1920's Tech
What piece of technology helped increase society's access to news and music?
The Radio
What was the 18th Amendment?
Prohibited manufacture, sale, and transfer of alcohol.
How did the economy change in the 1920s?
Flourishing economy from regulations and rising incomes and a good stock market.
What does it mean to "buy on the margin"?
When an investor takes out a loan to buy a stock.
How did the failure of banks impact the global economy?
Bank failures led to a decline in international trade and investment, causing economic issues in other countries.
How did the production of cars influence American society?
- Suburbs developed outside of cities
- People had more freedom to travel
- The government focused on improving infrastructure (roads, bridges, and highways)
What was the 19th Amendment?
Granted women the right to vote.
Which president was credited with the prosperity of the mid-1920s?
Calvin Coolidge
What happened on October 29, 1929, also known as Black Tuesday?
The stock market crashed.
How did the Dust Bowl impact farmers in the US?
How did the Dust Bowl impact farmers in the US?
How did the assembly line impact the production of cars?
Increased car production efficiency and made cars affordable for all Americans.
What was Jazz Music?
Most popular music style during the 1920s.
What is installment buying?
Allows loans for immediate purchases over time.
What are the causes of the Great Depression?
- Overproduction of goods
- Poor banking system
- High unemployment rates
How did President Hoover respond to the Great Depression?
He believed in limited government intervention and encouraged businesses and charities to help, but his efforts were ineffective.
What was the purpose of Prohibition?
To address the rampant alcohol abuse in society.
What was the Harlem Renaissance?
Cultural flourishing of black artists in the 1920s.
What is a benefit of installment buying?
Enables consumers to buy expensive items that they need, even if they couldn't afford it.
How did overproduction lead to the Great Depression?
Factories and farms produced more goods than people could buy, leading to falling prices, layoffs, and business failures.
How did Hoover's response make American citizens feel?
American citizens were frustrated with him and his lack of effective action.
What were Flappers?
Women who redefined societal norms in the 1920s. Dressed in shorter dresses and cut their hair.
How did the end of WWI impact the American economy?
There was a recession as factories did not have the demand for their products like they did during war time and soldiers struggled to find jobs.
Who was the president when the stock market crashed?
Herbert Hoover
How did the banking system and loans lead to the Great Depression?
Banks gave out too many risky loans, and when borrowers couldn't repay them, banks failed, leading to widespread panic.
What were the 3 components of President Roosevelt (FDR)'s New Deal?
Relief, Recover, Reform: Providing immediate aid to struggling Americans, stimulating economic recovery, and implementing long-term reforms to prevent future depressions.