Collection cover image

Credit and Inflation lead to Depression

The 1920s were a time of happiness following victory in the first World War. The time period is often known as the "Roaring 20s" and it was characterized by laissez-faire economics and an era of false prosperity. The 1920s saw the invention of the automobile and a rise in employment in factory jobs. The happiness and false prosperity were quickly shattered with the onset of the stock market crash of 1929 and the Great Depression of the 1930s.