1. Chapter 20 Normalcy and Shortsightedness Culture Wars
From Roar to Ruin

2. Normalcy Postwar problems Industrial slowdown Unemployment Farm income
Red Scare

3. Isolationism
General theme of American foreign policy in the 1920s

4. World Problems Maintain world peace Washington Naval Conference
Battleship ratio
Flaws

5. World Problems Kellogg-Briand Pact No means of enforcement
Latin America

6. World Problems Stabilize the world economy
Economic resources of Europe were devastated

7. World Problems Germany owed reparations to Allies
Allies owed debts to the United States

8. World Problems
Fordney-McCumber Tariff made it difficult for European nations to trade with the U.S.

9. World Problems U.S. lends money to Germany Circular flow of money
Dawes Plan

10. Presidents Warren G. Harding Won decisively Return to “normalcy”
Infamous scandals

11. Presidents Teapot Dome scandal Harding a weak president
Allowed free market to adjust

12. Presidents Calvin Coolidge “The business of America is business”
Popular president

13. Presidents Herbert Hoover Had been Secretary of Commerce
Defeated Al Smith in 1928

14. Presidents Stock market crash
Hoover believed in government intervention in the free market

15. Culture Wars Darwinism Marxism Albert Einstein Theory of Relativity
Sigmund Freud

16. Culture Wars Literature and art Prohibition Ratified by 1919
Volstead Act
Repealed in 1933

17. Roaring 20s Disregard for moral standards Weakened the family
Popularity of the frivolous, sensational

18. Heroes
Movies
Organized sports
Charles Lindbergh

19. Prejudice “New Immigration” Sacco-Vanzetti case
Blacks migrate to the North

20. Prejudice Marcus Garvey Harlem Renaissance Ku Klux Klan
Would claim to be on side of righteousness

21. The Faith Rise of fundamentalism The Fundamentals
Fundamentalist- Modernist Controversy

22. The Faith Anti-evolution crusade
Laws passed banning teaching of evolution
Scopes trial

23. The Faith Fundamentalism flourished in 1920s
Bible colleges and seminaries
Radio programs

24. Prosperity Optimism Automobiles Various types Installment plans
Social influence

25. Prosperity Radio KDKA New material possessions
Electricity increasingly available

26. Prosperity
Electric appliances
Telephones

27. Prosperity Spending spree Advertising Mass consumption Speculation
Land
Stocks

28. Prosperity
Bull market
Buying “on the margin”

29. Bust Stock market begins to sag in October 1929 Panic selling
Black Tuesday
Stock market crash

30. Depression Four separate depressions Causes
Cumulative consequences following WWI

31. Depression Causes Government’s pursuit of reckless monetary policies
Abandons easy money policy in mid-1929

32. Depression Causes Smoot-Hawley Tariff of 1932
Retaliation by other countries