Roaring twenties Flashcards
the roaring twenties
era were wages increased, and work hours decreased
mass production
large-scale productions done by machinery
assembly line
simple tasks, unskilled workers could preform; divided tasks and cut motion into a minimum
Henry Ford
created the assembly line, believed cheaper the product was, the more it will sell
airline industry
technological advances in WW1
What did people think airplanes could be used for?
domestic transportation
Charles Lindbergh
former airmail pilot; took transatlantic solo flight
Edwin Armstrong
made the long range radio transmission more practical, which led to more radio stations
credit industry
buy now, pay later
what was a bad effect on people that used credit?
They would forget about the interest; it would eventually build up to more than they could pay
welfare capitalism
employees were able to purchase stocks, making unions seem unnecessary
open shops
workplaces where employees were not required to join a union
farm ciris
farmers didn’t share their wealth, Europeans ended up having a surplus of food.
Why did European farmers had a surplus of food?
They were making more then they needed due to WW1
Fordney-McCumber Tariff
raised taxes on some U.S imports (60%), the highest they have ever been
Ohio Gang
President Harding’s friends, he gave them gov’t jobs; he drank and gambled with them
Teapot Dome Scandal
Albert B. Fall received bribes totaling 300,000 over land containing U.S naval oil.
General Harry Duaghterty
Last scandal (during Harding’s presidency),. A German company bribed him for chemical patents
What year did Harding die?
1923
Herbert Hoover’s Cooperative individualism
attempted to balance gov’t regulations; believed it would reduce cost and promote efficiency
Hoovers 3 main goals
1) Balance the budget
2) Reduce gov’t debt
3) cut taxes
Isolationism
wanted to be left alone to pursue prosperity
washington conference
Charles Hughes proposed a 10 year moratorium. Even thought about destroying naval ships
Five-power naval limitation treaty
Britain, France, Japan, Italy, and the U.S formalized Hughes plan (10 years)
Four-power treaty
recognized each nation’s island possession in the pacific.
Nine-power treaty
granted china’s independence
kellogg-briand pact
virtually out-lawed war
Who was president after Harding?
Calvin Coolidge
