The Time of Your Life Historical Context

This Study Guide consists of approximately 90 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of The Time of Your Life.
This section contains 672 words
(approx. 2 pages at 400 words per page)
Buy The Time of Your Life Study Guide

On October 29, 1929, the New York Stock Exchange crashed when investors sold sixteen million shares in just one trading day. Just a year before that, Herbert Hoover had been elected U.S. president, and the nation was basking in the glow of an unprecedented economic boom. The stock market collapse, however, firmly placed the nation on the road to the Great Depression, and by 1933, the nation's unemployment rate was at about twenty-five percent. Historians and economists disagree over the cause of the depression: some have maintained that the crisis was a global event, exacerbated by Germany's inability to pay the reparations that England and France demanded for its role in World War I; others have blamed a decline in consumption by Americans; while others have pointed to overvalued stocks as the culprit.

The stock collapse did not affect the nation's economy all at once. Gradually, businesses...

(read more from the Historical Context section)

This section contains 672 words
(approx. 2 pages at 400 words per page)
Buy The Time of Your Life Study Guide
Copyrights
Drama for Students
The Time of Your Life from Drama for Students. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.