The economic prosperity experienced by many countries during the 1920s (especially the United States) was similar in nature to that experienced in the 1950s and 1990s. Each period of prosperity was the result of a paradigm shift in global affairs. These shifts in the 1920s, 1950s, and 1990s, occurred in part as the result of the conclusion of World War I and Spanish flu, World War II, and the Cold War, respectively.
The 1920s saw foreign oil companies begin operations throughout South America. Venezuela became the world's second largest oil producing nation.
The Roaring Twenties brought about several novel and highly visible social and cultural trends. These trends, made possible by sustained economic prosperity, were most visible in major cities like New York, Chicago, Paris, Berlin and London. "Normalcy" returned to politics in the wake of hyper-emotional patriotism during World War I, jazz blossomed, and Art Deco peaked. For women, knee-length skirts and dresses became socially acceptable, as did bobbed hair with a marcel wave. The women who pioneered these trends were frequently referred to as flappers.
The era saw the large-scale adoption of automobiles, telephones, motion pictures, radio and household electricity, as well as unprecedented industrial growth, accelerated consumer demand and aspirations, and significant changes in lifestyle and culture. The media began to focus on celebrities, especially sports heroes and movie stars. Large baseball stadiums were built in major U.S. cities, in addition to palatial cinemas.
Most independent countries passed women's suffrage after 1918, especially as a reward for women's support of the war effort and endurance of its deaths and hardships.
Women's suffrage movement continues to make gains as women obtain full voting rights in New Zealand (1893), the Grand Duchy of Finland (1906), Denmark (1915), the United Kingdom in 1918 (women over 30) and in 1928 (full enfranchisement), and in the United States in 1920
Women begin to enter the workplace in larger numbers
The Immigration Act of 1924 places restrictions on immigration. National quotas curbed most Eastern and Southern European nationalities, further enforced the ban on immigration of East Asians, Indians and Africans, and put mild regulations on nationalities from the Western Hemisphere (Latin Americans).
A peak in the early 1920s in the membership of the Ku Klux Klan of four to five million members (after its reemergence in 1915), followed by a rapid decline down to an estimated 30,000 members by 1930.
Economic boom ended by "Black Tuesday" (October 29, 1929); the stock market crashes, leading to the Great Depression. The market actually began to drop on Thursday October 24, 1929, and the fall continued until the huge crash on Tuesday October 29, 1929.
The most memorable fashion trend of the Roaring Twenties was undoubtedly "the flapper" look.
The 1920s is the decade in which fashion entered the modern era. It was the decade in which women first abandoned the more restricting fashions of past years and began to wear more comfortable clothes (such as short skirts or trousers). Men also abandoned highly formal daily attire and even began to wear athletic clothing for the first time. The suits men wear today are still based, for the most part, on those worn in the late 1920s. The 1920s are characterized by two distinct periods of fashion. In the early part of the decade, change was slow, as many were reluctant to adopt new styles. From 1925, the public passionately embraced the styles associated with the Roaring Twenties. These styles continue to characterize fashion until the worldwide depression worsened in 1931.
The period from the end of the First World War until the start of the Depression in 1929 is known as the "Jazz Age"
"The Jazz Age"—jazz and jazz-influenced dance music became widely popular throughout the decade.
Both stations broadcast the election results between Harding and Cox in early November. The first station to receive a commercial license is WBZ, then in Springfield MA, in mid-September 1921. While there are only a few radio stations in 1920–21, by 1922 the radio craze is sweeping the country.
1922: The BBC begins radio broadcasting in the United Kingdom as the British BroadcastingCompany, a consortium between radio manufacturers and newspapers. It became a public broadcaster in 1926.
^Wilkins, Mira (1974). "Multinational Oil Companies in South America in the 1920s: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, and Peru". The Business History Review. 48 (3): 414–446. doi:10.2307/3112955.
^Price, S (1999). "What made the twenties roar?". 131 (10): 3–18. Cite journal requires |journal= (help)