Demoralization caused by vast unemployment is our greatest extravagance.
Morally, it is the greatest menace to our social order. By 1920, the First World War was now a memory. A new generation of Americans was being born at this time, with promise for a bright future. America settled back into its pre-war isolationism, believing the heads of Europe had learned little from the most horrific war on Earth. The country turned to its own good fortune, and demonstrated it to excess.