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Post War Recession bust
followed afterwards with Inflation. From 1920-1921 Gross National Product declined 10%; 100k businesses went bankrupt; 453k farmers lost land; 5M Americans lost jobs etc. Gvt controlling too muchâ Democrat party being blamed. Employers also used recession to rescind rights for workers and unions + cut wages.
Trial of Socco and Vanzetti
; italian immigrants charged with murder with very little evidence â due to being âanarchistsâ they faced an unfair trial and we're sentenced to death unfairlyâ widespread protests and anger at the govt for letting this happen
Welfare capitalism
Standard of living rose for many workers due to this nw concept in which it had things like shorter work weeks, higher wages and paid vacations. business hoped this would quell unions and it worked as during the 20s unions declined
teapot dome scandal
scanndal harding was apart of
Causes of depression
only a few big industries such as railroad lack of diversifiaction, if they fell america would be not good.
Unequal distribution of wealth, lots of americans we're still poor.
Everyone was buying things on credit/loans instead of real money
overproduction was still a problem
Schecter vs US
declared NIRA unconstitutional and repealed everything which effectivley ended the first new deal