Roaring Twenties, Depressing Thirties, and World War II
Domestic Affairs: 1920s and 1930s
Post-World War I sentiment:
- Americans were weary of war and government control.
- Discontent over the draft, Espionage and Sedition Acts, and the Red Scare.
- Desire for a "return to normalcy" and isolationism.
The Roaring Twenties: Economic Boom
- Initial appearance of unending economic prosperity.
- Consumer economy driven by buying on credit through installment plans.
- Installment plans: paying for goods (e.g., washing machines, refrigerators, radios) over time with interest.
- Dangers of debt: consumers took on excessive debt, leading to an unsustainable boom.
- Impact on equilibrium pricing: credit inflated prices, disrupting the supply and demand curve.
The "Do-Nothing" Presidents
- Presidents Harding, Coolidge, and Hoover maintained inactive executive branches and high tariffs.
- Harding's corruption: Teapot Dome scandal and other issues. Died in office.
- Coolidge: took over after Harding's death, maintained an inactive role, and did not seek reelection.
- Hoover: considered the best of the three but was blamed for the Great Depression.
Impact of the Automobile
- Job creation in automobile production (Henry Ford, General Motors) through mass production.
- Demand for steel, glass, upholstery, lumber, and other components spurred economic growth.
- Automobiles changed American lifestyles: mobility, living locations, recreation.
- Infrastructure development: roads, bridges, service stations.
- Growth of suburbs: people moved away from urban issues.
- Urban sprawl and city expansion.
Consumerism and Appliances
- Electricity in homes drove demand for appliances (radios, washing machines, vacuum cleaners).
- Appliances as status symbols for the middle class.
- Purchased using credit/installment plans.
Advertising
- Creative but often untruthful advertising for appliances, automobiles, cigarettes, clothing, and other products.
- Use of publications and radio to reach consumers.
Women's Rights Movement
- Continued feminist movement from the Progressive Era.
- Emergence of the "flapper" as a symbol of the new woman.
- Challenging traditional female stereotypes in appearance and behavior.
Resurgence of the KKK
- Influenced by the movie The Birth of a Nation, the Great Migration, and the Harlem Renaissance.
- Broader scope: anti-immigrant, anti-Catholic, anti-Jewish, and anti-Black.
- Membership: reached 4,000,000 members.
- Decline in the late 1920s but resurgence in the 1940s and 1950s.
Sacco and Vanzetti
- Represented anti-immigrant sentiment; convicted of murder on weak evidence likely due to their Italian heritage.
Scopes Trial
- John Scopes taught the theory of evolution in Tennessee, violating the Butler Act.
- Trial as a clash between modernity and fundamentalism, radical change versus traditionalism.
- William Jennings Bryan (prosecution) vs. Clarence Darrow (defense).
- Scopes was found guilty and charged a nominal fine.
Eighteenth Amendment (Prohibition)
- Attempt to eliminate alcohol from American society.
- Lack of popular support (70-80% opposed).
- Rise of organized crime (e.g., Al Capone) due to illegal alcohol trade.
- Enforcement issues, corruption, and tax revenue loss.
- Considered a failure due to the rise of organized crime.
The Great Depression
More than just the stock market crash of 1929: while the stock market crash did trigger the great depression, the great depression started in 1927.
- The stock market crash marked the turning point.
- Economic data indicated the start of the depression in late 1927.
Causes of the Great Depression
- Overconsumption and debt from installment plans.
- Risky bank loans and depletion of capital reserves.
- Overproduction and overstated business assets.
- Buying stocks on margin (borrowing money).
- Lack of federal regulation: government inaction in monitoring stock market, banking, and business practices.
- Agricultural depression: farmers suffered post-World War I.
Impact of the Great Depression
- High unemployment rates (over 30%).
- Bank closures and home foreclosures.
- The Dust Bowl compounded problems by causing farm foreclosures and food shortages.
Hoover's Role
- Blamed for the Great Depression despite critical errors like the Hawley-Smoot Tariff.
- Hawley-Smoot Tariff: increased tariff rates, causing a global trade collapse.
- Bank closures: banks ran out of money, leaving people without their deposits.
FDR and the New Deal
- FDR elected in 1932, inaugurated in 1933, promising a "New Deal".
- Shift in the role of the federal government: Americans now expected the government to fix problems.
Three R's of the New Deal: Relief, Recovery, and Reform
- Relief: providing aid to those affected by the Depression.
- Recovery: helping the economy to recover.
- Reform: preventing future depressions.
- Alphabet Soup programs: AAA, CCC, NRA, WPA, APWA.
- Effectiveness: The New Deal did not end the Great Depression; World War II did.
Fireside Chats
- FDR spoke directly to Americans via radio to ease tensions and anxiety.
- Encouraged people to trust banks and be patient.
Social Security
- Established in 1935.
- A long-term New Deal program that continues to this day.
Court Packing
- The Supreme Court challenged the constitutionality of New Deal programs.
- FDR proposed increasing the number of Supreme Court justices to gain favorable rulings.
- The plan failed, but the court became more pro-New Deal afterward.
Foreign Policy and World War II
Isolationism?
- Despite claims of isolationism, the U.S. remained engaged in international talks.
- The U.S. had overseas territories and trade alliances.
- Washington Naval Conference: limited naval power.
- Kellogg-Briand Pact: outlawed war.
Rise of Fascism
- Mussolini, Hitler, and Hirohito.
- The U.S. initially dismissed the threat as a European or Asian problem.
- Economic uncertainties led to the rise of fascist rulers.
- Appeasement: Britain and France tried to appease Hitler, allowing him to grow his war machine.
- Appeasement only makes the aggressor more aggressive.
Neutrality Acts
- Based on the Nye Committee hearings, which blamed business interests for U.S. entry into World War I.
- The acts aimed to prevent U.S. involvement in foreign conflicts.
- FDR's hands were tied despite knowing the need to help allies.
Non-Aggression Pact
- Hitler and Stalin signed a non-aggression pact, which Hitler later violated to seize Soviet oil fields.
Entry into World War II
- After Poland and France fell, the U.S. began to aid allies, boosting the economy.
- Selective Service Act: drafting people before Pearl Harbor.
- Pearl Harbor (December 7, 1941): 3,000 Americans killed and The US joined the World War II.
Manhattan Project
- Developed atomic bombs.
- Used on August 6 and 9, 1945, to end the war in the Pacific.
Two Fronts/Wars
- Europe: high-altitude bombing from 1942-1944, D-Day invasion (June 6), pushing back the Nazis, and Hitler's suicide.
- Pacific: island hopping, naval warfare, and the use of atomic bombs.