Learning Goals The students will understand the “Roaring Twenties” and how the events during this period affected Oklahoma.

THE ROARING TWENTIES

1920's collectively known as the "Roaring 20's", or the "Jazz Age" in sum, a period of great change in American Society - modern America is born at this time for first time the census reflected an urban society - people had moved into cities to enjoy a higher standard of living

President Coolidge Coolidge believed in the economic policy known as Laissez Faire - government gave very little interference to big business. As a result the gap between the rich and poor widened. As a result, although it looked like America was “booming” it was headed towards the Stock Market Crash and the Great Depression.

KEY VOCABULARY OF The Roaring Twenties Economic Boom: A time of quick economic growth. Economic Bust: A time of quick economic decline. The U.S. Stock market boomed in the 1920’s. Life was good for American’s during The Roaring 20’s and it was a time of economic boom.

Installment buying/credit Installment buying: the buyer makes payments, or installments, every month until the full price of the product has been paid. People were buying consumer goods like washing machines, vacuum cleaners, & automobiles and buying them on credit instead of with cash.

NEEDS vs. WANTS People were buying things they wanted more now instead of buying just what they needed. NEEDS Food Clothes Shelter WANTS Automobile Toys Computers CD Players Game Boy

The Automobile Industry

Henry Ford changed the automobile industry by developing the assembly line. At first cars were banned from city streets because they scared horses.

Henry Ford made the Automobile affordable for the Middle Class American by using his mass production techniques such as the Assembly line 1907 average price of a car was $2, Ford automobiles $ Ford $ Model T $350 $ Automobile Prices $

Impact of the car on: Industry 1.Oil 2.Rubber 3.Steel 4. *These industries increased in order to meet the demand for the products. *To most, the car provided freedom, adventure, opportunity and status.

Society 1. Cities got bigger/suburbs. People could now easily live in the suburbs and work in the city. 2. Greater distance between homes. 3. Business and education transformation. 4. People no longer want to ride the train due to the automobile and new roads being constructed. 5. Tourism became a major industry. The Impact of the car on:

Economy in the 1920’s People felt like the prosperity would last forever Although many American were very prosperous, the gap between the rich and poor began widening. Governments economic policy known as Laissez Faire increased the gap between the rich and the poor. These factors, combined with the fact that people were buying on credit, and the farming business doing poorly contributed to the Stock Market crash of 1929.

Agricultural depression in early 1920's contributed to this urban migration U.S. farmers lost agricultural markets in postwar Europe at same time agricultural efficiency increased so more food produced (more food = lower prices) and fewer labourers needed so farming was no longer as prosperous, and bankers called in their loans (farms repossessed) so American farmers enter the Depression in advance of the rest of society

Black Tuesday October 29, 1929 the Stock market crashed. This day is otherwise known as BLACK TUESDAY! Banks went out of business and the money people had placed in the banks for savings was lost overnight. Black Tuesday began The Great Depression.

The Stock Market Crash

President Herbert Clark Hoover President Hoover was blamed for the hard times people faced during The Great Depression because he believed in giving aide to big businesses instead of people in hopes that they would hire more people. This was known as the “Trickle Down Economics” The areas that Large towns of shacks began appearing all over the United states. These towns were named Hoovervilles after the President.

Hoovervilles were homes/areas where poor people lived during The Great Depression

Children living in Hooverville

Chapter 18 Section 1 Quiz 1.) Name a type of music that was created during the “Roaring Twenties”. A.) Jazz B.) Country C.) Classical 2.) What type of economic policy did Calvin Coolidge believe in and what did it mean. A.) Trickle Down B.) Socialist C.) Laissez Faire 3.) Describe the factors that led to the Stock Market Crash. A.) Machines had farmer making more than they could sell B.) People were going into debt because they were buying on credit. C.) Government gave very little interference to big business so the gap between the rich and poor was widening D.) All of the Above E.) None of the Above 4.) When was the Stock Market crash? A.) November 11, 1918 B.) April 22, 1918 C.) October 29, ) How did Henry Ford make automobiles more affordable to Americans? A.) Mass production by the Assembly line B.) Making less vehicles than the demand called for C.) By shipping the manufacturing jobs overseas 6.) Why were the majority of people moving to the cities? A.) It was more convenient B.) There were more jobs C.) There were more things to do D.) All of the Above E.) None of the Above 7.) What parts of the cities started growing as a result of automobiles becoming more affordable? A.) Inner city B.) The Ghettos C.) The Suburbs 8.) Name and describe President Herbert Hoovers economic policy. A.) Trickle Down B.) Socialist C.) Laissez Faire 9.) Describe a Hooverville. 10.) What happened to peoples money if they had it in a bank that was closed during this period. A.) They lost their money B.) The government insured their money C.) The bank insured their money

Chapter 18 Section 1 Quiz 1.) Name a type of music that was created during the “Roaring Twenties”. 2.) What type of economic policy did Calvin Coolidge believe in and what did it mean. 3.) Describe the factors that led to the Stock Market Crash. 4.) When was the Stock Market crash? 5.) How did Henry Ford make automobiles more affordable to Americans? 6.) Why were the majority of people moving to the cities? 7.) What parts of the cities started growing as a result of automobiles becoming more affordable? 8.) Name and describe President Herbert Hoovers economic policy and how it was supposed to help people during the depression. 9.) Describe a Hooverville. 10.) What happened to peoples money if they had it in a bank that was closed.