In the decade following the conclusion of the "war to end all wars," there were bound to be a number of changes and indeed there were – socially, economically, and politically. With a new position as a leading world power, innovative economic advances, new leadership, and new laws, the roaring twenties had become a drastically different time from the previous decades. In the twenties, The United States experienced a radical social transformation.
With the invention of the radio came a widespread audience to music, especially Jazz. The new music styles influenced other styles including the clothing of the time. The youth sported new looks such as above-the-knee skirts, then considered quite scandalous. This generation, commonly referred to as the "Flappers" were also frequently found at speakeasies, an secretive way around the new laws of prohibition.
This out-going, party generation differed quite a bit from the previous war-torn generation, but they embodied the changing times and ways of the nineteen-twenties. Economically, great advances came about in the nineteen-twenties. The most influential of which was the concept of credit. The buy-now-pay-later invention lead to a massive increase in spending, as many seemed to forget that they would eventually have to pay money.
Many bought stocks on Wall Street, which contributed to the incredible bull market of the time, however, the unregulated spending and over speculation of the continuous success caught up with the many investors on "Black Tuesday" of 1929. The stock market plummeted causing many to lose thousands of dollars and sparking the great depression. Farmers enjoyed little to no prosperity in the twenties as overproduction of many crops lead to horrible wages and many hardships. So although the twenties are known for the prosperity of the period, the unregulated farming and spending of the day lead to extremely s…