The Roaring Twenties

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The Roaring Twenties

• Unit 13

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Trends of the 1920sA return to normalcy

• Society
• Focus on celebrating life, arts, and living for
  today
• Politics
• Isolate ourselves from the world
• Economy
• Less government oversight
• Buy now, pay later

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1920s society and Prohibition

• A rejection of the reform movements of
  Progressivism
• 1920 Prohibition established
• A majority of the population disobeys Prohibition
• Government lacks funding and man power to enforce
  Prohibition

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Effects of Prohibition

• Smuggling and bootlegging
• Speakeasies
• Increased disrespect for the law
• Increased organized crime
• 21st amendment would repeal prohibition in 1933

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1920s society and Religion

• 1925 Scopes trial
• Impact?

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1920s society and entertainment

• Professional football begins in Ohio
• Babe Ruth dominates baseball
• Charles Lindbergh becomes 1st man to cross the
  Atlantic by plane
• Charlie Chaplin helps the rise of the movie
  industry
• Walt Disney introduces Mickey Mouse
• The African-American culture is celebrated in the
  Harlem Renaissance

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Impact of societal attitude
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1920s politics and economy

• Unit 13

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Politics

• 1921
• Warren G. Harding becomes President due to
• A rejection of a push for Reform
• Hardings promise to return to normalcy and the
  constant change
• Calls for Isolationism

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Isolationism

• To support Isolationism, the U.S
• Would encourage the end of militarism
• Kellogg Briand Pact
• Loaned money to Germany for reparations
• Denied loans to countries that still owed the
  U.S.
• Established tariffs on imports
• Impact?

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Isolationism Immigration

• Why did Americans want to limit immigration?

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Isolationism Immigration

• Result
• Emergency Quota Act of 1921
• Drastically limits immigration from Europe
• Ex Italys quota went from 42,000 to 4,000

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Hardings positives negatives

• Positives
• Skilled politicians like Charles Evan Hughes,
  Herbert Hoover, Andrew Mellon improved
• the economy and foreign policy
• Negatives
• Unskilled poker buddies from Ohio led to
• Fraud bribery the Teapot Dome Scandal
• Harding died in 1923
• Evaluate his presidency.a good one or a bad one?

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Economic philosophy

• Pres. Calvin Coolidge encourages big business
• Goal
• Lower taxes decrease govt oversight
• Stronger private industries
• Result?
• 1920-1929 Americans owned 40 of worlds wealth

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1920s Economic changes

• Widening economic gapuneven distribution
• Richest 1 get a 75 increase in income
• Increase use of Installment plans and credit
• Birth of chain stores
• Increase in car ownershipleads to increase in
  public roads
• 1926 Construction on Route 66 begins
  (Chicago-Santa Monica)
• Major industries begin to lose moneywhy?
• Ex Textiles, Railroads, and housing

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Farming industry crumbles

• WWI Demand for agricultural product skyrockets
• 1920 Demand dropsfarmers go bankrupt
• Solution?
• Price supportsvetoed by Coolidge
• Impact?...

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1928 election

• Herbert Hoover (Rep)

• Al Smith (Dem)

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1928 election

• Herbert Hoover (Rep)
• Quiet and reserved
• Takes credit for economic success in 1920s
• Offers no plans for change

• Al Smith (Dem)
• Career politician
• Offers change in economic and social policy
• Catholic

Result
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Stock Market Crash!!!!

• Black Thursday October 24, 1929
• 12 million shares sold
• Drastic drop in prices
• Black Tuesday October 29, 1929
• Massive attempt to sell drops prices of stocks
• 16 million stocks dumped in one day
• Stocks become worthless
• Dow Jones Industrial average lost 25 of value

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Stock Market Crash!!!!
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Stock Market Crash!!!!
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Identify the causes of The Crash