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Regents Review – The Roaring Twenties and The Great Depression
1920s and Great Depression Notes May 30, 2012 Regents Review – The Roaring Twenties and The Great Depression Quiz - Imperialism HW: Vocabulary – Civil Rights page 33 in packet and page in Review Book
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Economic Prosperity Automobile required new industry. Change in lifestyle. Mass consumption – buying on credit. New industries - household appliances.
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Prohibition Poverty, crime and a break down of families caused it to be passed. 18th amendment banned the sale of alcoholic beverages. “Noble experiment” Created organized crime 21st repealed the 18th because it was “unenforceable”
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Scopes Trial Tennessee outlaws the teaching of Darwin’s theory of evolution because it contradicted the bible. 1925 John Scopes, a biology teacher was arrested, tried and convicted of teaching evolution. Clash between new scientific thinking and older religious beliefs.
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New Values Women – flappers – Right to vote Marathon dancing
Heroes – Lindbergh – solos Atlantic flight, Babe Ruth Radio, movies
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Causes of the Great Depression
Speculation – buying on margin Overproduction on farms and factories Uneven distribution of income American tariffs protected American markets Stock market crashed. Dust bowl
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Results Relief, Recovery and Reform
Federal Deposit Insurance Corporation Securities and Exchange Commission Social Security Tennessee Valley Authority
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Hoover Laissez Faire Market would repair itself
Hoovervilles, Bonus Army March
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FDR New Deal – government has responsibility of improving the economy.
President’s job to find a way back to prosperity. Fireside chats.
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