Jazz Age - Why Did The Jazz Age Come To An End - IN EXAM Flashcards
What were the 1920’s or jazz age also known as
The golden twenties
Following he horrors of World War One what had happened to Europe
It had been ravaged by the war and left in an economic mess with huge war debts
How were good times taking off in the 1920’s in America after WW1
Industry was booming, car manufacturing was on the rise and the average person was becoming more financially well off.
With this money many began to invest in stocks and shares in companies in the financial capital of the USA, Wall Street in New York
What went wrong:
What happened when the USA began investing large amounts of money in Europe as well
There was a general improvement in people’s lives. More people became rich, new dances like the Charleston came about and people began to forget about the Great War
When did the golden period come to an abrupt end
In 1929
Why did the golden period come to an abrupt end in 1929
As industry started to decline and people began to lose their jobs.
They began to sell their stocks and shares which caused a panic on Wall Street.
In Wall Street the value of stocks and shares in companies plummeted and people lost millions of dollars over night
This would be known as the Great Depression which would last until WW2
What happened to many people when the jazz age came to an end
In many cases people lost everything. Their jobs, jokes and they couldn’t even afford to feed themselves or their families.
What went wrong:
What effect did the Wall Street crash have in Europe
It has a massive impact on Europe, as all the loans that the USA had given to places like France and the UK were taken back.
In Germany this had a dramatic impact as unemployment soared to 6 million and would be one of the main reasons why Hitler came to power in 1932
