Roaring 20s
Why are the 1920s described as "Roaring"
Because of the new styles, trends, and forms of entertainment that were created during this time period
What did the unemployment rate get to during the Depression
25%
What were the names of the shanty towns people had to move into
Hoovervilles
True or False The New Deal got us out of the Great Depression.
False
What city is Herbert Hoover From?
West Branch, IA
- Spread racial sterotypes on the Radio
-Created new fashion trends
- Spread information quickly
- Created "heros and villians"
- Increased radio and movie sales
What is buying on margin?
Buying stocks with credit
What was one way people received food during the Depression?
Bread Lines
What was the role of the Work Progress Administration?
To improve infrastructure and build various city projects
Who was the main mobster of Chicago?
Al Capone
How did women's roles change during the 20s
Women found new independence, breaking away from the mold of being a "housewife," and had more freedoms in the public sphere
Women were able to run for office and participate on juries
Earned the right to vote
What is a bank run
Where a large group of people go to pull their money out of the bank, leading to its closure
How did businesses try to maintain capitalism during the Great Depression
They cut wages and workers to stay afloat
What is the Social Security Act?
This established pensions for the elderly and disabled, allowing them to receive paychecks in retirement. Opened jobs forthe younger generation
GMC is cutting 10,000 employees
Maintaining or Reforming Capitalism
A cultural, artistic, and literary movement among African Americans centered in Harlem during the 1920s
What led to the stock market crash
A large group of investors sold stock all at once, leading to panic among other investors. This led to a plummet in the value of stocks.
Why did farmers experience the Depression before everyone else?
Following WWI demand for food dropped and they couldn't afford the loans they took out to expand their farming operations during the war
What did the FDIC do?
It insured people's money in banks up to 2,500 at the time
Government funding various construction projects to employ people duirng the Depression.
Maintaining or Reforming Capitalism
Reforming
List 2 problems that occurred because of Prohibition
- Increase in organized Crime
- Bootleggers and smugglers would still sell alcohol
- The Mafia had control over law enforcement.
Overall what was the biggest cause of the Great Depression? Explain why
Bank failures were the main cause because people lost their life savings and then stopped buying things which hurt business leading to layoffs
- Public Work projects
- lower taxes
- lower interest rates
What was the purpose of the Bank Holiday?
To close banks long enough so the government could send them reserves to stay in business
what were the 3 Rs of FDRs plan
Relief, Recovery, Reform