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Bonus Army. The Bonus Army was a group of 43,000 demonstrators – 17,000 veterans of U.S. involvement in World War I, their families, and affiliated groups – who gathered in Washington, D.C., in mid-1932 to demand early cash redemption of their service bonus certificates. Organizers called the demonstrators the Bonus Expeditionary Force (B.E ...
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [6] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
Calvin Coolidge (born John Calvin Coolidge Jr.; [ 1] / ˈkuːlɪdʒ /; July 4, 1872 – January 5, 1933) was an American attorney and politician who served as the 30th president of the United States from 1923 to 1929. Born in Vermont, Coolidge was a Republican lawyer who climbed the ladder of Massachusetts politics, becoming the state's 48th ...
The Bonus Army protesting on the U.S. Capitol steps on Jan. 2,1932. Universal History Archive/Universal Images Group via Getty ImagesThe Bonus Army March is a forgotten footnote of American history.
By 1929 it was selling 1.9 million automobiles annually — an increase of 765% in less than a decade. Presently, despite a chip shortage causing supply issues, GM had a pretty good 2021 ...
The Roaring Twenties, sometimes stylized as Roaring '20s, refers to the 1920s decade in music and fashion, as it happened in Western society and Western culture. It was a period of economic prosperity with a distinctive cultural edge in the United States and Europe, particularly in major cities such as Berlin, [ 1] Buenos Aires, [ 2][ 3 ...
During the Roaring Twenties, the central bank had set as its primary goal "price stability", in part because the governor of the New York Federal Reserve, Benjamin Strong, was a disciple of Irving Fisher, a tremendously popular economist who popularized stable prices as a monetary goal. It had kept the number of dollars at such an amount that ...
Hopes of a repeat of the post-influenza Roaring ’20s are understandable, but misunderstand the differences between then and now, says historian John M. Barry. Post-Covid America Isn’t Going to ...