- Section 2 Desire For Normalcy Section 3 Booming Economy

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- Section 2 Desire For Normalcy Section 3 Booming Economy The Roaring Twenties - Section 2 Desire For Normalcy Section 3 Booming Economy

President Warren G. Harding Elected President in 1920 1st election that women were allowed to vote Promised a return to “normalcy” His cabinet was known as the “Ohio Gang” members were friends from his home state Supported Big business and lower taxes

Trouble with the Ohio Gang Cabinet members were very unethical: numerous scandals occurred (though Harding was considered very honest) Teapot Dome Scandal: Harding’s secretary of the Interior, Albert Fall, took bribes from oil companies in Teapot Dome Wyoming President Harding dies in office : August of 1923

Calvin Coolidge Assumes presidency after the death of Harding Attempts to clean up the mess from the scandals of the Harding administration Elected President in 1924

“The business of America is business” Supported a laissez faire theory of economics: Leave business unregulated and it will thrive Businesses grow and many Americans become extremely wealthy Did not support the farmers who were suffering from lower food prices because of technological inventions

Foreign Policies Like Harding he was an isolationist: Stay out of other nation’s problems Major peace effort was the Kellogg-Briand Pact of 1928: 15 nations agree not to go to war unless it was in self defense

A Booming Economy

Post war economics After WWI country suffered a recession (economic downturn) followed by a strong economic decade of 1920’s

Post War Economics After WWI country suffered a recession (economic downturn) followed by a strong economic decade of 1920’s

Technology Changes American Life America becomes very wealthy during the Roaring Twenties Average income rises greater then 35 % Automobiles have the greatest impact on 1920’s life Ford’s Model T was a very popular & affordable car

Ford perfects the assembly line production

Consumer goods on the rise Consumer goods are on the rise & most relate to electricity 60-70% houses have electricity fridges, radios, vacuums & stoves are hot sellers Companies spend $$ advertising in newspapers, magazines & on the radio in order to get you to buy their product Installment buying ( buy now pay later plans) were becoming very popular

Shopping Advertising entices people to buy products Fuel becomes readily available & affordable (petroleum & electricity)

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