SHHS-History-GCSE Year 11 Unit 2 : The Roaring 20s - USA, 1919-29 Flashcards
How many American servicemen died in World War One?
100,000
When did the Senate reject joining the League of Nations?
1920
What was the Volstead Act and when was it introduced?
January 1920 - It was the act which brought in Prohibition (the banning of the making, selling and distributing of alcohol) to America as a whole. The constitution had been changed to make this possible in Jan 1919 with the 18th Amendment.
Which U.S. Republican senator led the arguments against USA joining the League of Nations?
Henry Cabot Lodge
What was ‘isolationism’?
A belief that USA should not be involved or dragged into the affairs and conflicts of other nations, but instead, should be able to concentrate on American issues and interests. This view became very popular in America after World War One. It was promoted by the Warren Harding and the Republicans who defeated Wilson in the 1920 presidential election, and it was a major factor in USA refusing to join the League of Nations.
What happened to President Wilson in Sept 1919 and how did it contribute to USA not joining the League of Nations?
He suffered a stroke on 26th Sept, 1919, whilst touring America, making speeches in favour of America joining the League. He was a semi-invalid after the stroke and this made it more difficult to persuade voters not to support the Republicans and isolationism. In March 1920 there were not enough votes in the Senate to ratify the Treaty of Versailles and consequently, the USA did not become a member of the League.
Who won the 1920 U.S. Presidential election?
The Republican, Warren Harding.
What did Harding mean by ‘normalcy’ - a term he used frequently in his election campaign?
He meant a return to the way of life and isolationist policies that America had before its involvement in World War One. In addition, he said that ‘We seek no part in directing the destinies of the world.’
How had the First World War affected the U.S. economy?
It had benefitted. Even when officially neutral (until April 1917) USA had sold armaments and food to Britain and France. The USA had been able to export goods to places normally controlled by European colonial powers, whilst those countries were focused on war. By 1918, America had overtaken Germany in the production of chemicals and led the way in developing new materials, like plastics. Also, America was not in the war long enough to find its economy drained, as was the case with European countries who had been fighting since 1914.
What did the Forney-McCumber tariff of 1922 do?
Put high tariffs (taxes) on all foreign-made goods sold in the USA. This made Americans goods cheaper for Americans to buy than imported, foreign goods. It was a ‘protectionist’ policy.
In the long-term it weakened the American economy because foreign countries retaliated by putting tariffs on American goods. Consequently, it became very difficult to sell American goods abroad.
How many times did Presidents Harding and Coolidge raise the Fordney-McCumber Tariff?
32 times.
How were Model T cars produced?
They were mass-produced on a moving assembly line. In this way, a car could be produced in Ford’s factory in 93 minutes, or to put it another way, one car rolled off Ford’s assembly line every 10 seconds.
Which kinds of industries ‘boomed’ in the Roaring 20s?
Industries producing consumer goods, like cars, vacuum-cleaners, refrigerators and telephones. Synthetic industries also mushroomed, such plastics and rayon. Construction and electric light and power companies prospered. In terms of the food industry, canned fruit and vegetables sold well. Entertainment and leisure industries also ‘boomed’.
Which sales schemes enabled millions of Americans to buy consumer goods, which would have been otherwise too expensive?
Hire purchase schemes. It was also easy to borrow money from banks at low rates of interest.
What was bought and sold on Wall Street?
Shares. It is the American stock market.
Why was there a stock market boom in USA in 1920s?
Because share prices in consumer goods companies were rising dramatically and investors wanted to make large profits, speculating in shares. Banks contributed to this by allowing people to loan money in order to buy shares (‘buying on the margin’). The theory here was that people would quickly make such a large profit as the price of shares rose, that they would be able to pay off the initial loan to the bank and still have money left over (often to then reinvest). Some banks loaned more money than they actually had in deposits.
The government encouraged this type of speculation in shares with its ‘laissez-faire’ policies of low taxes and non-interference in business.