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Roaring 20s and the Crash Standard VI: 2 Chapter 21 & 22 Pages 596-638.

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Presentation on theme: "Roaring 20s and the Crash Standard VI: 2 Chapter 21 & 22 Pages 596-638."— Presentation transcript:

1 Roaring 20s and the Crash Standard VI: 2 Chapter 21 & 22 Pages 596-638

2 A. America After the War Many Americans were exhausted from the war Economy was in a difficult state of adjustment Nativism-people became fearful of foreign-born people Isolationism-pulling away from world affairs

3 Great Migration 1910-1920 Thousands of African- American moved from the South to the North They moved in search of jobs in the big cities Intense discrimination in the South played a part in their departure as well Yet, many people in the North did not welcome the the newcomers resulting in race riots

4 B. Fear of Communism Communism-an economic and political system based on a single-party government ruled by a dictatorship The Red Scare- Revolution in Russia- waving of red flags; had hopes of abolishing capitalism

5 I. Sacco and Vanzetti Anarchists-people who oppose any form of government Both of these men were anarchists who were arrested and charged with the robbery and murder of a factory paymaster Thought to have been charged due to their radical beliefs They were sentenced to death (electric chair)

6 Insert video: Sacco and Van

7 C. Limiting Immigration “Keep America for Americans” Anti-immigrant sentiment Fewer unskilled jobs meant fewer immigrants should be let into the country KKK rises again-devoted to “100 percent Americanism” Quota system-set the maximum number of people who could enter the U.S. from each country

8 D. The Harding Presidency Served 1921-1923 Warren G. Harding’s administration appealed to America’s desire for calm and peace after the war Harding called for “normalcy” or a return to the simpler days People said he “looked like a president ought to look”

9 I. Harding Struggles for Peace Problems surfaced relating to arms control, war debts, and the reconstruction of war- torn countries High tariffs and reparations-conflict arose when it came time for Britain and France to pay its debts to the U.S.

10 E. Scandal Hits Harding’s Administration Cabinet contained the so-called Ohio gang, the President’s poker-playing cronies Harding was believed to have not understood many of the issues His corrupt friends used their offices to become wealthy through graft Teapot Dome Scandal-Teapot Dome, Wyoming-Albert B. Fall became rich after leasing land to two oil companies illegally

11 F. Coolidge Era Harding died of a stroke shortly after the Teapot Dome Scandal Calvin Coolidge-Harding’s Vice-President who assumed the Presidency Served 1923-1929 Helped to restore the people’s faith in their government

12 I. Industries Flourish Coolidge favored government policies that would keep taxes down and business profits up Allow private enterprise to flourish Respected for his solemnity and wisdom

13 G. Lost Generation of Writers Set of writers who believed they were lost in a greedy, materialistic world that lacked moral values Flocked to Greenwich Village in New York Most prominent writers were Ernest Hemingway and F. Scott Fitzgerald

14 H. Prohibition The Volstead Act was ignored by most cities on the East coast Bootleggers-suppliers of illegal alcohol Speakeasies-illegal bars that flourished in the cities Rise of organized crime-Al Capone (“Scarface”)- famous gangster from Chicago

15 I. Scopes Trial Trial fought on the teaching of the Theory of Evolution vs. Fundamentalism Tennessee banned the teaching of evolution John T. Scopes-asked a friend to file suit against him for teaching evolution Scopes was fined $100 and the law in Tennessee remained in effect

16 Insert video scopes trial

17 J. Herbert Hoover’s Presidency Served 1929-1933 Known for the Great Depression Viewed as a failure even though he initiated many reforms “Hoovervilles”-shacks where unemployed and homeless lived

18 K. Economy of the Late 20s Economy appeared to be healthy People had unusually high confidence in the business world Welfare capitalism-raised wages and provided benefits “Everybody ought to be rich”

19 L. Economic Danger Signs Only a small amount of people held the nation’s wealth Buying on credit caused an increase in personal debt Speculation-the practice of making high-risk investments in hopes of receiving a high gain “Playing the stock market”

20 M. Collapse of Farm Economy Farmers were able to buy tractors during the 1920s; hence, they bought more land Yet, falling farm prices made farmers unable to repay their debts for land and machinery Banks began to go out of business when loans were not repaid

21 N. Stock Market Crash September 1929-stock prices peaked, then fell Confidence in the market began to decrease Investors sold their stocks and pulled out; market took a plunge October 29, 1929-Black Tuesday-stock market crashed signaling the beginning of the Great Depression

22 Add video Crash

23 Compare Presidents Chart Presidents Positive Negative Harding Coolidge Hoover

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