History Flashcards
Isolationism
Wouldn’t join war due to casualties
Refused to join LoN
Republican policies
1922 fordney mccumber tariff
Foreign goods taxed American cheaper
Mass production
Faster cheaper 1914
Advertising
Billboards, catalogues, radio, newspaper
Hire purchase and credit
Easy borrow from banks and pay monthly
Stocks and shares
Get rich quick- 300% rise
Developments in entertainment industry
Jazz, sport, dancing, cinema (1929)
Poor people
71% poverty, farmers overproduction, blacks/immigrants inferior
Immigration controls
1917 - literacy test
1921 - EQA 3%
KKK
Reformed 1915
5 million 1920
Ended 1925
Wall Street Crash
24 Oct 1929 - 14 million shares sold, prices fell
Effects of depression
100,000 businesses bankrupt
12 million unemployed by 1932
Farm income fell by 60%
Hoovervilles
Hoover and depression
Rugged individualism
$4,000 million for projects
Hawley Smoot Tarriff 1930, 40% goods tax
Emergency relief act 1932, $300m to unemployed
Gave loans of $1,500 million to businesses
Election 1932
Hoover lost - Blamed for depression, “In Hoover we trusted now we are busted”, reluctance to rid Prohibition
Roosevelt won - Promised to solve depression, mocked rugged individualism, traveled across country promising hope