The classical model and the great depression.

Essay by voyeurUniversity, Bachelor'sA+, May 2003

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1920 was a great decade to live in. Our country's economy was booming, people made enough money to splurge once in a while. Cars, movies, dance marathons, and the radio were many things being splurged on in our country. Cars had just become popular, thanks to Henry Ford who invented the push line. The push line turned production to a new level. Instead of one person doing all three jobs required in building something, one person was assigned to each job. This caused production to skyrocket, lowering costs, and therefore increasing profits. Henry Ford spent his increased profits on his consumers and employees. Not only did he lower the cost of the model T from $5,000 to $300, but he also doubled his employees' wages. Dance marathons were another popular thing to spend money on. These marathons would last months at a time. A person could go for only a quarter and stay as long as they wished.

Favorite dancers would put on drama shows, fake marriages, and have coins thrown at them. Movies were just being introduced as well, and the theatre of every town was a busy place. Our country at the time was the closest it's been excluding the possibility of our 911 era today. One of the main causes for this was the radio. The radio made it possible for people from every town to listen to the same shows, and hear the same news, all across the country. People could hear things on the radio that resembled the way they felt about an issue. Not only did the radio cause our nation to come together, it also caused families to come together. Typical families had radios they would set near the fire, and listen to them every evening. Life was great...until the dramatic downfall of...