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1920’s In general - Roaring 20’s
The War is over - men are coming home ready to celebrate
businesses were making war materials but now they can make consumer goods again
lots of buying things “on time” —> (Consumers would pay a small down payment and agree to pay the remaining balance over a period of months or years, often with added interest.)
advertising begins (flyers, posters, newspaper)
radio, automobile, appliances to make life easier (washing machines)
1920’s Politics
Harding (1920-23) and Coolidge (1923-28) - both Republicans, returned to the Gilded Age practices
Andrew Melon - Secretary of Treasury who believed in trickle down
Herbert Hoover - secretary of commerce
1922 Fordney McComber - increase to tariff 38%
conservative + laissez faire
monopolies grow
SCCJ - Taft
Election 1928
Rep - Herbert Hoover (1929-33)
Dem - A Smith (Catholic, Irish, Tammany boss) - Amer strongly disliked this candidate
Hoover: “Poverty will be banished and everybody ought to be rich”
1929 Short term Causes of Great Depression/ Wall Street Crash
Bull Market - 1920 stock price and value increased (name for the strong stock market), people thought that if you are in stocks you will make big money and it will pay off
Buy stocks “On the Margain” —> This technique allowed amateur investors to purchase more stock than they could afford, driving up stock prices artificially + in 1929 Crash Trigger: When stock prices plunged, brokers issued "margin calls," forcing investors to pay back loans immediately, leading to forced selling, further crashes, and bank failures.
Bankers become brokers - banks were privately owned and when people gave them their money they could use the money and invest it into the stock market, and when it made money they could pocket the profit made
Over speculation of the stock market - people were gambling and buying things they don't have the money to buy
Oct 1929 - Black Tuesday - stock crashed - the stock had a decrease which made people panic (the people who were in the know and could see this decrease coming already and felt like they had to sell their stocks so they had already done so other people began finding this out, causing everyone to rush to sell their stocks at the same time and the market crashed in on itself
Long Term Causes of Great Depression
Weak/Sick Industries - those who once made a lot of money that didn't anymore
Cotton - was replaced by synthetics during the war
RR - replaced/overlooked by better forms of transportation (cars + planes)
coal
Overproduction - durable goods and underconsumptioj
there were less consumers also because of immigration limitations
Income Inequality (disparity)
½ people lived below the poverty line
Unstable Banking - mismanagement and stock usage
Weak International Trade
war ended and other countries don't need us as much
1930 Hawley Smoot Tarrif - 60%
Great Depression
1932 22% banks closed
thousands businesses closed
unemployment 25% (13mil)
Blacks and immigrants hit the hardest especially unskilled laborers
total wages dropped
Herbert Hoover’s responses to the Great Depression
Federal Farm Board - gave 500mil to farmers
Voluntary help
urged to not lay off workers
secured no strike pledges
contribute to charities
Public Works - 750mil + Hoover Dam
Freeze International Debt - ask other countries to not collect our debt
Reconstruction Finnance Corp
500mil for loans to businesses and banks
300mil to states
1932 Bonus Army
WWI vets plea for early payout
sent troops to stop protest and set their protest town on fire
Election 1932
Dem - Franklin Roosevelt (born wealthy, lawyer): “I pledge you, I pledge myself to a new deal for the American people”. He promised:
balanced budget
gov aid for unemployement
repeal of prohibition
Rep - Herbert Hoover (self made millionaire). He promised:
higher tarrifs
use of gold standard (. The government guarantees conversion of paper money into gold at a set price, ensuring money supply is limited by physical gold reserves, which prevents uncontrolled inflation)
free enterprise (an economic system in which private business operates in competition and largely free of state control.)
Roosevelt wins - picked up Afr Amer votes. Marries Eleanor Roosevelt who has a newspaper column, active 1st lady, spokesperson for the UN
FDR Inagural: “the only thing we have to fear is fear itself”
20th Amendment 1933
Pres, VP, and Congressional terms begin in Jan instead of March
21st Amendment 1933
Repeals prohibition (18th amendment)
FDR’s Administration
“brain trust” - unofficial people who will give him advice
Frances Perkins - sec labor, 1st female cabinet member
Cordell Hull - sec state
Fireside Chats
used by FDR: Using radio to brodcast his ideas and plans to the American people
The New Deal = FDR’s Domestic Policy (3R’s) Overall
Relief - short term - the food bowl to provide temporary relief to people out of work
Recovery - med term - twin pillars (NRA + AAA)
Reform - long term foundation for US Econ
Run on Banks
When people find out the banks is on the verge of closing so they run and get their money back but the bankers misused their money so they shut the doors on them
Bank Holiday
When the federal government required every bank to close until fed gov could check their solvency (meaning that their $ was there and that the bank was operating on good faith)
Were we on the gold standard
No - transitioned the dollar to a fiat system, where money is backed by government trust rather than physical gold. This allows the Federal Reserve to freely manage the money supply, lowering interest rates and printing money to combat economic crises, but it also enables increased inflation, government debt expansion, and lower purchasing power - this creates elasticity and increases the money supply.
