Social Changes of the 1920s
Illegal bars opened by organized crime bosses during the 1920s.
speakeasies
The idea that it is good for people to spend money on goods and services to support the economy. During the 1920s this idea grew as more consumer goods became available for purchase.
Consumerism
The amendment to the constitution that established Prohibition.
The 18th Amendment
The president at the start of the Great Depression, why was he hated by many Americans?
Herbert Hoover - He believed in rugged individualism, thought the people needed to work harder to end the depression, didn't allow the government to act.
The name of FDR's programs that focused on fixing the economy through relief, recovery, and reform
The New Deal
The explosion of African American Culture in urban centers throughout the 1920s
The Harlem Renaissance
A system of buying and selling shares of companies. This played a major role in the economic prosperity of the 1920s.
The Stock Market
Why was prohibition considered a failure?
a. Too hard to enforce
b. The rise in organized crime kept up supply
c. Law enforcement often took bribes/ were corrupt
People buying stocks with little or no understanding of the real value (I bought a stock bc Jacob said it was a good stock and id get rich)
Over-speculation
Government program that provided old age retirement and compensation for those who cannot work
Social Security
The "New Women" in America known for rejecting traditional 1920s ideas of what was acceptable behavior for women, smoked cigarettes, going out dancing at night clubs, drinking alcohol, and wearing “short” skirts, cutting their hair short, listening to jazz music, and working outside of the home.
Flappers
As the Stock market grew, it became easier for people to buy in because banks were willing to loan people money to play the stock market, this practice was known as,
Buying on Margin
19th Amenment
The final economic event and the direct cause of the Great Depression. Billions of dollars vanish in hours.
The Stock Market Crash of 1929
A federal program that put people to work building public utilities like roads, bridges, public spaces, schools, hospitals, etc.
The Works Progress Administration (WPA)
The migration of hundreds of thousands of African Americans from the rural south to the urban north is known as
The Great Migration
Overproduction during WWI lead farmers to expand/ buy new technology, when the war ended there was less demand but farmers continued supplying the market.
In response to high levels of immigration following WWI, nativists in government pushed for a new law to limit immigration to 3% from European countries and nearly 0% from the rest of the world.
a. What is a nativist
b. What is the name of the law that limited immigration?
a. Someone who thinks native born Americans are better than immigrants
b. The Immigration Quotas Act
Why did banks fail across the country in the late 1920s?
loaning money to people that didn't pay it back, loaning to risky stock buyers.
The federal program that insured bank deposits to help people who lost their money during the bank failures.
The federal deposit insurance corporation (FDIC)
Popular artist/ poet of the Harlem Renaissance know for plays, short stories, essays, and the creation of Jazz Poetry.
Langston Hughes
During the 1920s people had more time to themselves, access to new technologies, and bought more consumer goods than ever before.
a. How did people afford this new lifestyle?
b. What is the cause/effect relationship between new technologies/ consumer goods and WWI
a. Buy now pay later/ installment plans
b. Factories that saw profits producing for the war effort, applied new technologies of the war and changed production to consumer goods.
During the 1920s, the American government did veery little to regulate the economy and big business. What is this called?
Laissez Faire Capitalism
An event that took place across the west, in which crops were destroyed, farms failed, and people fled.
The Dust Bowl
Tennessee Valley Authority (TVA)