The Twenties Roar to Economic Collapse 1920-1929.

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The Twenties Roar to Economic Collapse 1920-1929
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Transcript of The Twenties Roar to Economic Collapse 1920-1929.

Page 1: The Twenties Roar to Economic Collapse 1920-1929.

The Twenties Roar to Economic Collapse

1920-1929

Page 2: The Twenties Roar to Economic Collapse 1920-1929.

The Roaring Twenties The 1920's in America was a period of opulence

and excess that led to the inevitable consequences of the 1930's and the Great Depression.

Our romantic image of the Jazz Age (Roaring Twenties) is hightened by the images of flappers, pin striped suits, Model T's, the Charleston,

Prohibition, and Speak Easies

Page 3: The Twenties Roar to Economic Collapse 1920-1929.

Election of 1920 Warren G. Harding – the man who looked

like a President was elected. Calvin Coolidge was his Vice-President

Ran against Democrat James Cox and Vice-President candidate Franklin Delano Roosevelt

Page 4: The Twenties Roar to Economic Collapse 1920-1929.

Harding Ohio Gang Tea Pot Dome

Scandal Laissez Faire

Supporter Isolationist Died in 1923

Page 5: The Twenties Roar to Economic Collapse 1920-1929.

Calvin Coolidge becomes President Coolidge takes the

oath of office given by his father in 1923

“The Business of America is business”

Silent Cal Chose not to run

again in 1928

Page 6: The Twenties Roar to Economic Collapse 1920-1929.

Herbert Hoover elected in 1928 Reputation for public

service as an engineer, administrator, and humanitarian.

Secretary of Commerce under Presidents Harding and Coolidge

President when the stock market crashed in 1929-blamed for the Depression

Page 7: The Twenties Roar to Economic Collapse 1920-1929.

Harlem Renassiance Harlem Renassiance

is a period of history that covers when African Americans were able to express themselves through music, art, literature, and social change.

Langston Hughes

Page 8: The Twenties Roar to Economic Collapse 1920-1929.

Harlem Renaissance Before the 1920's, most white Americans thought

African Americans incapable of culture or sophistication. The Harlem Renaissance destroyed such stereotypes.

The Harlem Renaissance also refers to the work of black novelists and poets who lived in, or described the Harlem district of New York during the 1920's and early 1930's.

http://harlem.eb.com/harlemhome.html

Page 9: The Twenties Roar to Economic Collapse 1920-1929.

Lanston Hughes The night is beautiful,

So are the faces of my people,

The stars are beautiful,

So are the eyes of my people,

Beautiful also is the sun,

Beautiful also are the souls of my people.

Page 10: The Twenties Roar to Economic Collapse 1920-1929.

Life in the 1900's was a great time period in the history of America. There were many new trends which are still used today like clothing or fashion, inventions and music. Many inventions like automobiles, dishwashers, and radio were made available through installment buying. In fashion, all men and women were suppose to dress in a certain manner. All girls were to wear skirts at all time but no shorter then knee length. The most popular music at the time was jazz of course and anything related to it. One of the famous

composers of the time was Duke Ellington.

Page 11: The Twenties Roar to Economic Collapse 1920-1929.

Jazz Age Pianist Edward

Kennedy ("Duke") Ellington was recognized in his lifetime as one of the greatest jazz composers and performers.

biography and audio clips at town.hall.org from the JFK Center for the Arts

Page 12: The Twenties Roar to Economic Collapse 1920-1929.

Capone – Gangsters of the 20’s Al Capone is

America's best known gangster and the single greatest symbol of the collapse of law and order in the United

States during the 1920s Prohibition era.

Capone had a leading role in the illegal activities that lent Chicago its reputation as a lawless city.

Page 13: The Twenties Roar to Economic Collapse 1920-1929.

Al Capone – King of Chicago

Page 14: The Twenties Roar to Economic Collapse 1920-1929.

