The 1920s (pronounced "nineteen-twenties" often shortened to the "'20s" or the "Twenties") was a decade that began on January 1, 1920, and ended on December 31, 1929. In America, it is frequently referred to as the "Roaring Twenties" or the "Jazz Age", while in Europe the period is sometimes referred to as the "Golden Twenties" because of the economic boom following World War I (1914–1918). French speakers refer to the period as the "Années folles" ("crazy years"), emphasizing the era's social, artistic, and cultural dynamism.
During the 1920s, the world population increased from 1.87 to 2.05 billion, with approximately 700 million births and 525 million deaths in total. (Full article...)
The Depression of 1920–1921 was a sharp deflationaryrecession in the United States, United Kingdom and other countries, beginning 14 months after the end of World War I. It lasted from January 1920 to July 1921. The extent of the deflation was not only large, but large relative to the accompanying decline in real product.
There was a two-year post–World War I recession immediately following the end of the war, complicating the absorption of millions of veterans into the economy. The economy started to grow, but it had not yet completed all the adjustments in shifting from a wartime to a peacetime economy. Factors identified as contributing to the downturn include returning troops, which created a surge in the civilian labor force and problems in absorbing the veterans; Spanish flu; a decline in labor union strife; changes in fiscal and monetary policy; and changes in price expectations. (Full article...)
Born to a Quaker family in West Branch, Iowa, Hoover grew up in Oregon. He was one of the first graduates of the new Stanford University in 1895. He took a position with a London-based mining company working in Australia and China. He rapidly became a wealthy mining engineer. In 1914, the outbreak of World War I, he organized and headed the Commission for Relief in Belgium, an international relief organization that provided food to occupied Belgium. When the U.S. entered the war in 1917, president Woodrow Wilson appointed Hoover to lead the Food Administration. He became famous as his country's "food czar". After the war, Hoover led the American Relief Administration, which provided food to the starving millions in Central and Eastern Europe, especially Russia. Hoover's wartime service made him a favorite of many progressives, and he unsuccessfully sought the Republican nomination in the 1920 U.S. presidential election. (Full article...)
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