The Symbolism Hidden Within “The Wizard of Oz”

Many people believe that The Wizard of Oz was (and is) an allegory for the radically new state of affairs that existed in America in the 1930s, following the stock market crash and the bankruptcy of the United States Government which occurred immediately thereafter. For all extents and purposes, it can still be viewed as the current state of affairs, inasmuch as the allegorical nature, the clues strewn throughout the story, are still relevant today.