The Roaring Twenties an American Identity----The Roaring Twenties the Economy

Flappers

Young women who wore short dresses, a bob, and wanted to have fun

Mass media, radio, newspaper, and later television

Allowed communications to reach larger audiences

Prohibition

Led to the creation of speakeasies and gangsters

Harlem Renaissance

Was created by mass migration of African Americans from the South

Nativism

Led to the Immigration Act of 1924 which set quotas based on country of origin.

The First Red Scare

Was a perceived threat of communist revolution in the US

Led to the Palmer raids against suspected communists

Revival of the KKK

Occurred as hostility toward immigrants, communists, Catholics, Jews, and African Americans

Fundamentalism

A strict, literal interpretation of the Bible. The Scopes Trail was over the teaching of evolution

Congress

Limited immigration from Southern and Eastern Europe because of nativist concerns and growing xenophobia

Tulsa, Oklahoma

Was the site of a race riot in 1921. Was also called Black Wall Street because it was a symbol of economic hope due to entrepreneurial spirit

Jim Crow Laws

Helped fuel the Great Migration

Stocks

Allow people to own part of a company

Stock Speculation

Occurred when people bought stocks on the margin hoping for stock prices to increase

Consumerism

The idea that a culture focused on consumer purchases creates a good economy

Easy credit

Allowed people to buy high priced goods

Installment plans

Allowed consumers to pay monthly payments for high priced goods

Federal Reserve

Lowered interest rates which made it easier to buy goods

Overproduction

Led to lower prices which made it difficult for farmers and companies to make a profit

Income disparity

Refers to the difference between the income of the richest one percent and the rest of the population