Luicery Gomez
Politics The Election of 1928 Democratic candidate: Alfred E. Smith, former governor of New York Republican candidate: Herbert Hoover, a Midwesterner
The Eighteenth Amendment (1920) banned the making or selling of alcohol, which became known as prohibition. The Noble Experiment
· Some people made their own illegal liquor known as moonshine. Why did prohibition fail?
Economics A Booming Economy: The 1920’s Income increases People purchase more goods Companies earn higher profits Companies expand and hire more people “Boom Cycle”
The following industries grew as a result of the booming car industry: construction (roads and bridges) steel rubber glass paint oil housing (as the suburbs grew)
* Employment and the standard of living increased. * As World War I ended, technology focused on consumer goods. Ex) radios, washing machines, telephones, and cars * An increase in wages caused an increase in buying power RCA Radiola Super VIII
· The goals of the resurrected Ku Klux Klan were to preserve the U.S. for white native-born Protestants. Society & Culture The New Klan Ku Klux Klan members parading along Pennsylvania Ave. in Washington, D.C., Aug. 18, 1925
· The Klan targeted immigrants, Catholics, Jews, and African- Americans.
The Ku Klux Klan reached its greatest strength in the 1920’s, with a membership of over three million people.
· Many African-Americans moved north during and after World War I in search of factory jobs. Responding to Racism Jacob Lawrence, The Migration Series (Panel 1)
What’s a Stock Broker? A stock broker is a qualified professional who buys and sells shares in the stock market. A typical job of a stock broker would be to help a client invest money. After the investment, a percentage of the profit is then given to the stock broker. Luck plays a big part in investing as well.
Why Buy Stocks and Shares? People buy (and “invest”) stocks and shares to earn $MONEY$. They believed money would “multiply”. Buying stocks at LOW , and selling at HIGH . For example, when 1,000 shares of stocks is put into $1.00 worth stocks that rise to $1.50, $500 is earned. Stocks can be a quick way to earn money! Investing is a form of earning money. 1,000 $1.00 stocks/shares INVEST! ($1.00 increases to $1.50) 1,500 $1.50 stocks/shares ($500 profit)
Wall Street Located in lower Manhattan, New York. It is a street that features many large financial office buildings and companies where stocks are traded, including: NYSE New York Stock Exchange, NASDAQ, AMEX American Exchange, NYMEX New York Mercantile Exchange, NYBOT New York Board of Trade etc. A section of Wall Street today. The building on the right (with the American flag) is the main NYSE office building. National Association of Securities Dealers Automated Quotations
Stocks and Shares in the 1920’s During this period of time, stocks and shares rose at a phenomenal rate. Stocks rose by 65%. Wages increased by 25%. People began borrowing money to invest. In 1929, Wall Street crashed - America went into debt. +65% +25% America’s wealth in the 1920’s UH OH!