From Prosperity to Depression: America in the 1920’s
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Transcript of From Prosperity to Depression: America in the 1920’s
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From Prosperity to Depression: America in the 1920’s
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The American Economy
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Modernity and Pleasure
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New Pleasures: Music, Movies, Sports, Radio
Year Total $ (Millions)
Motion Picture
Theater & (Millions)
Spectator Sports $ (Millions
1909 377 --- ---1914 434 --- ---1919 806 --- ---1921 911 301 301923 1082 336 461927 1405 526 481929 1670 720 66
*Historical Statistics of the United States, Millennial Online Edition (Cambridge: Cambridge University Press, 2008), Table Dh309-318.
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The Flapper
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Business and Government:
The Republican
Era Never before, here or anywhere, else…has government been so
completely fused with business.
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Declining Voter Turnout of the 1920s
1896190019041908191219161920192419280
102030405060708090
100
OverallNon-SouthSouth
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Election of 1920
Warren G. Harding, 1920-1924
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Corruption in Government
Teapot Dome Scandal
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Election of 1924
Calvin Coolidge, 1924-1928
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Economic Diplomacy
Washington Naval Conference, 1922
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Limits of Modern CultureThe Culture Wars
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Fundamentalism vs. Liberalism
Scopes Trial (1925): High point in culture battles
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Billy Sunday
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Immigration Restriction
Immigration Act of 1924The United States enacted a quota system in the 1920s that allotted most slots for immigrants from northern Europe.
http://ahiv.alexanderstreet.com/View/777563/clip/5342
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Souvenir Postcard, Thomas Shipp and Abram Smith Lynching, Marion, IndianaAfter witnessing the lynching of two black men, smiling men and women had their pictures taken as a memento. The two girls to the left clutch pieces of thevictims’ hair.
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The Harlem Renaissance
Langston Hughes Countee CullenClaude McKay
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The Great Depression
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The Election of 1928
Herbert Hoover, 1928-1932
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The Crash of 1929
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Panic and Consequences
Our banking system was the weakest link in our whole economic system…the element most sensitive to fear… the worst part of the dismal tragedy with which I had to deal.
Bank Closings
People loose
money
No money=No purchasing
powerNo purchasing power=loss in
profits
Profit loss=wage cuts, layoffs, and business
failures
Bank runs
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The Pot Boils Over: The Fate of the Bonus Army
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Reject veteran claims, but
treat them as harmless citizens in desperate
financial straits
Accept advisor views that this was a communist-inspired plot and use force
Accept Veteran argument that government
pay to alleviate their
suffering
Choices and Consequences
Hoover accepted the notion of a communist plot and used force to break up the strike
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The Global Flow of Reparation PaymentsAmerican capital kept the reparation system created by the Versailles Treaty afloat in the twenties.
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Pictures of Misery
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