock Index - Speculative - Bull market - 29 October - Black Tuesday - Wall Street - Bankruptcies - Depression - Capitalist

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See also: The Great Depression and Causes of the Great Depression

Related Topics:
The Great Depression - Causes of the Great Depression

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Repeal of Prohibition

The 21st Amendment, which repealed the 18th Amendment, was ratified on February 20, 1933. The choice to legalize alcohol was now left up to the states, and many states quickly took this opportunity to allow alcohol. As the Roaring Twenties were typified by illegal alcohol, the legalizing of alcohol in many ways symbolized their finish.

Related Topics:
The 21st Amendment - 18th Amendment - February 20 - 1933 - Alcohol

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