Emergency Banking relief act 1933
Calls for bank holiday - told people he would reopen banks soon, many mid class began to like FDR
Glass Stegal Banking Act
Prohibited banks from investing savings diposits in the Stock Market and establishes the federal deposit insurance corp FDIC
Federal deposit insurance corp (FDIC)
Ensured bank deposits in all banks were members - if the bank closes, gov will pay you back your lost $
Securities and exchange commission (SEC)
Eliminate fraud in the stock market - protest stock market investors
Relief program goals
get people back to work to get them $ to feed their families
not meant to be long term
created jobs
created to last just long enough to get people back on their feet
Civilian Conservation Corps (CCC) 1933-42
Put young men to work, created an agency controlled by the war department to oversee, have men work on environmental projects, 30$ month and lived in barracks and fed so it allowed them to send all the money to the families
Federal Emergency Relief Admin (FERA)
Gave people jobs and provided 500mil in aid
Works progress admin (WPA)
Create jobs, build hospitals, schools, airports, gave artists job (federal money for federal projects)
Public works Admin (PWA)
build schools, dams, refurbishing gov (money for the states and local governments)
Relief Farmers:
goal to eliminate surpluses
pay farmers to not grow as much and give them subsidies
the gov taxed food processing plants to pay the farmers which was very controversial
Agriculture Adjustment Administration (AAA)
Help farmers who are overproducing
Butler v US 1935
ruled regulatory taxing of the AAA was unconstitutional
fed gov cant tax business that bought agric products to pay farmers
The Dust Bowl
Over production in the Great Plains and overgrazing w/o taking care of the land destroyed the environment and drought, causing mass dust clouds
Dorothea Lange
Take pictures of people to show what americans were going through in the Great Depression
CCC has their men go and plant trees to help this dust bowl
What happened to gov control in the New Deal?
It increased as federal agencies became massive and was very exspensive
National Industry Recovery Act (NIRA)
goal of this act was to get the industry back on track and designed to prevent:
extreme competition
overproduction
labor management
Sent representatives to Board to write codes of buisiness:
max hrs
min wage
min price set
production quotas
Section 7a: workers right to collective bargain protected (unions and owners to agree on contract) + yellow dog contracts forbidden
National Recovery Administration (NRA)
This administration enforced codes, if businesses followed the codes they would get blue eagle sticker to display on the front door of their shop
this really hurts small businesses because they don't have the resources to follow the codes
Schechter v US 1935
Supreme court case that determines the executive branch cant set codes/make legislation (only Congress) (shuts down NRA)
Wagner Act
This follows 7a of NIRA (workers right to collective bargaining and ban yellow dog contracts)
another labor Union legislative support
Congress of Industrial Organizations (CIO)
head is John Lewis
used sit down strikes
Tennesse Valley Authority (TVA)
this was an experiment on regional planing
reform monopoly on utilities
hydro electric powerplant built Muscle Shoals, TN
provided jobs, electricity, fixed flooding, erosion, reforest
seen as leaning towards socialism
(1933 as a federal corporation to provide affordable electricity, manage natural resources, and drive economic development)
Federal Housing Administration (FHA)
foundation of mortgage loans
gave out loans for homes and rennovations if person put 10% down
practiced red lining = minorities couldn't get loans
Social Security Act
provided:
unemployment beneits
old age pensions
$ for dependents (under 18 if parents die)
$ for disabled
Indian Reorganization Act 1934
Known as the “Indian New Deal”
repealed Dawes act 1887 - if you can improve the land you can live there
restores reservations
allows NAI cultural practices
1924 NAI became citizens and were counted in the census
What was a critic of the new deal (politically)?
It was seen as too close to communism
1936 election
In this election a new Democratic party coalition formed
added Afr Americans, city machines, S, intellects, mid class
Dems - FDR
Rep - Landon
Court Packing scheme 1937
This was a political effort to increase the number of justices on the Supreme Court, usually to change its ideological balance and obtain more favorable rulings - made by FDR where he got the Dems to propose Judicial Reorganization Bill ‘37 which said that justices 70 and up retire or the president can appoint a new justics
6/9 justices at the time were 70 and up (he wanted the Dem majority)
people called him a dictator for this
(FDR's 1937 Plan:
President Franklin D. Roosevelt proposed adding one new justice for every incumbent justice over the age of 70, capping at six, after the Court struck down several New Deal programs.
"Switch in Time": The plan faced heavy criticism and failed, but likely pressured the Court to start upholding New Deal legislation in what was called "a switch in time saved nine".)
