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The 1920's
Beginning of essay
The 1920s may have begun on a note favoring the consumption of wine, but it also opened on a threat to liberty and capital punishment for political syndicalism. In the spring of 1920, a typesetter and anarchist named Andrea Salsedo was arrested in New York City and held without counsel for eight we ....
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....had begun with the precipitous decline of the Dow-Jones averages for 65 stocks listed on the New York Stock Exchange which listed the stock of about 1,200 companies then. Excessive credit, not enough margin requirements, and the effects of high tariff protectionism had made their contribution to this financial débacle. In 1923, a Republican Secretary of the Treasury, Andrew Mellon, had recommended a huge tax cut. Against stiff opposition the tax cut was enacted. In 1928, New York's Mayor LaGuard.... |
| Number of words: 1236 |
Approximate pages: 5 |
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