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Word Count: 475
Did the Prosperity of the 1920s Cause the Depression In my opinion I think that the prosperity of the 1920s did partly cause the Great Depression I feel this is true because although the 1920s appeared to be a time of great prosperity in fact it was a time of many weaknesses in the world economy The apparent wealth was unevenly distributed The wealthy the captains of industry made huge profits on things like railroads and oil but the rest of the people caught up in the atmosphere of prosperity spent more than they earned Farmers in particular faced heavy debt and after World War I were unable to make a profit In Europe the economy was having a hard time recovering from World War I and the countries as well as the people ran up huge debts I think that both the crash of 1929 and the depression were the effects of the instability of the economy of the 1920s Americans after the war were no longer concerned for international issues and instead concentrated on getting rich enjoying themselves and taking advantage of the new fads and inventions of the twenties like the car and the radio The traditional rural values began to fall out of favor and instead people became more self-centered non-religious and cocky about their prosperity This new confidence fit well with the economy of the twenties The modern industries had developed methods like the assembly line to build huge numbers of products and the companies needed to develop markets for this abundance of goods Prosperity could continue only if people could be persuaded to give up old habits like saving and postponing their pleasures and instead be induced to buy things whether they could afford them or not Advertising boomed and people all believed that they needed such things as cars radios and household appliances Consumer credit was another innovation of the 1920s People were encouraged
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