Roaring Twenties

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Chart 1: GDP annual pattern and long-term trend, 1920-40, in billions of constant dollars

The Roaring Twenties is a term sometimes used to refer to the 1920s, characterizing the era's distinctive cultural edge in most of the world's major cities for a period of sustained economic prosperity. French speakers dubbed it the "années folles" ("Crazy Years"), emphasizing the era's social, artistic, and cultural dynamism. "Normalcy" returned to politics in the wake of hyper-emotional patriotism during World War I, jazz music blossomed, the flapper redefined modern womanhood, and Art Deco peaked. Economically, the era saw the large-scale diffusion and use of automobiles, telephones, motion pictures, and electricity, unprecedented industrial growth, accelerated consumer demand and aspirations, and significant changes in lifestyle and culture. The media focused on celebrities, especially sports heroes and movie stars, as cities rooted for their home team and filled the new palatial cinemas and gigantic stadiums. In most major countries women were voting for the first time. Finally the Wall Street Crash of 1929 ended the era, as the Great Depression set in worldwide, bringing years of worldwide gloom and hardship.

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