Lesson 1: The Politics of 1920s Lesson 2: A Growing Economy Chapter 8: The Jazz Age Lesson 1: The Politics of 1920s Lesson 2: A Growing Economy

Lesson 1: The Politics of 1920s

The Harding Administration 1920 “Return to Normalcy” his Presidential campaign slogan roughly meant back to the era of monopolies. SCANDALS 1923 Harding dies of a heart attack VP, Calvin Coolidge took office.

The Ohio Gang Harding gave friends and political allies from Ohio high level positons, known as “the Ohio Gang” Another example of the Good ‘ol Boys club that the Progressive Era worked hard to disband. The Ohio Gang used their position for personal gain. SCANDALS-1923 Col. Charles R Forbes sold medical supplies from the Veteran’s Affairs Hospital and kept the $, costing the public $250 million

The Teapot Dome Scandal 1922 Teapot Dome Scandal (Teapot Dome, Wyoming and Elks Hill, California) Secretary of Interior, Albert Fall took political bribes to lease lands containing US Navy Oil Reserves, illegally earning $300,000. First Presidential Cabinet member to go to prison.

President Calvin Coolidge was a quiet and different leader. Believed that prosperity rested on business leadership and that government should interfere as little as possible Laizzes-Faire Govn’t- Different from Progressives

Andrew Mellon banker, industrialist and Sec of Treasury, had 3 goals: Balance the budget, Reduce government debt Cut taxes- SUPPLY SIDE ECONOMICS-by cutting taxes Americans would invest their $--economy would grow and ppl make more $--so they will get taxed more , AKA 1928 Taxes cut down to .5% from 4% for most Americans and 73% down to 25% for Wealthy Americans

Isolationism a national policy of avoiding involvement in world affairs, the US was too involved and interconnected with other counties economically to become isolationists.

Daws Plan American banks will loan $ to German to help pay back the Allies from WWI. In return Germany will pay them less so that way France and Britain could pay off more of their debts to the US. LOAN $ US Germany Pay fewer Reparations Pay Reparations From WWI France and Britain

Kellogg-Briand Pact August 27, 1928-Peace treaty that outlawed war. Economic power + Arms-Control All signing nations agreed to abandon war and settle all disputes peacefully. The US and 14 other countries.

Lesson 2: A Growing Economy Industry The Assembly Line- Divided operations into simple tasks to cut unnecessary motion Mass production- large scale manufacturing with machinery Radio 1920 KDKA in Pittsburgh, PA Public broadcasts- news, music, entertainment Nationwide- created a common culture because everyone can get the same information at the same time Doesn’t require literacyvery popular and easy Airline 1918 US Post Office Used air mail 1926 Air Commerce Act Built airports 1927 Charles Lindberg- 1st to fly over the Atlantic ocean alone Vehicle 1908 Model T first automobile built by Ford- affordable by 1925 due to mass production Innovated American Way of Life rising the Standard of Living -Less farmer isolation -Created Commuters

Lesson 2: A Growing Economy Society Consumer Products disposable income-electric razors, facial tissue, frozen foods, home hair color, Rise in Standard of Living -Concern for hygiene-indoor showers, cleaning supplies, electric irons, vacuum, washing machines, refrigerators LINES OF CREDIT larger than income Farm Crisis “quiet depression” Technology enhanced farming output but restrictions on trade post WWI made international sales low Farmers earned 1/3 less than other American workers A Common Culture Radio and Air mail made communication easier to the masses Buying and selling, entertainment and news avaliable Mass Advertising “Easier than sliced bread” Sell the Americans things they didn’t realize they needed “Buy Now, Pay Later” Social Status appeared Convenience, leisure, success and style Play on consumers’ anxieties, fears, insecurities