Analyze The Effects Of The Progressive Era

The Progressive Era came to an end with World War I as the war exposed humanity's potential for large-scale cruelty (Social Welfare History Project, 2017). National politics took a part in the ending of the Progressive era. The Red Scare was a part of that because America had a fear that the United States would be vulnerable to a communist takeover (Schultz, 2013). America was not meant to be a communist country. Another issue they faced was with race. They did not want white women being around African American men, so this caused a race riot. The tension among whites and African Americans remained violent and they had riots in numerous cities over time. President Harding won the election of 1920 and wanted to end the Progressive politics by

The agriculture remained in depressed conditions from 1923-1929 (Mcelvaine, 2004). Another issue faced and that was a cause for depression was finance. Although the United States went from a net debtor to the world's largest creditor, war debts and reparations were continuing irritant to the international economy in the twenties (Mcelvaine, 2004). The United States was considered banker or creditor-in-chief, which was the role of Great Britain previously, but they were not prepared for it and the leaders were wanting more exported than imported and this was incompatible with America's assumption of the position of the world's leading lender, because the other countries would have to sellmore to the United States than they purchased in order for them to repay the debt they owed the United States creditors (Mcelvaine, 2004). The stock market crash was not the cause of the Great Depression, but it did contribute to it. According to Mcelvaine (2004), the crash accelerated the downward spiral of the economy wiping out the paper wealth investors and altering the previously euphoric outlook of so many people into one pessimism, which made them more cautious of their spending and their investments and due to this they needed further demand. The money supply had major effects on the economy as well. If there is no money, then prices would have to fall and this could cause deflation, which is what caused the Panic of 1893, before the Great Depression took place. Germany dealt with hyperinflation and this contributed to the Depression. One way was that it wreaked havoc on the German economy and several European countries and they never fully recovered (Mcelvaine, 2004). Next, "the German disaster caused nations to be unduly concerned with avoiding inflation when the more dangerous economic predator luring the in the shadows of the later twenties prosperity was actually