Economy Between 1919-1929
Temporary period of economic decline.
Recession
Cultural model that believes it is good to buy and use lots of things.
Consumerism
What was the most popular form of entertainment during the 20s?
Cinemas
The only country that emerged from the war stronger after WWI.
The United States
Government funded construction project to improve public infrastructure
Public work
Situation in an economy when rapid and out-of-control price increases occur.
Hyperinflation
Place where company shares can be bought and sold.
Stock market
What was the most famous type of music people enjoyed during the 20s?
Jazz music
On the 29th of October, a major sell-off began and the stock market crashed. This event is called...
the Wall Street Crash
Policy that promotes exports while making imports more expensive.
Protectionist Policy
How did World War I affect production and the economy in Europe?
It destroyed agricultural land, industrial infrastructure, and transport networks, leading to a lack of products and economic difficulties.
Splitting the cost if something into a series of regular payments over a longer period.
Installment plan
After the war, this group of people began to be more integrated into society and enjoyed more freedom in the United States
Women
During WWI, agricultural production had increased to supply European markets. After the war, foreign demand fell. This led to...
Agricultural Overproduction
Due to the importance of the United States in the global economy, the crisis spread around the world. What specifically declined by up to 60%?
World Trade
This plan involved dividing German debt into yearly payments and granting it a series of loans.
Dawes Plan (1924)
The United States banned the making of what product, and what was this period called?
Alcohol, Prohibition.
Due to the consumer society that developed during the 20s, the US saw huge increases in what?
The sale of goods (household appliances, cars, etc.)
Even when companies stopped growing, share prices continued to rise because people were still buying shares. This overconfidence in the stock market is called...
Speculation
Roosevelt introduced the "New Deal." This was a set of government programs that focused on "the three R's". What does each R stand for?
Relief, Recovery, Reform.
This plan was replaced with the Dawes plan in order to reduce the reparations that Germany owed because everyone involved has realized that Germany was unable to pay the full amount of loans.
Young Plan (1929)
Even though slavery was abolished in 1863, what was still prevalent throughout society, and what was the name of the white supremacist group that had over 4 million members in the 1920s?
Racial segregation, Ku Klux Klan.
Term for the cinema industry because of the silvery color of early cinema screens.
Silver Screen
Due to the crisis that occurred in 1929, families became impoverished and there was a lack of available bank credit. What is the one thing that increased during this time?
Unemployment levels
What companies/associations had to prove they could pay back debts before opening during Roosevelt's implementation of the New Deal?
Banks