The RoaringTwenties
After WWI WWI left much of the American public exhausted Cost of living doubled for Americans Returning soldiers faced unemployment There was a social and economic fear toward immigrants A belief in isolationism swept the nation
The Red Scare Communism: An economic and political system based on a single-party government ruled by a dictatorship The panic in the U.S. began after the Russian Revolution established a communist states, and claimed a worldwide communist revolution. The American public started to believe a revolutionary conspiracy was taking place
Red Scare Continued Italian immigrants Nicola Saccor and Bartolommeo Vanzetti were charged with robbery and murder in 1920. Sacco and Vanzetti were admitted radicals and anarchists, but claimed that they had not committed any crime. With little evidence against them, Sacco and Vanzetti were still sentenced to death in 1927.
Immigration The Emergency Quota Act of 1921 This law established that only certain number of people could enter the United States from each foreign country. This law was set up by Nativist Those who were prejudice against foreign-born people Those who feared outsiders would interrupt their way of life
KKK Due to the Red Scare and anti-immigration feelings, there was another uprising of the KKK. They proclaimed themselves to be 100 percent American, and harassed any other group unlike themselves.
The Automobile Henry Ford used the assembly lines to mass produce cars. The success of the assembly line helped to decrease car prices. Ex.) Model-T 1909 - $850 1916 - $360 1924 - $290
The Automobile continued The car industry helped create other industries and essentially more jobs Gas Stations Repair shops Public garages Motels Shopping centers
Advertising Businesses started to use psychologists to study how to appeal to people’s desire They would aim their message toward youthfulness, beauty, health, and wealth “Say it with flowers” “Reach for a lucky instead of a sweet” Wants all of sudden seem to be needs
Issues in the 1920s Technology Production in America was increasing rapidly Businesses were expanding and merging, while other businesses were opening, and incomes were on the rise but not all was well With increase in technology farmers produced more food than what was needed, which drove prices down, and in turn farmers suffered greatly.
Issues in the 1920s continued Credit Advertisers also lured customers into using installment plans to buy their products This allowed the customer to purchase goods now, and pay the money later. Because of this people were able to live more lavishly, and it blinded the public of the problem it would eventually create
Scopes (Monkey) Trial John Scopes, a Tennessee teacher, taught his class about Charles Darwin’s theory of evolution in Tennessee where teaching that was illegal Clarence Darrow defended Scopes Scopes was found guilty and fined $100, and the law prohibited teaching the theory of evolution remained.
Prohibition After the war, many people were exhausted of making sacrifices, and wanted to enjoy themselves, and they viewed drinking as a natural way to socialize. As a result people started find illegal ways to make, transport, and use alcohol Prohibition encouraged criminals like Al Capone to smuggle alcohol, and make lots of money of the production.
As a result of the Great Migration, there was much racial tension throughout northern communities The Harlem Renaissance provided a literary and artistic movement celebrating African-American culture It gave artists and poets a way to share their experience and at the same time motivate the African-American culture to escape prejudice and discrimination
The Jazz Age Jazz music was created by African-Americans and combined instrumental ragtime and vocal blues Louis Armstrong was one of the most famous Jazz trumpeters of the 1920s. It brought cultures together, and showed that there were many social and cultural changes that in the process of changing in America.
Stock Market How does the stock market work? You buy 100 shares of stock of x $5.00 per share How much money have you invested? $________ Scenario #1 stock increases to $20 per share 100 shares of stock x $20.00 per share How much are your 100 shares of stock now worth? $______________ How much profit have you made? $___________ stock value - $500.00 initial investment $_____________ net profit
Stock Market Continued Scenario #2 stock decreases to $1 per share 100 shares of stock x $1 per share How much are your 100 shares of stock now worth? $___________ How much money have you lost? $100.00 stock value - $500.00 initial investment $________ net loss Many Americans invested in the bull market (good market), becoming richer as stock prices increased Some people began to purchase stocks on credit, which is borrowing money in order to gamble.