Washington Naval Conference 1921+22
The US holds this to address naval buildups before WWI
Br, US, Japan, Fr, Italy
5-5-3 Battleship tonnage ratio (US-Br-Jap)
1924 Dawes plan
The allies owe the US 16 bil and they want us to forgive them so they don't have to pay
We loan 2.5bil to Ger gov so they can repay Br and Fr so then Br + Fr can repay us
Kellog-Briand Treaty
Between US + Fr - denounce war (unless pushed into it) (signed by 62 other nations)
What role did the great depression play into the road to WWII?
it dragged the world down and lead to the rise of totalitarian dictatorships
Good Neighbor Policy
shifted U.S.-Latin American relations toward non-intervention, reciprocal trade, and cooperation rather than military force. Aimed at building hemispheric solidarity against rising global tensions, it withdrew troops from the Caribbean and abrogated the Platt Amendment
Secretary of State Cordell Hull
reciprocated trade agreements which were bilateral (he went to each country and negotiated tariffs - what they tariff us is what we tariff them)
Rise of Facism Totlitarian 1922-30s
Italy - 1922 Mussolini: creator of the fascist party, anti-comm, expansionist, use black shirts
Germany - 1933 Hitler + Nazi party: dictator, Holocaust, final solution
Japan - 1930s Militarism + Japan: they want raw materials to expand, the mil there took over the gov, big expantionists
USSR - Stalin - communist totalitarian
In 1931 Japan invaded Manchuria - they withdrew from the LON because they were being penalized
Neutrality Acts - 1935, 36, 37
Said that we wont send arms or loans to warring nations + no Amer travel on ships of warring
1937 Cash and Carry
We will sell non military stuff - if we get cash and come to the US to get it
1937 Quarantine Speech
Speech given by FDR after japan launched full scale attack on S China - it said we should decrease aggression with economic sanctions (referring to aggressive nations)
WWI (from 1937-38)
us Econ increased (we sell non war materials with cash and carry)
unemployment decreased
end Great Depression
Arsenal of Democracy speech
Made by FDR, said the the Nazi aim was world domination, questioning if we can remain neutral, US will be a warehouse of allies
Sept 1940
destroyer bases deal - us give 50 of our wwI Battle ships to Br and they give us access to 8 Br naval bases
committee to defend America - war organization who want in the war - called internationalists
vs
America first comittee - led by Charles Lindbergh and who doesn't want the war: “eng will fight to the last
Four freedoms Speech 1941 jan
Speech by FDR to protect:
freedom of speech
religion
want Econ soundness
fear (from Nazi’s)
Lend Lease Act
This act gave mil materials to any nation that government deemed vital to US security - they can pay us back later
people called this the blank check (this is no longer neutrality - 1941 = not neutral)
Atlantic Charter 1941
churchill and FDR secretly meet - they will do no territory changes when Ger defeated (give countries their land back)
form new system for general security to replace LON (United Nations)
Pearl Harbor 1941
Japanese bombing on American soil - 8 battleships sunk, 188 planes, 10 ships, 2,5000 American died
lead to the Dec 8th declaration of war
Hitler and Mussolin declare war on US couple days later (war becomes 2 fronts - Asia + Euro)
this event was said to have “awoke a sleeping giant”
Selective service act
drafted men 18-65 yrs old
Double V-camp
demanded full civil rights at home and fight abraod
Tuskegee airmen (all black)
Women- WACs + Waves (names of their units) - women never on the frontline but can be pilots and bring cargo
How did NAI helo aid WW2?
The Navajo code talkers - formed a code that none of the other countries could break and helped to communicate secret messages for the Americans
What were Japanese people’s role in WW2?
Thousands of them served in the armed services, our military forced them into the dessert (people who don't serve)
Office for war mobilization
Created to increase war production
War Production board 1942
Regulated the use of raw materials, produced propaganda - radio use, posters
½ of US factories create war materials
Women on the Homefront
5mil joined the labor force
Rosie the Riveter (we can do it
minority of females worked in munition
family income increase (still paid less than 2/3 of what men get paid)
Society believed that men should receive a “family wage” + women taking jobs away from men
Subelt migration
S part of Amer, as we see new factories during WW2
population power shift fro NE to SW + S influence society and politics (electoral votes)
Office of Price Administration (OPA)
ratioining of resources: mandatory and not voluntary like in ww1
certificate plan: buy bigger ticket items = have to apply to local rationing board
coupon plan: coupon books to buy meat, coffee, sugar, and gas
Funding ww2
tax increase + expand graduated income tax
3/5 war borrowed (war bonds) 185 bill off of this
lots of propaganda
Office of Scientific research and Development (OSRD)
Manhattan project 1942 - research all aspects of building an atomic bomb
Albert einstein + Enrico Ferni warned FDR 1939 that Ger was working on a bomb
Scientist Robert Oppenheimer tasked to build atomic bomb in Los Alamos, New Mexico
build more complicated sonar and radar
bomb tested - “trinity test” in New Mexico
A Phillip Randolph
Father of civil rights movement with 3 demands:
access to defense jobs (pay more)
desegregation of armed forces
end segregation in federal agencies
President of the “Brotherhood of Sleeping Car Porters” - union
Detroit Race Riot 1943
Event where 25 blacks and 9 whites died
6,000 federal troops sent - much property damage
(a violent, three-day racial conflict from June 20–22, 1943, in Detroit, Michigan, driven by wartime overcrowding, segregation, and intense competition for housing and jobs.)
