Dec 28, 2009
The Postwar Boom
The much ballyhooed prosperity of the 1920s, the so-called Jazz Age, was largely confined to the upper-middle class. Although quick fortunes were made in the stock market and in real-estate speculation, most Americans did not see their economic situation improve in the postwar years. In Giants in the Earth, Rolvaag describes the formation of farm settlements on the southeastern Dakota prairies in the late 1870s, and over the next half a century, many of these farms would do well. The First World War permanently reversed the fortunes of farmers, and...
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