1920s Flashcards

1
Q

america 1920s was a period of

A

great economic growth, big business, and mass production of consumer goods

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2
Q

policy of isolationism

A

meant that america is growing itself and europe must deal with its own issues

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3
Q

leave alone strategy

A

the government and the economy were two separate economics

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4
Q

the standard of living in america

A
  • had a much higher standard of living, this was because america entered ww1 late non of the actual fighting occurred on american soil and the US economy prospered
  • millions of americans could afford consumer goods
  • higher purchase (credit) made it possible to buy now and pay later
  • large profits were being made
  • the new york stock exchange was thriving
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5
Q

got a capitalist system to work,

A

people needed to earn and spend money

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6
Q

speakeasies

A
  • a sign of corruption
  • allowed for the rise of the mafia (organised crime)
  • italian immigration
  • Al capone
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7
Q

1920s in terms of womens rights

A
  • men began to accept women as more equal
  • women were given the right to vote 1921 (womens suffragette movement)
  • a greater sense of independence and freedom was being experienced
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8
Q

American dream

A
  • started by warren harding
  • the idea of having a good life appealed to immigrated
  • encouraged european immigration, germanic and nordic not irish
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9
Q

return to normalcy

A
  • was a US presidential candidate campaign slogan used by warren G hardings for the 1920 elections
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10
Q

america had been through

A
  • the sinking of the Lusitania
  • communist revolution in russia was a direct threat to capitalism
  • the spanish flu
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11
Q

return to normalcy called for the

A

return of anglo saxon protestant values, this clashed with the extravagance of the new wealthy middle class

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12
Q

al capone leader of

A

chicago outfit

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13
Q

who did not benefit from the boom years

A
  • farmers
  • americans/working class
  • african americans
  • native americans
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14
Q

what were the dates the wall street crash happened

A
  • Monday, October 21
  • Thursday, October 24
  • Tuesday, October 29
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15
Q

why did the wall street crash happen

A
  • agriculture
  • speculation on the market
  • too optimistic
  • over production
  • uneven distribution of wealth
  • unsound business practice
  • problems in trade
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16
Q

relief

A

provide aid and support to those worst hit by the depression

17
Q

recovery

A

to promote recovery of the economy by getting people back to work and getting industry moving again

18
Q

reform

A

to change the structure so this would not happen again