1920s Economics
This moving system, used by Henry Ford, made cars faster and cheaper to produce.
What is the assembly line?
These young women shocked older generations by cutting their hair, wearing short skirts, and dancing.
Who were the flappers?
This U.S. president’s term was marked by scandals after World War I.
Who was Warren G. Harding?
Many people bought stocks hoping prices would rise quickly—this risky practice was called what?
What is speculation?
FDR’s plan to fix the Depression was known as this.
What was the New Deal?
This car became affordable for many Americans thanks to Ford’s new methods.
What is the Model T?
A movement that taught the Bible as literal truth was called this.
What is religious fundamentalism?
This scandal involved government oil reserves and bribery.
What was the Teapot Dome Scandal?
Farmers and factories made more goods than people could buy.
What is overproduction?
The 3 Rs of the New Deal were known as this.
What are Relief, Recovery, and Reform?
Many American bought these to get rich quick, believing the economic boom would never end.
What are stocks?
This cultural movement celebrated Black art, music, and writing in New York City.
What was the Harlem Renaissance?
A belief that the U.S. should stay out of world affairs.
What is isolationism?
This natural disaster turned parts of the Great Plains into dry wastelands.
What was the Dust Bowl?
This New Deal program helped control floods and provided electricity.
What was the TVA (Tennessee Valley Authority)?
Buying things on “installments” or with borrowed money became known as this.
What is easy consumer credit OR buying on margin?
Many African Americans moved north for jobs during this event.
What was the Great Migration?
A fear of immigrants led to this idea that “native-born” Americans were better.
What is nativism?
Many banks failed because of this.
What were bad banking policies OR bank runs?
This 1935 law set up pensions for the elderly and unemployment insurance.
What was the SSA (Social Security Act)?
A society focused on buying more goods and new products is called this.
What is a consumer society?
This law banned alcohol in the 1920s.
What was Prohibition OR the 18th Amendment?
This 1924 law limited immigration from certain countries.
What was the National Origins Act?
The government raised taxes on imports through this 1930 law.
What was the Hawley-Smoot Tariff?
This law protected people’s savings and reformed banking.
What was the Glass-Steagall Act [which separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation]?