St Valentine’s Day Massacre Feb 14, 1929

7 men of rival

Gang leader

Bugs Moran

Had been shot

And killed

Page 15: The Twenties Roar to Economic Collapse 1920-1929.

Bugs Moran "Only Capone kills

guys like that,” said Bugs Moran - after learning that seven of his men had been killed in a warehouse on Clark Street.

Page 16: The Twenties Roar to Economic Collapse 1920-1929.

Henry Ford You can paint it any

color, so long as

it's black

Page 17: The Twenties Roar to Economic Collapse 1920-1929.

Ford’s Assembly Line Method $5.00 a day wage By 1914, the moving assembly line

enabled Ford to produce far more cars than any other company. The Model T and mass

production made Ford an international celebrity.

Page 18: The Twenties Roar to Economic Collapse 1920-1929.

FlappersFashion statement of

the 1920’s. Bobbed hair,

dress above the knees, red

lipstick and beads, dancing

the Charleston

Page 19: The Twenties Roar to Economic Collapse 1920-1929.

Charles Lindbergh Lindbergh comes home! President Calvin Coolidge

delivers a speech to honor him and his achievement. Up until May 1927, no human being had ever crossed the great divide that separates the North American and European continents in an airplane non-stop. Charles Lindbergh was the first to do it! Though today the span is traversed countless times every day, Lindbergh stands tall as one of the heroes of aviation!

Page 20: The Twenties Roar to Economic Collapse 1920-1929.

Sacco and Vanzetti

Page 21: The Twenties Roar to Economic Collapse 1920-1929.

Stock Market Craze of 1920’s I'll have to see my broker

Find out what he can do. 'Cause I'm in the market for you.

There won't be any joker, With margin I'm all through. 'Cause I want you outright it's true.

You're going up, up ,up in my estimation. I want a thousand shares of your caresses too.

We'll count the hugs and kisses, When dividends are due, 'Cause I'm in the market for you.

Page 22: The Twenties Roar to Economic Collapse 1920-1929.

Stock Market Crash of 1929 Black Tuesday, October 29, 1929. In order to get out, you had to get your broker to sell your stock at market

value. Remember too, that we bought our stock on margin? We are paying interest on a loan for a stock which itself is being used as ollateral. This is called a security. If the stock rises, we gain equity in our speculation because its value has increased. If the stock drops, the reverse is true. The investor must put up the cash to cover the loss. Let’s say we invested in the Red Wagon company, we agreed to put down $1500 for stock worth $15000? Think of it as if we paid all that $15000 all at once. We would own the stock and losses are on paper, still not good. When you own a security, and the stock suffers a loss, you have to cover the call for margin. This is because it is like you owned it and suddenly your broker says 'I need cash to cover your investment'. If you failed to come up with the margin, you risked that the bank would take your investment and go after you for the rest of the bill.

Page 23: The Twenties Roar to Economic Collapse 1920-1929.

20’s end in Economic Collapse People were dumping their securities and causing

even more downward pressure on the market. There were despondent stockbrokers, in tears hopelessly trying to get in touch with customers for margin. This time, the panic of selling made sure, once and for all, that there was to be no quick fix, that the recovery would be slow and painful. There was not the nearly the recovery of gains seen on Thursday.

The market had crashed.

Page 24: The Twenties Roar to Economic Collapse 1920-1929.

Who Am I?In 1926 I became the first woman to swim the English Channel?

In 1927 I became the first man to fly solo, nonstop across the Atlantic Ocean?

I was the leader of the gang in Chicago – the lawless city of the 1920’s?

I wrote the Great Gatsby because of the decadence of the 1920’s?

I started producing my Model T by using the assembly line?

I was the male love idol of the 1920 movies?

I was a black author and poet of the 1920’s?

I was the baseball legend of the 1920’s?

I cut my hair short, wore short dresses and went to social events of the 1920’s?