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The United States Since the Civil War Report (Assessment)

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Updated: Mar 19th, 2021

Roaring Twenties, for Some

During the ‘roaring twenties’ people were seeking at least a decent life devoid of war as a way of escaping from the trauma that emanated from the ‘Great War.’ The worst thing to have happened in an aftermath of the war was economic depression. People were struggling to cope with the declining economy. As a positive gesture, socio-economic changes started happening thus restoring the dashed ‘American dream.’ In essence, the composition of the labor force changed, consequently incorporating different races and gender. People had time for social activities, for instance, the affluent resorted to alcoholism prior to its prohibition and, sports and movie stars and, fashion designers emerged (Caswell 1).

If I was living then, as a professional designer, the escape route that I would have explored is fashion designing. This is because the avenue was economically virgin and presented a wider market since America was a composite of a diversity of culture.

I think those people who were experiencing prosperity but, economically naive thought this would never end. This is typified by Ford Motor Company which thought of paying its workers higher wages cum benefits to quell strikes. If they thought otherwise I think they would have treaded cautiously on these incentives (Postel 5).

Student Respond

As per the student’s response, I am opposed to the fact that the then people of the ‘roaring twenties’ were escaping from their dull lives. Principally, they were healing from the ‘Great War’ as they sought to revive their dashed ‘American dream.’ Among the dreams was to enhance gender balance vital in triggering prosperity across the board (Wolf 3).

As an economist, I think it would be irrational for the student to choose the Stock Market for investment then. The student would have sensed the fate of his/her investment courtesy of the rates. Apparently, the implication of a low initial rate is that it impacts negatively on investment.

As for the fate of the prosperous investors, I partially agree with the student because economically, ignorant investors would never have sensed the doom and gloom awaiting them. The economically smart companies read between the lines and hence; decreased the prices of their shares in order for them to sell and eventually quit.

Depression and the New Deal

The financial impact of losing a job is devastating. Ideally, once a job is lost the victim becomes financially crippled and, over time, this is manifested physically on the individual. In most occasions, an initially healthy individual prior to unemployment appears emaciated once unemployed. This is owed to the fact that the initially affordable basic needs are hard to come by currently.

Losing a home or an automobile has a very devastating effect emotionally. However, of the two, losing a home is the most emotionally aggravating experience. The reason is that a home forms one of the basic needs that you cannot do without. It is very embarrassing to ask for shelter from a colleague often.

According to the critics of the Obama Administration and the Congress, the handling of the ‘2007 Economic Crash’ and hence its ensuing recession was a complete flop. The Obama Administration injected a $ 787 billion stimulus package into the economy with the hope of creating more than 3.3 million jobs to a shocking revelation. The opposite was true- more than 3.3 million jobs were lost.

Student Respond

As regards the student’s response on the impact of losing a job I totally concur with him/her. However, with respect to the emotional impact of losing a home or an automobile, I feel losing the former carries more weight. As a means of mobility, I feel public means can serve as an alternative to a lost automobile but home has no substitute. Finally, on the critics of Obama’s Administration, precisely, the student ought to have indicated that the entire program was a sham.

Works Cited

Caswel, Thomas. Progressive Era Reform. Denver: MacMurray, 2008. Print.

Postel, Charles. An Overview of Populism. New York: Penguin, 2009. Print

Wolf, Ashton. The American People’s Party. Boston: Allyn, 2000. Print.

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