Chapter 8

Normalcy

life before the war and progressive reforms

Ohio gang

gave high level positions to friends and political allies from Ohio

Teapot Dome Scandal

Albert B. Fall allowed private interests to lease containing US Navy oil reserves

Forbes Scandal

sold medical supplies on side - cost $200 million

Mass Production

production of large quantities of a standard article bu an automated mechanical process

Assembly Line

a series of workers and machine sin a factory by which a succession of identical terms is progressively

Kelly Act

could fly mail through private contractors

Air Commerce Act

federal aid to build airports

Managerial Revolution

companies create departments (sale, marketing, accounting, operations) and managers handle day yo day operation to allow CEOs to focus in long term goals

Welfare Capitalism

companies allow workers to buy stock, participate in profit sharing and receiving benefits like health care and pensions

open shop

workers dont need to join a union

supply-side economics

cutting taxes

moratorium

pause

cooperative individualism

have manufactures create their own trade organization to share information w/ Federal government/ reduce costs, promote economic efficiency

isolationism

Americans left alone to pursue prosperity

Washington Conference

11/12/1921, stops post war arms race

Dawes Plan

American banks loan money to Germany to pay off Britain and France

Kellogs-Briand Pact

August 27, 1928 / treaty to outlaw war, 62 nations agree, no force behind it, but a victory for peace (settle all disputes by peaceful means)

Charles Lindberg

solo flight 1927, increase potential of commercial flights

Amelia Earhart

first women to fly solo across the Atlantic, first person ever to fly solo from Hawaii to the US mainland

Orville and Wilbur Wright

first flight Kitty Hawk NC

Guglielmo Marconi

Radio

Edwin Armstrong

FM Radio

Otto Rohwedder

bread slicer

Warren G. Harding

works through Ohio legislature, turning to normalcy, administration suffered from several scandals and lost the faith of the American people

Herbert Hoover

secretary of commerce

Calvin Coolidge

“keep cool with coolidge” takes over from vp to Pres in 1923 after Harding dies, aligns with prosperity and big business, economic growth

Andrew Mellon

secretary of treasury

Charles G. Dawes

banker and diplomat

Charles Evan Hughes

secretary of state

Social Impact of the Automobile

gave people more personal freedom access to jobs and services

Examples of new consumer goods

frozen foods, electrical razors, washing machines, gas stoves

Airline Industry

people saw as dangerous, flimsy in movies

Radio Industry

1926 - NBC (federal radio commission) 1928 - CBS (two companies sell ads, have popular programming)

Farm Crisis

technological advances create more product without increases in demand = lower prices/ cost still remain high

Henry Ford

assembly line

Robert La Follete

a charismatic politician who created major innovations in public policy, was the recognized leader of the Progressive Moment, launched National Progressive Republican League

Model T

one of the first mass production vehicles

Mass advertising

Appealing, persuasive messages (progress, style)

immunity

protection or exemption from something

Otto Rohwedder

Bread slicer