March on Washington Movement
Movement led by Randolph that proposed a march on DC in ‘41: FDR concerned so issues an executive order 8802
establish fair employment practice committees (FEPC) to investigate violations in defense industries - never passed (Randolph cancels the march as a result)
post WW2 - Randolph’s pressures led to Pres Truman desegregation of armed forces
Bracero program 1942
fed gov needs farm workers - issue short term work permits to Mexican workers (after US gov went to Mexican gov for mexicans to come to america to work our farms)
we deported ½ mil Mexicans in the Great Depression
this agreement would expire in 47 and people will be getting deported again
Zoot Suit Riot
Young Mex Americans targeted by white Military, press connected zooters to crime (clothing set them apart b/c people believe its too much fabric that could be used for the war effort)
in 1942 at nightclub in LA - white men go out on spree of zooters
Japanese Internment
war dept after pearl harbor deemed all Jap Am as potential 5th column threat + believe they might sell info to Japan
FDR issued Executive Order 9066 - began relocation of Jap Americans
gave the Japanese 48 hours to dispose of their belongings, 10 camps in 7 states
remained there for the rest of ww2
Korematsu Case 1944
Supreme court case - Mr korematsu who lost a lot of his possessions during internment + supreme court uphold internment + that this was legal
eventually give $ to Jap Amer in 80’s + 90’s
D-Day Invasion of Normandy (June 6th, 1944)
Known as “operation overload”
general Dwight D eisenhower
storm beaches on Normandy Coast
try to break Nazi Atl wall
we successfully liberate Paris Aug ‘44
push back to Berlin - Ger collapsing on itself, soviets convince us to let them go 1st, Hitler commits suicide in Apr 1945 because he was losing
Pacific Theater + end of the war
Midway - turning point in the pacific
broke the Japanese code before the battle - J on the defense
Island Hopping - neutralize J strength by skipping less significant islands - goal to push J to mainland
Iwo Jima + Okinawa: savage fighting, high casualties on both sides, bloodshed influenced usage of atomic bombs
Conventional bombing of J mainland (Tokyo) destroyed 60% infastructure
1944 Election
Dem (liberal) - FDR with his new running mate HS Truman (pulled mid-west vote, moderate Dem)
Rep - T. Dewey
Apr 12, 1945 FDR died and Truman became the president
Postdam 1945 July
Conference with Truman, Stalin, Atlee (br)
warns to surrender or face utter destruction - which J ignores
we drop the 1st atomic bomb
Hiroshima
8/6/1945 bomb called Little Boy - 80,000 dead
Nagasaki
8/9/1945 - bomb called “Fat Man” , 60,000 dead
8/15/1945 Japan surrenders
Why did we use atomic bombs
save countless lives (our civilians and mil)
intimidate SU (Stalin)
Holocaust
6 mil Jews died in the “Final Solution”
Americanism of 1920 - hunt Jews (we don't let many immigrants in at this time)
US armed forces - literate camps - see 1st hands the atrocities and horror of concentration camps
Roots of Cold War
Us Viewpoint
Stalin promise of “free - yet he was creating “sphere of influence” dominated by Moscow
want new markets and fuel
want democracy to spread
SU Viewpoint
bitter that the US didn't open the front in the E + as a result the Soviets faced the bront of the Nazi’s until ‘44
US terminated land-lease to SU (didn't lend to SU)
want “buffer zone” between them and germany
Churchill’s Iron curtain speech 1946
Said that Europe should be divided into 2 spheres (Dem vs Comm)
warn the US
Shaping Post World War
International Monetary fund + world bank = loans and econ growth - trying to set up world to function economically
UN - 1945 general assembly + security council (5- US, USSR, China, Br, Fr) + 7 other countries that would rotate onto the council every 2 years
Nuremberg + Tokyo war crimes tribunal - held Nazis and Jap accountable for crimes against humanity
Partitioning
Ger : 4 zones (SU,Fr,Br,US), W vs E the SU didn't want to help the people of Ger rebuild + Berlin gets divided into 4 zones as well
Japanese occupation - 7yrs led by D.Mac Arthur - wrote a new constitution that mirrors ours
denounced the millitary