ROARING TWENTIES. IROARING TWENTIES STOCK PRICES ROSE + HEALTHY ECONOMY. MORE GOODS PRODUCED THAN PEOPLE COULD BUY, WHICH IS NOT NECESSARILY GOOD. What.

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Presentation transcript:

ROARING TWENTIES

IROARING TWENTIES STOCK PRICES ROSE + HEALTHY ECONOMY. MORE GOODS PRODUCED THAN PEOPLE COULD BUY, WHICH IS NOT NECESSARILY GOOD. What does a surplus do to prices?

ACONSUMERS BEGAN TO BUY ON CREDIT 1 SPECULATION = RISKY INVESTMENTS IN HOPES OF A HIGH RETURN 2 GROSS NATIONAL PRODUCT = VALUE OF GOODS PRODUCED IN A YEAR 3 CONFIDENT OF CONTINUED PROSPERITY 4 FORDNEY-McCUMBER TARIFF - TAX ON IMPORTS

Florida real estate boom

B MOVEMENT TO SUBURBS OR URBAN SPRAWL ROADS + BOOMING AUTO INDUSTRY (FORD MADE IMPROVEMENTS IN ASSEMBLY LINE

TRAFFIC JAM NYC 1925

SUBURBS

CDECLINE IN FARMING – FACED HARD TIMES 1 RURAL BANKS WERE FAILING AGRICULTURE WAS NOT ROARING IN THE TWENTIES

IIAFTER WW I W. HARDING PROMISED A RETURN TO NORMALCY. HARDING SUFFERED TEA POT DOME SCANDAL - OIL + LAND

A COST OF LIVING CAUSING LABOR ISSUES Consumerism goes up Technology and production out duel labor unions

B RED SCARE - RESPONSE TO RUSSIAN REVOLUTION 1STRIKING WORKERS WERE ACCUSED OF BEING COMMUNISTS 2UNION MEMBERSHIP DECREASED Where is communism on the political spectrum?

CPROHIBITION – LED TO CRIME / SPEAKEASIES = HIDDEN NIGHT-CLUBS

Organized crime

1 FUNDAMENTALISTS – BIBLE SHOULD BE TAKEN LITERALLY Where are fundamentalists on the political spectrum?

DEDUCATION – SOME STATES BANNED TEACHING OF EVOLUTION - SCOPES TRIAL

EWOMEN - VOTE, HAIR STYLES, LIBERATED FLAPPERS Place these events on the political spectrum

CROCODILE FARM 1926

FHERO - BABE RUTH ( MADE MORE MONEY THEN PRES. SAID HE HAD A BETTER YR), CHARLES LINDBERG (NY TO PARIS)

MT RUSHMORE BEFORE CONSTRUCTION

1 A. EARHART FLIGHT ACROSS ATLANTIC

2 L. ARMSTRONG – JAZZ

3AMERICANS WANTED TRADITIONAL PURE HEROES WITH OLD-FASHIONED VALUES Know the political spectrum

4 AUTO - JOBS + URBAN SPRAWL SUBURBS POPULATION SHIFT! MOVEMENT OF GOODS, PEOPLE AND IDEAS

5 AIRPLANE - MAIL AND OTHER PURPOSES THECHNOLOGY INCREASES MOVEMENT OF IDEAS

GHARLEM RENAISSANCE – CELEBRATION OF THE ARTS/LITERATURE FOR AFRICAN AMERICANS

HKKK – INCREASED IN MEMBERS DURING TWENTIES

1BLAMED PROBLEMS ON IMMIGRANTS 2USED FEAR AS A TOOL 3MEMBERS COULD PROFIT FROM RECRUITING

GCOOLIDGE – “ AMERICAN BUSINESS IS OUR BUSINESS ”

J DOW JONES INDUSTRIAL AVERAGE / THE STOCK MARKET DROPPED SHARPLY IN RUN ON A BANK

BEARS HIBERNATEBULLS CHARGE

In October 1929 shares on Wall Street fell sharply following a speculative boom during the "Roaring Twenties". In two days the Dow Jones industrial average fell by 25% (ending on Black Tuesday, 29 October). The volume of stocks traded set a record that was not broken for 40 years. When it finally reached its record low in July 1932, the Dow Jones had fallen 89%, and it did not recover to 1929 levels until THE DOW JONES IS A STOCK INDEX OF 30 SIGNIFICANT STOCKS

2JOHN MAYNARD KEYNES SAID THAT GOVERNMENT SPENDING COULD HELP A COLLAPSING ECONOMY. LIBERAL OR CONSERVATIVE ECONOMIC POLICY?