Chapter 20 Flashcards
HARLEM RENAISSANCE:
Rejecting established stereotypes, a search for black values emerged. Led to new forms of art and music( Jazz Age )
SIG: allowed black culture to reemerge in a positive right
Great Migration
movement of nearly 1 million blacks from the south to north during WWI. They moved to cities like Chicago, Detroit, and New York.
SIG: caused the Harlem Renaissance.
American civil liberties
helped anyone having their rights restricted. SIG: brought about a “rights revolution”
St. Valentines day massacre
seven men who’re illegally sold alcohol are murdered, which makes citizens question if prohibition is worth it. SIG: leads to 18th amendment being repealed.
Conservation era
during this period all presidents were republicans like Harding, Coolidge & Hoover
- Republicans passed a program of higher tariffs, lower taxes, and spending cuts.
Agriculture.
Farming on large scale to sell later
1920’s problem was agriculture! Wartime demand for food dropped, and farmers suffered, so much that they closed. Rich got richer, poor for poorer. SIG: led to the Great Depression.
Black Tuesday
The stock market crashed causeing speculation and buying on the margin
It kick started the Great Depression, and A BIG CHAIN REACTION. People cleared out their bank accounts cause they were scared. So banks lost too much money and closed. No money for banks to loan=businesses failing.
Speculation
People would buy large amount of stock to make a big profit
Kick started the Great Depression
Buying on the margin
Pay small down payment and barrow the rest
Many regular people bought a bunch of shares left and right, hoping to sell them soon for a quick profit. When no one wanted to buy them, the value dropped to nothing.
Kick started the Great Depression
Hoovervilles
Makeshift shack towns, major effect of the GD
The bonus army
Vets of wwI marched on Washington demanding their army bonus check only to be turned away
Effect of the GD
Harley-smoot tariff
increased tax on imported goods, but limited out market
SIG: it reduced market which we needed even more since we were economically depressed. His response made the depression worse.
Causes of the Great Depression
Tariffs and war debt policies that cut down the foreign market for American goods.
- A crisis in the farm industry.
- The availability of easy credit allowed people to dig a deeper hole. Too much speculation caused a lot of lost profit.
- An unequal distribution of income.
