1920s Flashcards
america 1920s was a period of
great economic growth, big business, and mass production of consumer goods
policy of isolationism
meant that america is growing itself and europe must deal with its own issues
leave alone strategy
the government and the economy were two separate economics
the standard of living in america
- 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
got a capitalist system to work,
people needed to earn and spend money
speakeasies
- a sign of corruption
- allowed for the rise of the mafia (organised crime)
- italian immigration
- Al capone
1920s in terms of womens rights
- 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
American dream
- started by warren harding
- the idea of having a good life appealed to immigrated
- encouraged european immigration, germanic and nordic not irish
return to normalcy
- was a US presidential candidate campaign slogan used by warren G hardings for the 1920 elections
america had been through
- the sinking of the Lusitania
- communist revolution in russia was a direct threat to capitalism
- the spanish flu
return to normalcy called for the
return of anglo saxon protestant values, this clashed with the extravagance of the new wealthy middle class
al capone leader of
chicago outfit
who did not benefit from the boom years
- farmers
- americans/working class
- african americans
- native americans
what were the dates the wall street crash happened
- Monday, October 21
- Thursday, October 24
- Tuesday, October 29
why did the wall street crash happen
- agriculture
- speculation on the market
- too optimistic
- over production
- uneven distribution of wealth
- unsound business practice
- problems in trade