Elements of Fiction

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In the 1920’s, many people had money to buy a lot of new technologies, had more leisure time and relaxed more. Due to the amount of stocks they purchased and the new idea of credit buying, everyone could afford new technology. This was a very innovative period of time; radios, cars, electrical objects etc were all being made. But many people didn’t know that all of these new innovative things were using lot of money, and they didn’t make smart choices about purchasing them. Canadians bought stocks, and used the money from the stocks to buy many items, that they could not afford. They used credit buying to buy new inventions like the radio, car, stove, microwave etc. They took advantage of this new era and new way of living, and they bought all of these new objects just because it was the “rage” not knowing that they could not be able to pay back the loan, and they ended up getting bankrupt and having all the items that they purchased get repossessed. Canadians also had a lot of leisure time, which they enjoyed for themselves; there were shorter hours of working. Many people spent most of their money watching plays, go horseback riding and do more recreational activities that required a lot of money. This hurt the economy because many objects were being purchased to make the plays and help support the other recreational activities which acquired a lot of extra money, this caused a lot of people to go in debt, because Canadians didn’t have enough money for all of these extra recreational activities. Canada also depended on the amazing economy, that many people decided not to work, this was a disaster because they still needed people to work, to help produce items, and help keep their economy at its best. The way of living in the 1920 was not for money saving and people cared more about enjoying themselves, and got lazy, therefore this was a leading cause to The Depression.

The Great Depression has taught an important lesson. It is really important, not to overspend, over produce and depend on others. The 1920’s were a spectacular time, but many can agree that it led up to the causes of the great depression. The 1920’s was a interesting period of time led that up to the 30’s, through the depression, it has taught us what can happen when you don’t think about money wisely and depend on others and live your life carelessly.