The Wall Street Crash of 1929 - the Beginning of the Great Depression

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The life in the early 1920’s was changing after the gilded age and World War I. After the gilded age many roles in society were changing especially the working middle class due to the change in big business that early controlled American life. Many different things had huge impacts on the U.S. after World War I, for example the Palmer Raids following the red scare. Political transformation of the 1920’s that influenced the development of modern America includes Palmer Raids, Warren G. Harding, and the emergency quota Act. 

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The Wall Street Crash of 1929, also called the Great Crash, was a serious market crash that occurred in 1929. It started late October and all over later that month, once share costs on the Wall Street securities market folded. It was the foremost devastating securities market crash within the history of the USA, once taking into thought the complete extent and length of its once effects. The crash, that followed the London Stock Exchange’s crash of Sept, signaled the start of the Great Depression. At Ford Motor Company, the mechanical system was introduced by William ‘Pa’ Klann upon his come from visiting Swift & Company’s edifice in Chicago and viewing what was observed because the ‘disassembly line’, wherever carcasses were butchered as they touched on a conveyor. The potency of 1 person removing an equivalent piece over and over while not himself moving caught his attention. He reportable the concept to Peter E. Martin, before long to be head of Ford production, World Health Organization was uncertain at the time however inspired him to proceed. Others at Ford have claimed to have placed the concept forth to industrialist. Although Ford did not invent the car or the production line, he developed and made the primary automobile that a lot of Americans may afford. In doing so, Ford changed the car from a curiosity into a sensible conveyance that may deeply impact the landscape of the 1920s. His introduction of the automobile automobile revolutionized transportation and yank business. because the owner of the Ford Motor Company, he became one amongst the richest and known individuals within the world.       

Overall, there were many social transformations in 1920’s but Al Capone, babe Ruth, and so on. Economic transformations of the 1920’s that influences the development of modern America includes Black Friday, the assembly line, and Henry Ford.

07 July 2022

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