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Presentation transcript:

ECONOMIC CHALLENGES: WHY DO WE NEED A RETURN TO PROSPERITY?

WHAT ARE SOME BELIEFS ON HOW TO STABILIZE THE ECONOMY?

BEEP BEEP! BUSINESS BOOMS

3 Republican Presidents During the Span of the 1920’s (Harding, Coolidge, Hoover) 1920 Presidential Election Harding and Coolidge win! Normalcy? Trickle Down Theory No support for James M. Cox who supported Wilson’s Democratic reform movement TEAPOT DOME SCANDALS Albert Fall convicted of accepting $ from private oil companies; he exchanged these gifts companies had control of government oil reserves.

Coolidge is President in 1923 supporting raising tariffs on foreign good; trade increased-rare -Won 1924 election Accused of being laissez-faire 1928 election brought Herbert Hoover for efficiency Believed that men could rise up No federal relief for Americans made him highly unpopular Solution was to tax the wealthy coolidge-can-teach

o Fun leads to fear o Red Scare o Fear of Communism after they take control of Russia during what was called the Bolshevik Revolution o Workers strike in U.S. as a solution to poverty (anarchy) o Postal package bombs o Attorney General A. Mitchell Palmer o Police? Palmer Raids o Nicola Sacco and Bartolomeo Vanzetti-arrested for murder- Anarchists? o Emergency Quota Act of 1921 to restrict immigration o 3% of annual population o % Immigration Act

18 th amendment (Prohibition-1919): the illegal manufacturing, sale, and transportation of alcohol Volstead Act: legislative outline of restriction and penalties resulting from the 18 th amendment Woodrow Wilson vetoed the act, but Congress overrode his veto by a 2/3 majority

Traditional values challenged and a religious movement began The concept of fundamentalism Word for word interpretation of the bible Scientific theories directly objected theories of fundamentalism Scopes Trial: John T. Scopes was put on trial for teaching the scientific theory of evolution Convicted and fined $100 for breaking the law($1,200 today) William Jennings Bryan (prosecution): Conflict of science and faith Clarence Darrow (Defense): Battle over free speech intelligent-design-william-jennings-bryan-monkey-trial.shtml

The Harlem Renaissances was a period of African American artistic accomplishment with New York City as the center Writing was flourishing by criticizing American society They became known as the “Lost Generation” Many left for Paris to form their own community (expatriates) Famous novels of this time include: Ernest Hemingway The Sun Also Rises F. Scott Fitzgerald The Great Gatsby / ald+/forschooool/f-scott-fitzgerald.jpg Langston Hughes F. Scott Fitzgerald Ernest Hemingway

1921 World Series: NY Giants v. NY Yankees (who won?) (5 of 9) First to broadcasted over the radio 1927 Charles Lindbergh completed a non-stop flight across the Atlantic Who was the first woman fly across the Atlantic? LINDBERGH LAW (FEDERAL OFFENSE CHILD ABDUCTION) Jazz Age: developed in New Orleans as African American spirituals and European harmony Arguments between older and younger generations page=16