Life After WWI
(US & Germany)
(US & Germany)
Players of which sport became national heroes to Americans in the 1920's?
BASEBALL
Name all 4 figures discussed in class along with their respective industries.
Henry Ford (cars/auto industry) or similar
Louis Armstrong (music/jazz industry) or similar
Charlie Chaplin (movie/film/comedy industry) or similar
Babe Ruth (sports/baseball industry) or similar
What percent of its value did the Stock Market end up losing by 1929?
90%
Approximately how many banks shut down by 1932 because of the Great Depression?
Nearly 6000
Roosevelt’s quest to end the Great Depression was just beginning, and would ramp up in what came to be known as what?
The First 100 Days.
Who was the leader of Germany's National Socialist Party who gained much power after WWI?
Adolf Hitler
What was the name of Henry Ford's first automobile in which 10,000 of them were sold in the first year alone? (Don't say Ford)
Model T
Define 'consumerism.'
When someone spends more than they save
What was the name of President Hoover's economic policy before the Great Depression?
"Hands-off" policy,
meaning the government would allow businesses nearly 100% freedom to do things their way.
What was the New Deal?
A series of programs, public work projects, financial reforms, and regulations enacted by President FDR between 1933 and 1939.
Some Germans began calling for revenge because of the conditions of which Treaty?
Treaty of Versailles
Between 1921 and 1932, how many World Series did Babe Ruth help the Yankees win?
4 World Series
Because farmers failed to sell their extra crops, what happened as a result?
Farmers were not able to repay their bank loans/mortgages.
Some farmers lost their farms.
What did most Americans believe about the U.S. before the Great Depression?
That the U.S. was a place of unlimited growth, opportunity, and achievement.
What is 1 thing that the Social Security Act (SSA) did?
Gave money to states for aid to dependent children, established unemployment insurance through payroll deduction, set up old-age pensions for retirees
By 1923, German money had lost so much of it value that Germans used it for what?
-To make kites
or
-Wallpaper
or
-To make fires
Louis Armstrong was raised by his mother Mayann in a neighborhood so dangerous it was called what?
"The Battlefield" is the nickname for the neighborhood Armstrong was raised in.
Why was "overproduction" a problem that caused the Great Depression?
Companies could not sell much of what they produced as only a few Americans could actually afford to buy these goods.
Many companies also had more plants/factories than they needed.
Before the Great Depression, the national income of the U.S. rose from $67 billion to...?
$87 billion
What does NRA stand for and what was one thing the program did?
Created a partnership of business, labor, and government to attack the depression with such measures as price controls, high wages, and codes of fair competition
Why did Americans change their way of life in the 1920's?
-Most wanted to live for the present and enjoy life before something bad happened again.
-Many Americans were shocked by the horrors of World War I.
Henry Ford did not invent the first car. How then, did he contribute to the automobile industry?
His assembly line innovations increased mass production which resulted in more jobs, cheaper cars, and growth of transportation related industries.
What does it mean to purchase stocks "on margin?"
Borrowing money to purchase stocks
or
Paying a fraction of the stock's worth with a promise to pay the rest back once the stock was sold
What caused the instability of the banking industry?
The over-extension of credit to stock investors and brokers.
What were two reasons that Conservative opponents felt that the New Deal went too far?
It was socialism (killed individualism)
-It added to the national debt
-It wasted money on relief and encouraged people not to do anything or try to find work
-It violated the constitution & states rights
-It increased the power of the Presidency (FDR was reaching toward dictatorship, Congress a rubber stamp, independence of judiciary threatened, separation of powers shattered)
Charlie Chaplin filmed a movie 100 years ago where he looks after an orphan boy. Name the film.
The Kid (1921)