The Roaring Twenties to WWII Flashcards
Warren G. Harding
-President during the Roaring 20s
-promised a “return to the normal before WWI”
-popular but corrupt
Calvin Coolidge
-takes over as President after Harding
-sit back relax, do nothing
-let the economy of the Roaring 20s handle itself
Good of the Roaring 20s
-economic prosperity
-mass production due to the assembly line
-increase in oil and electricity
-hands off government allows growth
-the automobile
-mass media, movies, music, sports
Bads of the Roaring 20s
-farmers still left behind with lack of government
-Unions struggle to recover post WWI
-jobs offer benefits after WWI, so Unions are useless
Modernism v. Fundamentalism
technology and other achievements vs. the Bible being law
Scopes Trial 1925
-big city vs. rural town
-should evolution be taught in school or go with what the bible teaches?
-draws national attention
18th Amendment
prohibition
Quota Laws
limit the number of immigrants from Europe and Asia
Case of Sacco and Vanzetti
-two poor Italians executed for murder and robbery
-some see it as misused justice (because they were Italian)
Women of the time
-express themselves through voting, fashion, morals
-women voting patterns follow man of the house
-there are different types of women (progressive, conservative, etc)
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the Harlem Renaissance
-a triumph for African Americans, yet still facing challenges
-famous black artists, actors, musicians, writers
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United Negro Improvement Association
-founded by Marcus Garvey
-advocated for individual and racial pride for lower-class African Americans
-believed in separate black and separate white society
Black Thursday and Black Tuesday
Wall Street Crashes, stocks drops, economy crashes
Causes of the Great Depression
-uneven distribution of income among social classes
-too much credit being lent
-overproduction
-weak farm economy
-global economic downturn (America on the global stage, every other country is connected to USA)
Herbert Hoover
-President during the Great Depression
-encouraged self-reliance, charity, and patience during this time (NOT GOOD)
-“Hoovervilles” created in cities, so terrible they were named after him
Hawley Smoot Tariff 1930
-raises tariffs to their highest rates ever
-hurts America and world economics even more
Federal Farm Board and Reconstruction Finance Corporation
both last-ditch efforts by Hoover to save the economy
FAIL
Federal Farm Board
aimed to stabilize farming prices by temporarily holding surplus grain and cotton in storage
DID NOT WORK
Reconstruction Finance Corporation
created to stabilize large businesses so it could “trickle down” to smaller businesses
Bonus Army
-Veterans from WWI march to DC asking for early payment of their promised war bonus
-met with troops who fire, forcing them to leave
FDR “New Deal”
-government will step in and fight for the people
FDR “three R’s”
-Relief for the people out of work
-Recovery for businesses and economy
-Reform of American economic institutions (banks)
FDR “Fireside Chats”
radio talks with FDR to the nation, discussing his flans for the future
FDR’s first priority in the first 100 days
-stabilize the baking system
-rebuild public’s confidence in banks
Public Works Administration (PWA)
-state and local governments given money to build roads, bridges, etc
-give job opportunities
Civilian Conservation Crops (CCC)
employed young men on projects on federal lands and paid families
Tennessee Valley Authority (TVA)
one of the poorest regions in the nation (the south) received government money so it wouldn’t be poor anymore
Emergency Banking Relief Act
-authorized the government to examine the finances of banks closed during Bank Holiday
-banks were only to be reopened if approved by the government
Glass-Steagall Act
increased regulation of the banks and limited how banks could invest customer’s money
Federal Deposit Insurance Corporation (FDIC)
guaranteed individual bank deposits if banks were to close
National Recovery Administration (NRA)
attempted to even the playing field between industry and labor
Securities and Exchange Commission (SEC)
regulate the stock market and to place strict limits
on speculative practices
Federal Housing Administration
-boosted home building and home ownership by insuring bank loans
-yet prevented African Americans from owning homes
the New Deal has successes and fails
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