Roaring 20s New Products -Cars -Refrigerators -Phonograph -Radio.

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Presentation transcript:

Roaring 20s New Products -Cars -Refrigerators -Phonograph -Radio

Roaring 20s Roar of the Factory -Electricity -"Scientific Mgmt" -Assembly Line -Purchasing goods -Impact?

Roaring 20s Economic problems? -Overproduction -"Sick" industries -Cost of Living -Speculation

Lead-in to Depression Economic problems? -Overproduction - ? -"Sick" industries - ? -Cost of Living - ? -Unequal Distribution Wealth - ? -Unsound loans - ? -Decline int'l trade - ? -Tight fiscal policy - ? -Speculation - ?

Hoover Adminstration Rugged Individualism -No Big Gov't -Hurts Economy -Impacts personal liberty -High tariffs -Low taxes -Free enterprise -Balanced Budget -The Anti-Obama?

The near-term cause... Black Tuesday - 10/29 -Bubble? -Stock trading relates to earnings -Selling rampant -Prices plummet -Lose $15 billion wealth

Hoover's response -Normal business cycle -People fend for selves -No federal relief -Maintained tight fiscal policy some attempts to bring relief -Public Works -Reconstruction Finance Corp.

Roaring 20s Cultural Impact -"All that Jazz" -Flappers -"Lost Generation" -Sports figures -Morality of Era

Roaring 20s Political Developments -Democratic Split -Progressives v. Conservatives -Republican Party -Businessmen -"Old Guard" -Win Pres. elections