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

2. 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

3. 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

4. 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

5. “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

6. 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

7. A Booming Economy

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

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

10. 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

11. Ford perfects the assembly line production

12. 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

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