Question

Total 500 words with references, for both Saudi Arabia and USA

Leisure and Quality of Life in 1920-30

“The Time Machine - Decade”  From 1920-30 = Saudi Arabia or middle east and USA

What were three major events/issues that occurred during that decade and describe how they would have impacted someone's life and leisure/recreation behavior in the United States?

Relate it with the economy, for example, going to the movies in the 1930s had a huge impact on the country’s economy. It was also a major form of recreation that provided many psychological benefits during the Great Depression.   

Answer 1

In 1919, the U.S. Geological Survey estimates U.S. oil supplies will run out in ten years, triggering the country's first oil security fears. Though the United States produces roughly one million barrels of oil per day, or 65 percent of global oil supplies, more than 90 percent is consumed domestically. By 1920, crude prices increase to $3 a barrel, more than double the price in 1914. Congress passes the Mineral Leasing Act of 1920, which requires leasing of federal lands for energy prospecting for the first time. In response to British and French attempts to shut U.S. oil companies out of their Middle East protectorates, the law includes a provision denying access to U.S. mineral rights by any foreign entities whose governments deny similar access to U.S. companies. U.S. oil companies also begin pursuing concessions in Latin America.

Following British and French attempts to shut U.S. oil companies out of regions they control in the Middle East, the U.S. government begins active oil diplomacy, insisting on an "open door" policy that would allow all companies to compete for foreign concessions regardless of national origins. But the doctrine fails to take hold. Instead, a consortium of seven oil companies is given financial interest in the Iraq Petroleum Company, and the companies agree to not independently develop oil in an area that spans from Turkey to Iraq and Saudi Arabia, but excludes Kuwait, Iran, and Egypt. This 1928 Red Line Agreement with its "self-denial clause" allows seven companies, five of which are American, to control the bulk of Mideast oil production by the early 1930s.

Technological breakthroughs and increasing oil production in Latin America, the United States, and the Middle East lead to overproduction. Disproving shortage projections by the U.S. Geological Survey, in less than a decade U.S. oil production more than doubles from what it was in 1920. Britain's attempt to stabilize European oil prices through the 1928 Achnacarry Agreement, which limits sales by oil producers, is met with mixed success. In 1931, oil prices plummet to just a few cents a barrel. In 1933, the U.S. government imposes a production quota system for states and a duty tax on imported oil to keep cheap oil from flooding the market. Though the Supreme Court overturns the federal quota system in 1935, U.S. oil-producing states voluntarily continue it and prices begin to recover.

Hence, in the early 1920s, the prices faced by the economy were very high. Hence, government citizens has low leisure and recreation consumption, as it was not affordable. By the 1928 the price levels had declined and leisure consumption increased.