The Rise & Fall of the Klu Klux Klan
How Stock Markets Kill Racism [1900-1930 History]
The first two decades of the 20th century saw 6 prominent recessions in the U.S, with approximately 8 years of that period seeing negative growth in the economy. The late 19th century was not much better.
After such a long series of economic pain it is not surprising that an ‘Us & Me‘ mentality appeared in full force as the U.S.A declared war on Germany. But the war was just one sign of the ‘Us & Me’ mentality.
The Rise of the Klu Klux Klan
However, the Roaring Twenties soon came in force with a huge boom in the stocks and a largely prosperous economy.
The Fall of the Klu Klux Klan
It was after that recession when the Roaring Twenties really kicked into gear and the Dow Jones tripled in value. With stocks and the economy booming the ‘Us & Me’ mentality was replaced by a friendlier ‘You & We’ vibe.
Such a vibe throughout society would not tolerate the extreme racism of the Klu Kulx Klan.
The Klu Klux Klan’s members declined rapidly during the boom in stocks. Eventually it dwindled down to somewhere between 30,000 to 100,000 members by 1930, just after the stock market peaked at a record high for the time.
During the same period the Harlem Renaissance flourished. This was a literary, artistic, and intellectual movement of black culture.
If you follow African American history you will see most progress was made during or shortly after boom periods, and the setbacks came during or shortly after declining stocks and economic uncertainty.
- The Time of “Us & Me”, Not “You & We”?
- The Roaring Twenties, 1929 Stock Market Crash & Great Depression
- The Rise & Fall of the Klu Klux Klan
- The 60s Peace Movement & the Slump
- “You’re Either With Us or Against Us”
- EU Break Up & Racist Political Parties
- Predict Social & Cultrual Trends Using Stocks & the Economy