Unit 6: The 1920s Flashcards
Bootlegging
a person who smuggled alcoholic beverages into the United States during Prohibition
Buying on credit
the practice of paying a portion up front and then paying the rest in installments, usually done monthly
buying on margin
the purchasing of stocks by paying only a small percentage of the price and borrowing the rest
First Red Scare
the result of Communism and the fear of the US that there would be worldwide Communist revolution
flappers
one of the free-thinking young women who embraced the new fashions and urban attitudes of the 1920s.
Harlem Renaissance
a flowering of African-American artistic creativity during the 1920s, centered in the Harlem community of New York City
immigration quotas
set in place a limit on immigration
Jazz Age
period during the 1920s when jazz music and dance styles rapidly grew in popularity in the US
organized crime
highly centralized businesses that are run by criminals to engage in illegal activities
Palmer Raids
raids conducted by the government in an effort to hunt down communists and anarchists
overproduction
producing more of a product than is wanted and/or needed
speculation
an involvement in risky business transactions in an effort to make a quick or large profit
Stock Market Crash of 1929
Black Tuesday; investors panicked and sold everything and many who had invested lost everything; signaled the beginning of the Great Depression