Politics and Economics in the 1920s

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Politics and Economics in the 1920s

• By Melanie Raab

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Topics you should know in detail

• Credit
• Advertising
• Isolationism/ National Origins Quotas Act
• Washington Naval Conference
• Dawes Plan

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Credit

• For the first time, Americans use disposable
  income to buy products they wanted, rather than
  needed.
• Americans bought products such as clothing,
  appliances, make-up, and services.
• The first type of credit was lay-a-way.

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Advertising

• Advertising convinced Americans they needed to
  buy products to be the most attractive, stylish,
  or modern person in their social circle.

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Washington Naval Conference

• The goal of this conference was to reduce or
  eliminate the arms race after WWI.
• The US, Britain, Japan, Italy, and France agreed
  to large-scale disarmament. They signed the Five
  Power Treaty.
• This was successful -many nations were disarmed.

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Dawes Plan

• Coolidge wanted the private sector to become
  involved in US Foreign Policy.
• He convinced France to reduce German war debt and
  convinced American bankers to give loans to
  Germany.
• Debate in class Is this an isolationist policy?

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Dawes Plan
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Isolationism at Home

• QUOTAS restricted the number of immigrants from
  each nation who could come into America.
• In 1924, the National Origins Act passed. It
  based quotas on the 1890 census.
• President Harding rationalized this action by
  saying it would promote social stability after
  a tumultuous few years during and after WWI.

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Other Information

• www.history.com
• www.memory.loc.gov
• www.digitalhistory.com