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https://www.thebalance.com/roaring-twenties-4060511 Stock Market was rising at this time and was predicted to keep rising.
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https://sciencestruck.com/inventions-of-1920s This invention has impacted the lives of many because cheeseburgers are loved by many Americans.
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https://sciencestruck.com/inventions-of-1920s Bubblegum is something many people enjoy and buy everyday.
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https://www.thebalance.com/roaring-twenties-4060511 This was a very tough time for the people of America because many people lost their jobs and lost lots of money.
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https://sciencestruck.com/inventions-of-1920s Sunglasses are used by many every day and were a very impactful invention.
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Economy Peaked
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Inflation-average was 0%, highest was 1.8%
CCI-NA
CPI-annual average between 17.1-17.7, annual average between-1.9%-1.8%
GDP/GDP per capita-1923: $802.6 billion1924: $827.4 billion1925: $846.8 billion1926: $902.1 billion1927: $910.8 billion1928: $921.3 billion1929: $977.0 billion
Unemployment-3.3%
Monetary Policy-had just been created, was starting to be used
Fiscal Policy-tax rates lowered more than ever, and government spending
Interest Rates-relatively high, BTD -
People were losing their jobs, houses, savings.
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Inflation: 3.96%
CPI: 16.7
GDP: -8.5%
GDP per Capita: $8,220.90
Unemployment: 8.7% -
Economic policies failed and many blamed Herbert Hoover for the failure of the economic system.
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Infaltion: 10.00%
CPI: 15.2%
GDP: -6.4%
GDP per Capita: $7,638.29
Unemployment Rates: 15.9% -
Roosevelt promised the American people that he would try to fix the depression via government intervention aka Deficit Spending.
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Inflation: 11.38%
CPI: 13.6%
GDP: -12.9%
GDP per Capita: $6,612.17
Unemployment Rates: 23.6% -
Economy cycle hits trough
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Inflation: 2.96%
CPI: 12.9%
GDP: -1.2%
GDP per Capita: $6,491.14
Unemployment Rates: 24.9% -
This was the worst time during the great depression, 15 million people were without jobs. A quarter of the United States were unemployed and struggling.
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Roosevelt had started public works programs to put Americans to work in order to get money circulating again. Over seas Hitler declares himself the absolute ruler of Germany.
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Inflation: 1.5%
CPI: 13.4%
GDP: 10.8%
GDP per Capita: $7,145.40
Unemployment: 21.7% -
Inflation: 3.0%
CPI: 13.7%
GDP: 8.9%
GDP per Capita: $7,729.76
Unemployment: 20.1% -
In the United States unemployment was slowly decreasing however Americans were still in the Great Depression. Germany starts to gain economic power and the Nazi party is fully established.
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United States half way through the Great Depression, ends in 1942. Jesse Owens dominated track and field events in Berlin, Germany.
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Inflation:1.4%
CPI: 13.9%
GDP: 12.9%
GDP per Capita: $8,672.27
Unemployment: 16.9% -
Economy cycle peaked
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Economy cycle hits trough
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https://www.nationalww2museum.org/students-teachers/student-resources/research-starters/draft-and-wwii All men between ages 21-45 were required to register for the draft. About 50 million men registered, and 10 million were selected.
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https://www2.gwu.edu/~erpapers/teachinger/glossary/world-war-2.cfm The US joining WWII meant that they would have to focus even more money, and people into the war.
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http://www.thepeoplehistory.com/1942.html A type of government issued debt security that is normally used in times of U.S. involvement in war for financing purposes. With the help of war heroes and celebrities the US raised about $13 billion dollars.
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