1. The Roaring 20’s

2. Shopping Activity Select any catalog you want
You have $10,000 in Credit to purchase anything you need.
Make a list of items and their cost.
Add up the total on the bottom of the page.
Shopping Activity

3. Post War Issues (Chapter 20 Sec 1)
Economic Adjustments
Wartime orders decreased
Workers wanted to protect their jobs
Nativism – Prejudice against foreign-born people
Isolationism – Pull away from involvement in world affairs
Post War Issues (Chapter 20 Sec 1)

4. Post War Issues Communist threat –
Political and economic system ruled by single party gov’t
Gov’t ownership of factories, railroads, major industries
No private property
Vladimir Lenin – Bolsheviks in Russia
Became USSR - Union of Soviet Socialist Republics
Post War Issues

5. Limit on Imigration Fear that immigrants would take American Jobs
Quota system – Emergency Quota Act of 1921
Limit immigration from each country
2% of 1890 #’s
Discriminated against Eastern and Southern Europe
Roman Catholic
Jewish
Prohibit Japanese Immig.
Limit on Imigration

6. During the War, the Gov’t wouldn’t allow strike that interfered with war effort (Total War).
Employers wouldn’t give workers raises
Adjust for post war production
Workers urged to join unions and strike
Striking workers labeled by employers as communists
Labor Unrest

7. Prohibition Alcohol considered the cause of corruption
Crime / Child Abuse / Accidents on the Job /
Rural South and West Led Mov’t
Women’s Christian Temperance Movement
Prohibition

8. Prohibition Keep soldiers from corruption during WW I
18th Amendment passed in Cong Dec 18, (Rat Jan )
Manufacture
Sale
Transport
Import / Export
…is ILLEGAL
Prohibition

9. Prohibition Volstead Act - Treasury Dept Speakeasy – Hidden saloons
Responsible for enforcing Prohibition enforcement
Speakeasy – Hidden saloons
Speak softly (easy) to avoid detection
Prohibition

10. You should have a list of items you have “Purchased” on your paper.
Calculate how much money you should earn per year if you are working full time (2080 hours/ year)
You should have a salary schedule for the next 5 years next to the total for your Credit Card
Shopping Activity

11. The 19th Amendment
Passed June 4, 1919
Ratified Aug 18, 1920
The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any state on account of Sex.
Women’s Suffrage

12. Scopes Trial Tennessee Law (March 1925) John T Scopes
Illegal to teach Evolution
John T Scopes
Biology teacher
Clarence Darrow – Scopes Lawyer
William Jennings Bryan - Special Prosecutor
Scopes found Guilty

13. You should have a list of items you have “Purchased” on your paper.
You should have a salary schedule for the next 5 years next to the total for your Credit Card
Calculate how long it will take you to pay off your CC by
Paying the minimum
Pay off 10 years
Pay off in 5 years
Pay off in 3 years
Pay off in 1 year
Shopping Activity

14. Impact of the Automobile
Automobile manufacturing increased
Financing increased
80% of vehicles owned worldwide were in US
1:5
car:people
Route 66
Urban Sprawl – Cities spreading out
Suburbs
Commute in car from farther away
Impact of the Automobile

15. Impact of the Automobile

16. Standards of Living Standards of Living increased
US owned 40% of worlds wealth
Electrical appliances
Refrigerator
Ovens
Washing Machines
Standards of Living

17. Production Increases Advertising prospered Production went up
People wanted to buy lots of “necessities”
Production went up
Production Increases

18. 1920’s Advertising

19. Installment Plan – Buy goods over an extended period
Banks provided $$ at low interest rates
“Enjoy while you pay.”
Buying Goods On Credit

21. Shopping Activity What have you learned about Credit
write out your response in the Writing assignment of your Week 16 Agenda
Attach your calculation worksheet to your Week 16 Agenda
Shopping Activity

22. The Harding Presidency (Ch 20 Sec 2)
GB and Fr. Still had to pay back $10 BILLION to the U.S. from the war
Sell goods to the US or collect money from Germany
Fordney –McCumber Tariff Act – 1922
60 % tariff on Imported goods Chemicals / Metals
…so GB and FR HAD to collect money from Germany
The Harding Presidency (Ch 20 Sec 2)

23. The Harding Presidency (Ch 20 Sec 2)
Germany defaulted (failed to make payments) on their debt to GB and FR
French marched into Germany Jan 1923
Occupation of the Ruhr
US investors lent Germany
$2.5 Billion
Dawes Plan
The Harding Presidency (Ch 20 Sec 2)

24. The Harding Presidency (Ch 20 Sec 2)
Started printing off money (unbacked)
Hyperinflation
The Harding Presidency (Ch 20 Sec 2)

25. American Industries Flourish Ch 20 Sec 3
President Calvin Coolidge ( )
Favored low taxes
Liaise Faire Economics– keep government interference out of businesses
Give businesses more credit
Expand business
High Tariffs
American Industries Flourish Ch 20 Sec 3

26. Shopping Activity Select any catalog you want
You have $10,000 in Credit to purchase anything you need.
Make a list of items and their cost.
Add up the total on the bottom of the page.
Shopping Activity

27. You should have a list of items you have “Purchased” on your paper.
Calculate how much money you should earn per year if you are working full time (40 hours/Week X 52 Weeks = 2080 hours/ year)
Starting wage = $?.??
Calculate in a %5 wage increase per year. Show your wages and annual gross income for the next 5 years
Shopping Activity

28. Calculate how long it will take you to pay off your CC and how much per month you will pay by:
Paying the minimum
Pay off 10 years
Pay off in 5 years
Pay off in 3 years
Pay off in 1 year
How much earlier will you pay off your debt by paying an extra $20 per month?
Shopping Activity