Ch 23 The 1920 s
EQ s What were the promises and limits of prosperity in the 1920s? How and why did the Republican Party dominate 1920s politics? How did the new mass media reshape American culture? Which Americans were less likely to share in postwar prosperity and why? What political and cultural movements opposed modern cultural trends.
1920 s Weight Loss
Economics
Business Doctrine Death of TR (1919) Return of old guard conservative Republicanism War Disillusionment
Business Prosperity 1920 s Supply side factors Increased productivity -Taylorism -Mass production -Business innovation Technology -Oil and electricity -Improved infrastructure -Automobile production Government Policy -High tariffs -Anti labor - welfare capitalism and open shop -Government spending -Supply-side economics Easy business credit Demand side factors Stock market wealth effect -Buying on margin Easy consumer credit
Consumer borrowing
Business Prosperity 1920 s Supply side factors Increased productivity -Taylorism -Mass production -Business innovation Technology -Oil and electricity -Improved infrastructure -Automobile production Government Policy -High tariffs -Anti labor - welfare capitalism and open shop -Government spending -Supply-side economics/low taxes Easy business credit Demand side factors Stock market wealth effect -Buying on margin Easy consumer credit What happens when you have this sort of imbalance?
Farm Problems What led to artificially high farm prices between 1916-18? How did they finance increased production? Impact of technology?
Other sick industries why?
The Politics of the Boom Warren G. Harding 1921-1923 (died in office) Calvin Coolidge 1923-1929 All the presidents of the 1920s were Republican Republicans also controlled the Congress Herbert Hoover 1929-1933
Warren G. Harding Newspaper magnate Fordney-McCumber Tariff (1922) Bureau of Budget Reduced income tax Pardoned Debs Ohio Gang Teapot Dome Harding is considered one of the worst Presidents in U.S. History
Teapot Dome
Calvin Coolidge Harding s VP Gov of MA Boston Police Strike Restored confidence The business of America is business. The man who builds a factory builds a temple. The man who works there worships there. When more and more people are thrown out of work, unemployment results
Coolidge Prosperity
1920 s Social/Cultural The Jazz Age
1920 s Politics of Prosperity 1. 1920 s Republican position on the following and provide example: Tariffs Taxes Fiscal policy Govt regulation of business Labor
What is the symbolism of this picture?
Age of Automobile
Consumerism
Air Travel
Pop Heroes
Jack Dempsey
Movies
At home At work Morality Divorce Activism League and NWP Women
Bullets 1. What are the impacts of consumerism on American culture? Bullet Bullet 2. Evaluate the importance of the automobile on the U.S. economy. Bullet Bullet 3. What was the most significant political change in 1920 s? Bullet Bullet
Religion Revival on the Radio
Religion Modernism vs Fundamentalism Scopes Trial
The Lost Generation
Art and Architecture
The Harlem Renaissance Harlem Renaissance African-American literary, artistic movement express pride in African- American experience Jazz becomes popular
Marcus Garvey
Prohibition Why? Enforcement
Organized Crime
Nativism Reasons Catholics and Jews Prejudice Jobs Extremists
Quota Acts of 1921 (3%/1910) and 24 (2%/1890)
The Ballad of Sacco and Vanzetti
Sacco and Vanzetti
Significance?
$4.05 per week or 7 and 4/11 cents an hour, for 55 hours KKK Resurgence
Foreign Policy Isolationist? Five Power Treaty Four Power Treaty Nine Power Treaty Kellogg-Briand Pact What did it do? Successful?
Problem: The US insists that all allied war debts are repaid. Germany isn t able to pay the allies the reparations they owe; thus, how can the allies pay the US?
Dawes Plan