10 Reasons Why the Roaring Twenties Sucked
10 Reasons Why the Roaring Twenties Sucked

10 Reasons Why the Roaring Twenties Sucked

Patrick Lynch - January 28, 2018

10 Reasons Why the Roaring Twenties Sucked
Leopold and Loeb – Chicago Tribune

7 – Leopold & Loeb Killing for Kicks

Being high intelligent and benefiting from wealthy backgrounds didn’t prevent Nathan Leopold and Richard Loeb from committing one of the most heinous murders of the 1920s. On the face of it, both men should have been destined for a comfortable life, possibly even a great one. Loeb’s father was vice president of Sears, Roebuck, and Company, while Leopold’s father was a shipping magnate. They were geniuses who went to the University of Chicago at an astonishingly young age. In college, they had a sexual relationship.

Rather than using his gifts for good, Loeb dreamed of becoming a master criminal and enjoyed committing arson, robberies and other crimes. Leopold was very much the submissive partner in all of the above and Loeb used to entice him to go on these expeditions with the promise of sexual favors. Eventually, Loeb wanted to commit the ultimate crime: The kidnap and murder of a child.

As such, 14-year old Bobby Franks was merely a victim of circumstance. He was Loeb’s cousin, so he had no qualms about jumping into Loeb’s car on May 21, 1924. The criminal duo used a chisel covered with tape as a club to beat Franks to death. They put a rag down his throat and covered Franks’ mouth in tape. They dumped his body and mailed a ransom note to Frank’s parents demanding $10,000 for the return of their son.

Far from being the ‘perfect crime’ that Leopold and Loeb dreamt of, Leopold made an idiotic mistake that led to their swift capture. He dropped a pair of glasses near the body. These glasses had an unusual hinge which meant they were traced to a Chicago optometrist who confirmed they were Leopold’s. Both men quickly fell apart under questioning and were convicted of murder in a trial that captivated the nation. Famed attorney Clarence Darrow saved them from execution, but they both received 99 plus years in prison. Loeb was murdered in prison in 1936 while Leopold was released in 1958.

10 Reasons Why the Roaring Twenties Sucked
Darrow (left) and Jennings Bryan (right) at the Scopes Trial – New York Times

8 – The Scopes Monkey Trial – A Backward Step

24-year old John Scopes was a teacher in a public high school in Dayton, Tennessee, and he couldn’t have imagined the furor he would cause when he decided to teach evolution. In 1925, the state of Tennessee had passed a law that banned the teaching of evolution because it conflicted with the teachings of the Bible relating to creation. There was no reason to think that the law would ever need to be applied until the American Civil Liberties Union (ACLU) got involved.

The organization was worried that other states would try to copy Tennessee’s law so it offered financial and legal assistance to any teacher that would test the law. John Scopes had only recently started his job at Rhea County Central High School and was a staunch proponent of the theory of evolution. Initially, however, he was reluctant to be the ACLU’s guinea pig until his neighbors persuaded him to follow through to cause some excitement in the town of Dayton.

Scopes was arrested for violating the anti-evolution law on May 7, 1925, and within a few days, the famous former presidential candidate, William Jennings Bryan, agreed to prosecute Scopes at the behest of the World’s Christian Fundamentals Association. The ACLU made good on its promise to defend Scopes as it drafted in the legendary Clarence Darrow to act as Scopes’ defense counsel. The gravity of the case, coupled with the presence of two well-known attorneys, meant that the Scopes Monkey Trial, as it became known, generated national and international attention.

Darrow and Bryan each stated their case with trademark eloquence. Bryan dismissed evolutionary theory as “millions of guesses strung together.” Darrow responded by saying the Genesis story was filled with “fool ideas that no intelligent Christian on earth believes.” In the end, Scopes was found guilty and fined $100. Although it was a landmark case, it has not changed opinions in America. The anti-evolution law remained in Tennessee legislature for over 40 years. A Gallup poll in May 2017 showed that 38% of Americans believed that God created mankind in its present form less than 10,000 years ago. Admittedly, it is the first Gallup poll since 1982 where creationism was not the majority response.

10 Reasons Why the Roaring Twenties Sucked
KKK march on Washington DC in 1925 – NPR

9 – The KKK’s Popularity Surged

The original KKK was formed as a social club in Pulaski in 1866. Former Confederate general, Nathan Bedford Forrest, was named as the first ‘grand wizard.’ It wasn’t well organized, and in 1870, it was classified as a terrorist organization. Although racism was prevalent in the Southern states during and after the Reconstruction era, the Klan faded from view.

The KKK was revived by William Joseph Simmons in 1915. Unlike the original version, which remained shrouded in secrecy, the second Klan was out in the open, and it used to advertise in the newspapers. It sponsored sports teams and college fraternities, and even hosted beauty pageants. Aided by a smooth marketing machine, along with hostility against Jews, African-Americans, and a skepticism of science, the new KKK tried to come across as a bastion of morality bent on healing society’s ills.

