Letters from an American October 28, 2025
48 snips
Oct 29, 2025 Dive into the political landscape of the 1920s as Americans sought 'normalcy' post-war. Discover how Republican policies favored business, igniting an industrial boom and consumer culture. Explore the risks of speculation in the stock market that led to the disastrous crash on Black Tuesday. Learn about the human cost of the ensuing Depression, with widespread unemployment and hardship. Finally, see how Roosevelt's New Deal aimed to reshape America, introducing vital reforms and laying the groundwork for future recovery.
AI Snips
Chapters
Transcript
Episode notes
Boom Built On Business-Friendly Policies
- The 1920s economic boom reflected policies that favored business and wealth over regulation and broad worker gains.
- Rapid industrial growth and consumer tech adoption masked deep inequality that left many Americans vulnerable.
Policy Favored The Wealthy, Not Wages
- Republican leaders placed government control in the hands of wealthy businessmen who cut taxes and promoted industry.
- The result was surging profits and new consumer goods but wages largely stagnated.
Electricity Transformed Everyday Life
- By 1929 more than two-thirds of American homes had electricity, transforming daily life with new appliances and radios.
- Consumers rushed to buy goods promoted by a booming advertising industry promising glamour and modernity.