More on this book
Community
Kindle Notes & Highlights
Read between
May 8 - May 16, 2021
Although the use of cosmetics is no longer, in 1919, considered prima facie evidence of a scarlet career, and sophisticated young girls have already begun to apply them with some bravado, most well-brought-up women still frown upon rouge.
short-haired women, like long-haired men, are associated with radicalism, if not with free love.
although golf is gaining every day in popularity, it has not yet become an inevitable part of the weekly ritual of the American business man.
Not yet disillusioned, the nation welcomes its heroes—and the heroes only wish the fuss were all over and they could get into civilian clothes and sleep late in the mornings and do what they please, and try to forget.
It plays, too, “Smiles” and “Dardanella” and “Hindustan” and “Japanese Sandman” and “I Love You Sunday,” and that other song which is to give the Post-war Decade one of its most persistent and wearisome slang phrases, “I’ll Say She Does.”
In the more dimly lighted palm-room there may be a juvenile petting party or two going on, but of this Mr. and Mrs. Smith are doubtless oblivious. F. Scott Fitzgerald has yet to confront a horrified republic with the Problem of the Younger Generation.
they may play auction bridge (not contract, of course). Mah Jong, which a few years hence will be almost obligatory, is still over the horizon.
Lincoln had not lived to see what happens to a policy of “sober, friendly counsel” in a post-war decade; he had been taken off in the moment of triumph. Woodrow Wilson was not to be so fortunate.
presently it began to appear that public opinion in Boston, as everywhere else, was overwhelmingly against the police
For years a pestilence of speakers and writers continued to afflict the country with tales of “sinister and subversive agitators.” Elderly ladies in gilt chairs in ornate drawing-rooms heard from executive secretaries that the agents of the government had unearthed new radical conspiracies too fiendish to be divulged before the proper time.
Readers with perceptibly higher brows, too, had their diversions from the affairs of the day. Though their heads still reeled from The Education of Henry Adams, they were wading manfully through paleontology as revealed in the Outline of History (and getting bogged, most of them, somewhere near the section on Genghis Khan). They were asking one another whether America was truly as ugly as Sinclair Lewis made it in Main Street and Tahiti truly as enchanting as Frederick O’Brien made it in White Shadows of the South Seas; they were learning about hot love in hot places from The Sheik, and
...more
They found themselves expected to settle down into the humdrum routine of American life as if nothing had happened, to accept the moral dicta of elders who seemed to them still to be living in a Pollyanna land of rosy ideals which the war had killed for them. They couldn’t do it, and they very disrespectfully said so.
As houses and apartments became smaller, the country club became the social center of the small city,
Whether prostitution increased or decreased during the decade is likewise uncertain; but certain it is that the prostitute was faced for the first time with an amateur competition of formidable proportions.
men and women who had had—as the old phrase went—“advantages” and considered themselves highly civilized, absorbed a few cocktails and straightway turned a dinner party into a boisterous rout, forgetting that a general roughhouse was not precisely the sign of a return to the Greek idea of the good life.
the ten years which followed the war may aptly be known as the Decade of Bad Manners.
With the old order of things had gone a set of values which had given richness and meaning to life, and substitute values were not easily found.
If romantic love was dethroned, what was to take its place? Sex? But as Joseph Wood Krutch explained, “If love has come to be less often a sin, it has also come to be less often a supreme privilege.”
At the beginning of the decade most cars had been somber in color, but with the invention of pyroxylin finishes they broke out (in 1925 and 1926) into a whole rainbow of colors, from Florentine cream to Versailles violet.
increase in installment buying.
By the latter part of the decade, economists figured that 15 per cent of all retail sales were on an installment basis,
One of the striking characteristics of the era of Coolidge Prosperity was the unparalleled rapidity and unanimity with which millions of men and women turned their attention, their talk, and their emotional interest upon a series of tremendous trifles
Religion was furiously discussed; there had never been so many books on religious topics in circulation, and the leading divines wrote constantly for the popular magazines; yet all this discussion was itself a sign that for millions of people religion had become a debatable subject instead of being accepted without question among the traditions of the community.
The bright young college graduate who in 1915 would have risked disinheritance to march in a Socialist parade yawned at Socialism in 1925, called it old stuff, and cared not at all whether the employees of the Steel Corporation were underpaid or overpaid. Fashions had changed: now the young insurgent enraged his father by arguing against monogamy and God.
Inconsistencies, however, bothered Mencken not at all, and at first bothered few of his followers. For it was not easy to be coolly analytical in the face of such a prose style as he commanded.
in a sense disillusionment (except about business and the physical luxuries and improvements which business would bring) was the keynote of the nineteen-twenties.
The intellectuals believed in a greater degree of sex freedom—and many of them found it disappointing when they got it, either in person or vicariously through books and plays. They were discovering that the transmutation of love into what Krutch called a “carefully catalogued psychosis” had robbed the liveliest passages of life of their poetry and their meaning.
Elmer Davis referred in one of his essays to the heroine of a post-war novel who “indulged in 259 amours, if I remember correctly, without getting the emotional wallop out of any of them, or out of all of them together, that the lady of Victorian literature would have derived from a single competently conducted seduction.”
the moment love becomes casual, it becomes commonplace as well.
Wrote Walter Lippmann, “What most distinguishes the generation who have approached maturity since the débâcle of idealism at the end of the war is not their rebellion against the religion and the moral code of their parents, but their disillusionment with their own rebellion.
as the developers of the tropical wonderlands of Florida had learned that there were more land-speculators able and willing to gamble in houses intended for the polo-playing class than there were members of this class,
The big bull operators knew, too, that thousands of speculators had been selling stocks short in the expectation of a collapse in the market, would continue to sell short, and could be forced to repurchase if prices were driven relentlessly up.
As people in the summer of 1929 looked back for precedents, they were comforted by the recollection that ever crash of the past few years had been followed by a recovery, and that every recovery had ultimately brought prices to a new high point. Two steps up, one step down, two steps up again—that was how the market went. If you sold, you had only to wait for the next crash (they came every few months) and buy in again. And there was really no reason to sell at all: you were bound to win in the end if your stock was sound. The really wise man, it appeared, was he who “bought and held on.”
it seems probable that the principal cause of the break in prices during that first hour on October 24th was not fear. Nor was it short selling. It was forced selling. It was the dumping on the market of hundreds of thousands of shares of stock held in the name of miserable traders whose margins were exhausted
Fear, however, did not long delay its coming. As the price structure crumbled there was a sudden stampede to get out from under.
The Big Bull Market had been more than the climax of a business cycle; it had been the climax of a cycle in American mass thinking and mass emotion.
In the bullish days of 1928 and 1929, when installment buying and stock profits were temporarily increasing the buying power of the American people, innumerable concerns had cheerfully overexpanded; the capitalization of the nation’s industry had become inflated, along with bank credit. When stock profits vanished and new installment buyers became harder to find and men and women were wondering how they could meet the next payment on the car or the radio or the furniture, manufacturers were forced to operate their enlarged and all-too-productive factories on a reduced and unprofitable basis