Social Studies 1920s and Great Depression Review

Social Studies

Tariffs

Taxes imposed on imported goods to protect domestic industries and generate revenue.

Republican Economic Policies

Refers to a series of fiscal strategies endorsed by the Republican Party during the 1920s aimed at promoting business growth, reducing government spending, and implementing tax cuts.

Stock market

A system for buying and selling shares of publicly traded companies, known for its role in the economy.

Dow

Jones Industrial Average, a key indicator of stock market performance.

Dow Jones

A Man who created the average that tracks the performance of 30 significant publicly traded companies in the United States.

Stock Market Speculation

The practice of buying and selling stocks with the hope of making quick profits, often based on market trends rather than fundamental value.

The Roaring 20s

A period of significant social and economic change in the United States during the 1920s marked by cultural dynamism, economic prosperity, and innovations in technology and entertainment.

Henry Ford

An American industrialist and the founder of the Ford Motor Company, he revolutionized automobile production with assembly line methods and made cars affordable.

Ford model T

The first mass-produced automobile in the United States, introduced by Henry Ford in 1908, that made car ownership accessible to the average American.

The Great Depression

A severe worldwide economic downturn that lasted from 1929 until the late 1930s, resulting in widespread unemployment, poverty, and significant changes in government policy.

Depressions

a severe worldwide economic downturn characterized by high unemployment and widespread poverty.

Bonds

financial instruments used to raise capital, typically representing a loan made by an investor to a borrower.

Speculation loans

loans taken out to invest in potentially high-return areas, particularly in stocks, often leading to market volatility.

Stocks of 30 Companies

30 significant publicly traded companies.

Margin

paying a small percentage of a stock’s price as a down payment and borrowing the rest

Black Tuesday

October 29, 1929, when the stock market continued to decline after the initial crash on Black Thursday

Debt

an amount of money borrowed that must be repaid, often with interest.

interest

the cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid over a specified period.

Overproduction of goods

occurs when the supply of products exceeds demand, leading to unsold inventory and economic downturns.

Mechanized Farming

the use of machinery to increase agricultural production

Poverty line

the minimum income level necessary to meet basic needs such as food, shelter, and clothing.

Easy Credit

a financial system where loans are readily available, often leading to increased consumer spending and debt.

Fads

short-lived trends or interests that gain popularity

Harlem Renissance

period of rich cross-disciplinary artistic and cultural activity among African Americans

Prohibition

a nationwide ban on the sale and import of alcoholic beverages that lasted from 1920 to 1933

Womens suffrage

the right of women to vote.

Consumerism

the theory that an increasing consumption of goods is economically desirable

KDKA

in Pittsburgh, most often cited as the first radio outlet in the United States

Babe Ruth

United States professional baseball player famous for hitting home runs

Sports mania

an excessive enthusiasm or desire to watch or play in sporting events

Jim crow laws

local laws that enforced or legalized racial segregation

Bootleggers

illegal traffic in liquor in violation of legislative restrictions on its manufacture, sale, or transportation.

Speakeaises

place where alcoholic beverages are illegally sold during prohibition

Advertising

industry used to call the attention of the public to something, typically a product or service

Woodrow wilson

28th President of the United States, serving from 1913 to 1921

woodrow wilson's 14 points

Fourteen ideas primarily supported the idea of lasting peace and less suffering for German enemies

Warren G. Harding

29th President of the United States, serving from 1921 until his death in 1923

Calvin Coolidge

30th President of the United States, serving from 1923 to 1929,

Herbert Hoover

31st President of the United States, serving from 1929 to 1933

Talkies

Movies incorporating sound

louis armstrong

an African American trumpeter and vocalist.

Jazz

modern music originally developed by African-Americans, with a rhythm in which the strong notes often come before the beat

Suburbs

an area of lower density population that surrounds a large city or town commonly moved to during 1920s becoming a fad

Gross domestic product (GDP)

the most common measure for the size of an economy

Economy

the process or system by which goods and services are produced, sold, and bought in a country or region

Stock Crash

When numbers of stock investors decreases

Wall Street

a street in New York where the New York Stock Exchange is, and that is the financial centre of the US

Market shares

the portion of a market controlled by a particular company or product.

Investors

any person or other entity (such as a firm or mutual fund) who commits capital with the expectation of receiving financial returns.

Publicity

The quality or state of being public

Black Thursday

October 24, 1929, was the day the stock market crashed

The Bank Run

anxious depositors visited banks as they tried to withdraw their money before the banks collapsed. in 1929

Jack Dempsey

Profesional boxer of the 1920s known for bring together boxing

Red Grange

Profesinal Footballer of the 1920s brought the attention to football

flappers

Young women in the 1920s who symbolized the Roaring Twenties, challenging traditional norms with bold fashion

Modernarity

How mach something is modern or attentioned

Fireside chats

Informal and relaxed, the talks made Americans feel as if President Roosevelt was talking directly to them

Dust Bowl

The drought-affected south central United States in the aftermath of horrific dust storms.