Early Modern Art and the Great Depression
The Great Depression The Great Depression is said to have started when the stock market crashed in October 1929, but there were many factors leading up to one of the darkest decades in American history. Advancements in technology led to an uptick in industrial-made products which were advertised and promoted sparking a new sense of consumerism. To take part, many Americans were using installment buying, also known as credit, to fund their new lifestyles. Installment buying was also used to buy shares in the stock market, enabling anyone to purchase stock on loan and make money fast. On the other side of things, the agricultural sector of the United States was suffering as well. Due to the increase in demand for food during World War I, farmers expanded their farms and needed machinery to manage them. Most had to use credit to purchase these machines but ultimately lost their farms due to little to no profits. The Dust Bowl greatly contributed to the Great Depression as well, ravishing ...