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An American Economic Revolution: The 1920 Decade
Frank W. Tuttle
Vol. 40, No. 2 (APRIL 1965), pp. 75-85
Stable URL: http://www.jstor.org/stable/41885085
Page Count: 11
You can always find the topics here!Topics: Bank loans, Government bonds, Coupon bonds, Automobiles, Mortgage bonds, Commercial banks, Interest, State banks, World wars, Housing
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The close of World War I set the stage for a complete upheaval in patterns of living and of economic and social behavior. Amateur sports went big-time; professional sports, except baseball, struggled for recognition. America went on wheels and ribbons of concrete and asphalt were added to those of steel rails. Filling stations for cars and for people dotted the countrysides. In spite of apparent prosperity, commercial banks failed in large numbers. Former depositors of savings banks were swept under by a wave of stock market speculation. National income derived from agricultural pursuits declined. People went urban, then suburban. Electricity became of age. Industrial, economic, and social changes occurred so rapidly that they caused great confusion. Prosperity was here to stay—or so the people were told by their business and political leaders. The decade of the 1920's was truly revolutionary in character.
Social Science © 1965 Pi Gamma Mu, International Honor Society in Social Sciences