The Roaring 20’s and 30’s
The roaring 20’s was an era where many good and bad things happened. One of the worst things that happened was the great depression and the ridiculous increase in crime rate. The great depression was essentially the stock market crash of 1929. This was due to buying stocks on margin. Buying stocks on margin was buying stocks but not having enough money to pay them on the spot, so they would pay later. Many of this lead to people losing their jobs and property. Due to the lack of money and growth of homeless people, hoovervilles or shanty towns were formed for the homeless. All of the pressures of all the problems of the 20’s and 30’s were put on two presidents. President Hoover was the president at the time of the great depression and the stock market crash. He failed as a president because he was a very conservative president and thought that everything would fix itself according to time. Then came president Theodore Roosevelt which was chosen during the depression and believed that the government had to get more involved to solve the problem. He did all of this by creating the New Deal which was meant to help people get jobs and stimulate the economy, eventually getting america back on track and back to normal. All of this was successfully done in two parts; the first 100m and the second 100 days. …show more content…
Thanks to roosevelt’s changes the depression ended around 1941 the same year world war 2 started.
Throughout this era there were many more problems with america’s economy. For example there was a huge unemployment rate and increased by 24.1% and there were also an increase in the criminal activity throughout america. These crimes mostly took place up in the north, mostly up by new york and chicago. One of the most notorious people during this era that was a major criminal was gangster Al Capone. Al Capone was one of the most notorious gangsters in the New York, Chicago area. He was born on January 17, 1899,Brooklyn New York. he was born to immigrant parents coming from Italy. He dropped out of school at age 11 when he was in 6th grade. Hed associated with a notorious gang, he later got accepted as a member. Johnny Torrio was the gang leader at the time, among the other members there was Lucky Luciano, who later attained his own notoriety. He joined Torrio in Chicago where he had become an influential Lieutenant in the Colosimo Mob. The rackets spawned by enactment of the Prohibition Amendment, illegal brewing, distilling and distribution of beer and liquor, were viewed as growth industries. Torrio, abetted by Al Capone, intended to take full advantage of opportunities. The mob also developed interests in legitimate businesses in the cleaning and dyeing field and cultivated influence with receptive public officials, labor unions, and employees’ associations. In 1925 Capone became the boss after Torrio became seriously injured in an assassination attempt. Capone had built a ruthless and fearsome reputation for the mob. One of the most notorious crimes that Capone is supposedly known for is the ‘’ Valentine's Day …show more content…
Upon denial of appeals, he entered the U.S. Penitentiary in Atlanta, serving his sentence there and at Alcatraz.
On November 16, 1939 Capone was released after serving 7 years, 6 months, 15 days. He also paid all fines and taxes he owed back. Suffering from paresis derived from syphilis, he had deteriorated greatly during his confinement. Immediately on release he entered a Baltimore hospital for brain treatment and then went on to his Florida home, an estate on Palm Island in Biscayne Bay near Miami, which he had purchased in 1928.
Following his release, he never publicly returned to Chicago. He had become mentally incapable of returning to gangland politics. In 1946, his physician and a Baltimore psychiatrist, after examination, both concluded Capone then had the mentality of a 12-year-old child. Capone stayed on Palm Island with his wife and immediate family, in a very closed place, until his death due to a stroke and pneumonia on January 25,
The roaring 20’s was an era where many good and bad things happened. One of the worst things that happened was the great depression and the ridiculous increase in crime rate. The great depression was essentially the stock market crash of 1929. This was due to buying stocks on margin. Buying stocks on margin was buying stocks but not having enough money to pay them on the spot, so they would pay later. Many of this lead to people losing their jobs and property. Due to the lack of money and growth of homeless people, hoovervilles or shanty towns were formed for the homeless. All of the pressures of all the problems of the 20’s and 30’s were put on two presidents. President Hoover was the president at the time of the great depression and the stock market crash. He failed as a president because he was a very conservative president and thought that everything would fix itself according to time. Then came president Theodore Roosevelt which was chosen during the depression and believed that the government had to get more involved to solve the problem. He did all of this by creating the New Deal which was meant to help people get jobs and stimulate the economy, eventually getting america back on track and back to normal. All of this was successfully done in two parts; the first 100m and the second 100 days. …show more content…
Thanks to roosevelt’s changes the depression ended around 1941 the same year world war 2 started.
Throughout this era there were many more problems with america’s economy. For example there was a huge unemployment rate and increased by 24.1% and there were also an increase in the criminal activity throughout america. These crimes mostly took place up in the north, mostly up by new york and chicago. One of the most notorious people during this era that was a major criminal was gangster Al Capone. Al Capone was one of the most notorious gangsters in the New York, Chicago area. He was born on January 17, 1899,Brooklyn New York. he was born to immigrant parents coming from Italy. He dropped out of school at age 11 when he was in 6th grade. Hed associated with a notorious gang, he later got accepted as a member. Johnny Torrio was the gang leader at the time, among the other members there was Lucky Luciano, who later attained his own notoriety. He joined Torrio in Chicago where he had become an influential Lieutenant in the Colosimo Mob. The rackets spawned by enactment of the Prohibition Amendment, illegal brewing, distilling and distribution of beer and liquor, were viewed as growth industries. Torrio, abetted by Al Capone, intended to take full advantage of opportunities. The mob also developed interests in legitimate businesses in the cleaning and dyeing field and cultivated influence with receptive public officials, labor unions, and employees’ associations. In 1925 Capone became the boss after Torrio became seriously injured in an assassination attempt. Capone had built a ruthless and fearsome reputation for the mob. One of the most notorious crimes that Capone is supposedly known for is the ‘’ Valentine's Day …show more content…
Upon denial of appeals, he entered the U.S. Penitentiary in Atlanta, serving his sentence there and at Alcatraz.
On November 16, 1939 Capone was released after serving 7 years, 6 months, 15 days. He also paid all fines and taxes he owed back. Suffering from paresis derived from syphilis, he had deteriorated greatly during his confinement. Immediately on release he entered a Baltimore hospital for brain treatment and then went on to his Florida home, an estate on Palm Island in Biscayne Bay near Miami, which he had purchased in 1928.
Following his release, he never publicly returned to Chicago. He had become mentally incapable of returning to gangland politics. In 1946, his physician and a Baltimore psychiatrist, after examination, both concluded Capone then had the mentality of a 12-year-old child. Capone stayed on Palm Island with his wife and immediate family, in a very closed place, until his death due to a stroke and pneumonia on January 25,