Of course, they were little more than thugs for hire who enjoyed committing violent acts without risk of censure. The Klan reached its peak in the 1920s when it had an estimated four million members. The prevailing idea is that the KKK was filled with backward rural types. In reality, about half of the Klan’s membership lived in cities. Chicago alone had 50,000 members. As well as continuing the reign of terror against African-Americans, the Klan added Jews, Catholics, and non-Nordic immigrants to its list of targets.

The organization was flowing as new members had to pay fees. At one point, the Klan was earning $25 million a year, equivalent to over $340 million. Eventually, the general public and the government saw the danger and President Warren Harding, and Calvin Coolidge spoke out against the Klan while. The group’s membership dwindled markedly towards the end of the 1920s and returned to the shadows from whence it came. Today, the Klan is active in up to 22 states amidst fears that white supremacist movements may return to the fore.

Related: Worst Crimes Committed by the Ku Klux Klan.

10 Reasons Why the Roaring Twenties Sucked
Panic during Wall Street Crash – NY Daily News

10 – Economic Disaster

On October 24, 1929, the Dow Jones Industrial Average began to plummet in an event known as Black Thursday. The stock market continued to collapse, and by October 29, the Dow Jones lost 30% of its value, $30 billion or almost $400 billion in today’s money. It was a sum of money greater than what was lost during World War I and utterly eroded confidence in the stock market. On Black Tuesday, investors panicked en masse and sold over 16 million shares. The ensuing economic crisis became known as the Great Depression.

For every boom, there is a bust, or so it seems, and the stock market fared spectacularly well during the Roaring Twenties. From 1922 until 1929, the market had increased by almost 20% a year on average, and this growth encouraged investors to risk their life savings in what amounted to one of the biggest failed gambles in history. The practice of buying on margin became very popular as it enabled investors to borrow money from their broker to purchase stocks and they only had to pay a 10-20% down payment.

Companies began investing in stocks and banks were using customer money without permission. There were warnings signs in the weeks before the crash that were ignored by all but the savviest investors. The Dow Jones had reached a record high on September 3, 1929, but had fallen by 20% by October 22. It was on this day that the New York Times published articles about short selling, foreign investors leaving the market and margin sellers. The Times and the Washington Post fanned the flames on Wednesday and panic began to set in on Black Thursday.

The Wall Street Crash destroyed countless lives as many people lost their life savings. The Dow Jones continued to plummet. Its record high was 381.2, but by July 8, 1930, just 10 months later, it closed at 41.22, a fall of 90%. The Dow Jones did not exceed its 1929 record high for 25 years, and during the Great Depression, unemployment fell 25%, wages fell over 40%, and global trade fell 65%. The Roaring Twenties was replaced by the Terrible Thirties.

 

Where’d we get this stuff from? Here are our sources:

History.com – The Roaring Twenties

History.com – Women’s Christian Temperance Union

Ohio State University – Temperance and Prohibition

Drug Library – Did Alcohol Use Decrease During Alcohol Prohibition?

History Collection – Epic Parties you Wish You Went To: The Roaring 20s in Photos

History Collection – Doctors Wrote Prescriptions For Liquor During Prohibition

History.com – 10 Things You Should Know About Prohibition

Legends of America – Giovanni “Johnny” Torrio – Presiding Over the Chicago Outfit

Chicago Tribune – 10 Things You Might Now Know About The Outfit

National Crimes Syndicate – The Castellammarese War

Buffalo News – On This Date In 1901: Mckinley Assassin Leon Czolgosz Was Executed At Auburn Prison

Massachusetts Court System – The Red Scare of 1919-1920

Mass – Sacco & Vanzetti: Investigation And Arrest

Massachusetts Court System – Sacco and Vanzetti: Justice on Trial

The Atlantic – The Case of Sacco and Vanzetti

Famous Trials – Leopold and Loeb by Professor Douglas O. Linder

Chicago Sun Times – Robert Franks Found Murdered, Launching Leopold And Loeb Trial

Gallup News – Belief in Creationist View of Humans at New Low

History Net – Scopes Trial

PBS.org – Scopes Trial

The Atlantic – When Bigotry Paraded Through the Streets

The Washington Post – Conspiracy Theories, fake news, racism fueling KKK’s rise – in the 1920s

The Pendergast Years – The Second Ku Klux Klan In Kansas City: Rise And Fall Of A White Nationalist Movement

The Balance – Stock Market Crash of 1929 Facts, Causes, and Impact

Marketplace – Why Didn’t Any Wall Street CEOs Go To Jail After The Financial Crisis?

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