Essay On The 1920s Economic Boom Video
The Roaring 20's: Crash Course US History #32All: Essay On The 1920s Economic Boom
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Very similar to the U. This surge in the Japanese economy created great optimism about their economy going forward. The rising incomes generated strong demand for both commercial real estate and business shares. The real estate market busted in and this produced a sharp downturn in economic growth. When the real estate assets collapsed it took down both the purchasers and the institutions handing out the loans. The Japanese government tried to fix the problem by increasing government spending, running a large budget deficit but it did not fix the problem.Most of the gangs were grouped by ethnicity, the most common gangs were Irish, Italian, Polish and Jewish.
The prohibition caused hundreds of American citizens to lose their jobs due to the shutdown of over distilleries, a thousand breweries, and overliquor stores across the country. Due to the major shutdown of all these alcohol influenced establishments the economy crashed.
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This also hurt the entertainment industry, Movie theater owners thought that since bars were closing down that their revenue would increase but, it actually decreased. All of this led to the birth of speakeasies, these are undercover bars and distilleries that still sold and manufactured alcohol.
Speakeasies were typically ran by street gangs, that had a password you had to Ecojomic at the door in order to get in, this password would change every night so that the authorities did not get suspicious. In these undercover bars they would sell the consumers alcohol that was homemade, most of the alcohol that was sold had a very poisonous chemical called carbolic acid, but to cover the terrible taste of the homemade alcohol the bartenders would offer the consumer another beverage to pair the alcohol with, these include Coca-Cola, sugar, mint, and fruit juices.
This also was the start of some of the greatest jazz singers careers. Cite this page.]
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