1920's Test - Sheet1 Flashcards
If there are more buyers than sellers, the price of the stock goes ______
up
Famous pilot during the 1920s
Charles Lindbergh
FDIC insures deposits up to $250,000
Federal Deposit Insurance Corporation,
First woman to fly across the Atlantic
Amelia Earhart
Secret/underground bar
Speakeasies
Low-waisted dresses, hats, bobbed hair, loosely-fitted, must be able to dance
Characteristics of fashion in the 1920s
Foxtrot, waltz, tango
Popular dances of the 1920s
Delayed marriages, less divorce, deserted children, took money out of banks
American response to the Great Depression
How many stocks were sold on Black Tuesday?
16.4 million
Buying/selling alcohol illegally
Bootlegging
Person who buys and sells stocks for clients
Stock broker
Famous cornet player and singer
Louis Armstrong
First U.S. President from Iowa. President 1928-1932, believed in Rugged Individualism: belief that you needed to help yourself and avoid getting government help.
Herbert Hoover
Radio and advertisements
Reasons why people bought more goods in the 1920s
Emerged from African American culture, relaxed style of music that was extremely popular in the 1920s
Jazz music
Date of the official stock market crash (the first was temporary). Began the Great Depression
Black Tuesday
October 29, 1929.
Paralysis resulting in the inclusion of poisonous ingredients in illegal alcohol
Jake Leg
Films with music or commentary, but no audio
Silent Films
First famous jazz trombone player
Edward “Kid” Ory
Attorney General associated with the Smoke-Filled Room, the American Metal Company, and bootlegging. All of his work was done by his assistant, Jesse Smith
Harry M. Daugherty
Man who lived with Daugherty and did all his dirty work. Committed suicide before getting caught
Jesse Smith
Went up in number after WWI, called for government regulation
Labor unions and Strikes
Trombone and cornet player, gave Louis Armstrong his start
Joe “King” Oliver
If there are more sellers than buyers, the price of the stock goes ______
down
Regulates the market, oversees exchanges, protect against fraud, prevent insider trading.
SEC (Securities and Exchange Commission)
Putting a down payment on a cost like a car or house and paying the rest in several payments
Buying on credit
A group supporting African American rights, saw a rise in membership in the 1920s. Created in 1909 by W.E.B. Du Bois
NAACP (National Association for the Advancement of Colored People)
An investment, owning part of a company
Stocks
The booming economy after WWI. There were big tariffs to protect American goods
Great Bull Market
Famous actor and comedian
Bob Hope
The shantytowns unemployed Americans lived in during Hoover’s presidency
Hoovervilles
Famous baseball player
Babe Ruth
Lowered the quota to 2% based on the 1890 census and banned Japanese immigrants
Immigration Act of 1924
Started when a black teenager was stoned and drowned in Lake Michigan. The white men responsible were not arrested so riots ensued. 38 people died total, 500 were injured, and over 1,000 lost their homes.
Chicago Riots of 1919
Coming up with a price
Price setting
Separated investment and commercial banking activities
Glass-Steagall Act
Location where stocks are bought and sold
Stock market
Using 10% of your own money to purchase a stock, and borrowing up to 90%
Buying on margin
Put a limit on how much you could borrow. Went from 90%–>50%
Margin Limit
Provide relief to banks and businesses, not people
Reconstruction Finance Corporation
WWI Veterans who would receive $1.25/day served overseas and $1.00/day served in the U.S. Were supposed to get paid in 1945 but during the Depression wanted their money ahead of time. Hoover sent out the Washington police and two marchers were killed
Bonus Army
Ended strikes, deported possible communists, and put many innocent people in jail. His actions made people afraid to speak out. Later lost credibility when he said May 1st was “Communist Labor Day”, but his predictions of massive strikes did not happen.
Attorney General Palmer
Gang boss who was eventually sent to Alcatraz for tax evasion
Al Capone
Hoover’s attempt to help farmers with a tariff. Caused other countries to raise their tariffs and overall did not help
Smoot-Hawley Tariff
Famous actress
Clara Bow
Famous actor
Rudolph Valentino
Banning the legal sale and purchase of alcohol
Prohibition
Fear that escalated after WWI. Fear of communism and immigrants who Americans thought would start a violent, bloody revolution
Red Scare
Created a quota of 3% based on the 1910 census.
Immigration Act of 1921
Harding’s Secretary of the Interior, member of the “Ohio Gang” associated with Tea Pot Dome Scandal
Albert B. Fall
Stole $200 million from the government by selling property at a fraction of its value. Associated with the Veteran’s Bureau
Charles R. Forbes
Charleston, Breakaway, Lindy Hop
New dances of the 1920s
Italian immigrants who knew little English and were charged with the robbery/murder of two shoe factory workers. One was a fish peddler and the other a shoe salesman, Vanzetti was found with a loaded gun. Executed through the electric chair
Vanzetti and Sacco
imitates relaxed style of jazz music with improvisation, some poets liked it, others condemned it
Jazz poetry
President after Harding
Calvin Coolidge
Famous silent actor
Charlie Chaplin
The theory placing multitudes of money in the hands of CEOs and the top of the economy in the hopes that they will pay their workers more and the workers will spend more in the economy
Trickle Down Theory
Ku Klux Klan, group against African-Americans and other groups such as women, Jews, and Catholics. Saw a rise in membership in the 1920s
KKK
Legalized prohibition
18th Amendment
Brought affordable automobiles to the marketplace
Henry Ford
Scandal associated with Fall. He gave the rights to oil-rich lands to Mammoth Oil Company and Pan American Petroleum Company
Tea Pot Dome Scandal
