Define 'capitalism'
An economic system in which businesses are privately owned and operated for profit with limited government intervention.
Recall when America entered World War 1.
April 1917
List three changes to women's fashion during the 1920s.
Shorter hair, knee-length skirts, make up, loose fitting dresses, sheer hose
List important events that proceeded the Wall Street Crash.
Black Thursday Oct 24
Black Tuesday Oct 29
List three programs created as part of the New Deal.
AAA, CCC, WPA
Define 'laissez faire'.
Describe the policy of 'isolationism'.
Describe the 'Red Scare'.
Fear of communism (anti-democracy) that rose in Europe after World War 1. Reflected immigration policy.
Herbert Hoover
Describe the three aims of the New Deal.
Relief - immediate relief for those impacted.
Reform - long term change to prevent another collapse.
Recovery - restart the economy and struggling industries.
Outline Theodore Roosevelt's 'trust-busting' approach.
Anti-trusts. Sherman Anti--Trusts (1890) prosecuted major trusts. Square Deal to promote fairness. Opposed those who abused their power in business.
Compare America's pre and post WW1 industrial production.
1917/18: industrial production increased 20%. Focused on military priorities. 1918 US produced more steel than France and Germany.
Explain the purpose of the Immigration Act of 1924.
To skew the immigrant population to Western Europeans, penalising those from East Europe and Asia.
Explain the immediate impacts of the Wall Street Crash.
Explain Herbert Hoover's 'rugged individualism' approach.
Laissez-faire, Social Darwinism in capitalism
Analyse the reasons for 'progressivism'.
Tackled economic inequalities, fixed systematic market failures, championing social justice.
Evaluate the effectiveness of the suffragette movement.
19th Amendment ratified in 1920 (some women granted the right to vote).
Not all women supported e.g., black women.
Assess the effectiveness of prohibition.
Evaluate the causes of the Great Depression.
Unstable banking system, companies over-estimated economy growth, buying on the margin, over production of goods, unequal wealth distribution.
Analyse how World War 2 contributed to economy recovery.
Increased military production, export of arms.
Compare the leadership of two Presidents at regulating capitalism.
Theodore Roosevelt: regulated monopolies, assertive, Stewardship Theory, executive orders, Pure Food and Drug Act
William Taft: regulated monopolies, more cautious, kept tariffs high
Woodrow Wilson: dismantled monopolies, most assertive, 'New Freedom', Underwood Tariff Act to reduce tariffs, Clayton Anti Trust Act
Analyse Wilson's change in foreign policy during World War 1.
Started neutral. "He keeps us out of war". Zimmermann Telegram (1917) from Germany to Mexico for an alliance. Entering WW1 to keep democracies alive.
KKK, government support limited
Justify why the Great Depression was inevitable.
Dust Bowl, over-investment in shares.
Evaluate the effectiveness of Roosevelt's New Deal.
Increased employment and production, however, not everything was fixed.