Answer: These were the days of profound prosperity. The American even sponsored the Harlem Renaissance of literature and culture celebrating the black experience.
They were years of glamour and wealth, highlighted by a construction boom, with skyscrapers built higher and higher in the famous skyline. New York's financial sector came to dominate the national and the world economies. The economy of New York City was prosperous with a few short dips, until the decade-long Great Depression, which began with a Wall Street stock market crash in late 1929. life was not same for everyone during this period.
Economic
The middle-income family did not have a surplus of income but did have a fairly comfortable standard of living. Before the onset of the Depression in the fall of 1929, the term "standard of living" had come to mean not just adequate food, housing, and clothing but anything families were unwilling to go without. After the Depression, at least for the first half of the 1930s, standard of living again referred to the basics of food, shelter, and clothing, since the means to achieve more than the basics had declined. These basic necessities absorbed at least three-quarters of a household budget. Luxuries played a very small part in the life of most families. Nevertheless, people of middle incomes clung to the idea that certain material goods and lifestyles that had become important to them would again eventually be attainable.
The main bases of the economy were construction, ocean shipping, garments, machine tools, and printing. Labor unions rose and fell and rose again. so I cannot imagine my life to be great in 1928.
Social and political
like stated earlier, The 1920s was a time of prosperity, leading to new energy, excitement, and flamboyance. Sadly, the exuberance ended when the stock market crashed in 1929, and the public turned away from games, frolic, and fashion to face the unemployment and discouragement of the Great Depression.
It transformed American social and political institutions and the ways individual people thought about themselves and their relationship to the country and the world. Though no two people had the same understanding of the Depression, everyone felt challenged and changed by the experience.
By 1932, three years after the initial crash, near thirty million Americans had lost their source of income, from unemployment or loss of a family breadwinner. This included more than a quarter of the population of Washington State. Of those lucky enough to have consistent work, many, perhaps most, took pay cuts or worked reduced schedules. Though there had been devastating economic depressions before, the 1930s crisis encompassed both urban and rural regions and devastated middle-class and working-class people alike.. So here just talk about fashion, etc