Roaring 20s is a term used to refer to the 1920s when most countries such as America, England, Germany, and France were undergoing social, economic, cultural, and artistic dynamism. During this period, there was high economic development and most of the sectors in these countries were performing at the required levels. The problems that had been brought about by World War I were gradually wiped away during this period as the economy experienced a boom. The Depression refers to the economic collapse in the United States of America and other countries between 1929 and the early 1940s. The period was associated with many economic problems, and it eventually contributed to the emergence of World War II in 1945. Both the Roaring 20s and the Depression demanded a New Deal that emphasized the regulation of the economy.
This essay explicates the Roaring 20s, the Depression, and their several effects.
The Roaring 20s demanded a New Deal through emphasizing on the need for goals to ensure full employment, maintenance of public works, and fair wages to employees in various sectors. The economy was performing at the best level, and there was a need to set standards that would ensure that all the participants benefitted. According to Streissguth (2007), the Roaring 20s was a period of economic prosperity and most of the economic systems were performing at the required levels. Thus, there was the need to establish a New Deal that would ensure that these standards are effectively achieved during the economic boom. There was a need to ensure that all the citizens were satisfied by the economic performance and all the idle resources were effectively employed. These resources included labor and natural resources that would boost the economy further. Marsh (2005) points out that, during this time, there was a need to maintain all the public works at the same levels of performance and even employ further technology. There were set minimum wages for all employees in order to ensure that they effectively benefitted from the efforts they dedicated to building the economies of their respective countries. The Roaring 20s demanded the New Deal through effective agitation of all the requirements needed to cater for employees and production levels effectively. Therefore, the Roaring 20s demanded a New Deal by agitating for the formulation of goals to ensure all economic sectors were effectively catered for.
The Depression demanded a New Deal by highlighting the problems that the entire economy had undergone. The Depression had negatively affected the entire economy, and there was a need for recovery. Marsh (2005) reports that the New Deal was the only vehicle that would be used to ensure that the economy effectively recovered. The global economy was undergoing problems related to a drop in production, closure of industries and financial institution, and most individuals were losing their jobs. The Depression demanded a New Change that would act as a remedy to the existing problems. There was the need for the global economy to recover in order to ensure that individuals went back to their normal living standards. The economy was in dire need of Recovery, and a New Deal was the only solution to effective recovery. Most leaders believed that the economy would only be revived through the New Deal and the only way to demand a New Deal was through the presentation of the problems the economy was undergoing. A New Deal was demanded through effective highlighting of the problems that were hampering further economic problems. It was to be used in the economic recovery and ensure that the world went back to its normal operating conditions. Thus, there was the need for the economy to recover and move back to its effective levels of operation.
The period of the Roaring 20s and the Depression changed the understandings of various aspects such as civil liberties, economic security, government, and the role of the individual in society. The understanding of civil liberties changed, during the period, as they were newly understood as units of the fight for freedom. All individuals especially the blacks had opened up their minds to fight and liberate themselves from mysteries. This gave civil liberties a new understanding relating to fight for freedom. Sammis (2000) asserts that during the period, the understanding of economic security changed to every sector working harder without reducing on the economic activities during high levels of performance. This means that individuals would lead a better life in case they are able to sustain the economy through continued working and contribution. The understanding of the government also changed among most individuals. According to Sammis (2000), a government was understood as a group of individuals elected to represent their countries in various sectors. It was also seen as a solution to the problems facing citizens because of the contribution to the New Deal that would help in reviving the economy. The role of the individual in the society also acquired a new understanding. An individual’s role was understood as the efforts used by one and dedication that one has towards various activities in the economy.
In conclusion, the Roaring 20 is a phrase that is used to refer to the 1920 when the economies of several countries such as the United States and France were performing at the bets of their levels. During the period, there was an economic boom and all sectors were performing well hence improving the living standards of individuals. The Depression refers to the period that begun in 1929 up to the early 1940s. It was a period of economic turmoil as most industries and financial institutions closed down. They demanded a New Deal through the agitation of the specific matters that were happening at that time.