The boom in America came to an end due: To the fact that in October the Stock Market plunged and as the people that profited from the boom speculated on Wall street they got badly effected by it resulting in them losing their house and all their others goods. These people came to live in Hoovervilles just outside the city with "houses" made of available cardboard and plastic.

Seldom does a single event so clearly define the end of one era and the start of the next, as did the Stock Market Crash of 1929. More often, these transitions occur over time and are the result of many events. In this instance, October 29 "Black Tuesday", 1929 was the day everything changed. The Jazz Age died and the Great Depression was born. The week leading to the stock market crash saw the heaviest trading in history. On Thursday, Oct. 24, a new record trading volume was set when more than 12 million shares changed hands. This was some four times the previous record. On Friday, the volume topped Thursday's record, but clearly the pressure was building. The weekend helped to ease the anxiety somewhat. But when the market volume skyrocketed and the losses mounted on Monday, the stage was set f

Another fact related to this is the "laissez faire" attitude that president Coolidge and Hoover had. This resulted in as already explained above unreliable banks and trusts where the bosses of big industries agreed that there would be a price arrangement with no competition between them. This gave the bosses a higher income, which restricted in higher wages for the workers, who having more money were buying more goods and investing in shares. Due to this rise in wages the people got an increase in confidence that made them think positively about all aspects of life including their shares on the stock market but this eventually would have to stop immediately. You can compare it with a rollercoaster slowly the confidence increases but once at the top it plunges down leading to the Wall Street crash. The confidence the Americans had was not based on reality but on virtuality where as said every aspect of life was positive here we think about Hollywood, the films and stars.

So by a certain time during the boom certain groups or cultures could not buy any more goods, as they didn't have enough money left. At home though they would have a car, radio and other consumer goods bought over a short period of time before but now they had difficulty of paying their mortgage so the demand for goods started to fall and the age of overproduction was created.

Some common words found in the essay are:
Wall Street, Union Cigar, Red Scare, YORK TIMES, Hire Purchase, Jazz Age, Ford Factory, Coolidge Hoover, American Americans, Stock Market, stock market, wall street, sharing boom, wall street crash, street crash, people shared, buy consumer, workers money, laissez faire attitude, laissez faire, hire purchase, shared boom, stock market crash, people shared boom, workers money buy,
Approximate Word count = 1951
Approximate Pages = 8 (250 words per page double spaced)