The main periods are captured in the bipartite division, Modernist literature and Postmodern literature, flowering from roughly 1900 to 1940 and 1960 to 19901 respectively, divided, as a rule of thumb, by World War II.
The somewhat malleable term of contemporary literature is usually applied with a post-1960 cutoff point.
Technological advances during the 20th century allowed cheaper production of books, resulting in a significant rise in production of popular literature and trivial literature, comparable to the development in music. The division of "popular literature" and "high literature" in the 20th century is by no means absolute, and various genres such as detectives or science fiction fluctuate between the two. For the most part of the century mostly ignored by mainstream literary criticism, these genres develop their own establishments and critical awards, such as the Nebula Award (since 1965), the British Fantasy Award (since 1971) or the Mythopoeic Awards (since 1971).
The Fin de siècle movement of the Belle Époque persisted into the 1900s, but was brutally cut short with the outbreak of World War I (an effect depicted e.g. in Thomas Mann's The Magic Mountain, published 1924). The Dada movement of 1916-1920 was at least in part a protest against the bourgeoisnationalist and colonialist interests which many Dadaists believed were the root cause of the war; the movement heralded the Surrealism movement of the 1920s.
The 1920s were a period of literary creativity, and works of several notable author appeared during the period. D. H. Lawrence's novel Lady Chatterley's Lover was a scandal at the time because of its explicit descriptions of sex.