History exam 3:
1920s america the Roaring twenties:
Prosperity, culture, change, and contradiction (1920s-1929)
Nicknamed: Roaring twenties/ jazz age
Post ww1 boom after war and flu pandemic recovery
Shift: Rural tradition to urban modern consumer society
Key themes: optimism, excess, hidden cracks
Republican dominance âReturn to normalcyâ
President: Harding (1921-23, scandals)
Coolidge (1923-29, pro- business)
Hoover (1929, crash)
Laissez fair: low taxes, limited regulation
Isolationism: rejected league of nations
â Age of prosperityâ: rising wages, low unemployment (for many)
Mass production: Assembly line, electricity, consumer goods
Key industries: Autos, radio, appliances
Rise of credit and advertising - mass consumption
Uneven: Farmers struggled
Automobile explosion: Model T - suburbs, roads
Aviation milestone: Lindberghâs 1927 solo Atlantic flight
Radio: national culture and entertainment
Household tech: Refrigerators, vacuums
19th amendment (1920): women vote
Flappers: Short hair/ skirts, smoking, dancing, independence
More women working, challenge norms
New freedom in dating and social life
Jazz age: Born in New Orleans
Louis armstrong, duke ellington
Hollywood boom: silent films- talkies (1927)
Sports heroes: Babe ruth, Jack dempsy
Dances And fads: Charleston, dance marathons
Great migration: Black to northern cities
Harlem explosion: Art literature, music
Key figures: WRiter and poet langston hughes, writer zora neale hurston, jazz duke ellington
Celebration of black identity
18th amendment (1919-33) banned alcohol
Results: Speakeasies, bootlegging, organized crime
Gangster: AL Capone and rise of mafia
Widespread hypocrisy and corruption
Roaring twenties:
KKK resurgence: anti- immigrants black catholic
Nativism: 1924 immigration quotas- new law restricting immigrants - target eastern and southern europeans
Radical violence: Tulsa massacre (1921)
Scope trial (1925): evolution vs religion
Stock market
Bull market
Stock prices steadily climbed throughout the 1920s
Margin buying
Middle class investing
Economy roaring
Frantic buying in 1920s
Stock prices separate from the value of company
Economy begins to weaken
Before the stock crash when did the American economy begin to cool off? 1928
According to a top investor when a shoe shine boy is giving stock picks its time to do what? Sell out
When do most stock market crashes occur? september/ october
In the worst single day how much did the stock market lose in value? 14 billion
Who was worse in the short run? Small investor
Stock prices begin to fall in september1929
Crash in october 1929
Black tuesday october 29,1929
Great depression
Unemployment skyrockets
Thousands of banks collapsed
Individual; saving gone
Cause;
Abundance
âGreat glutâ too much production
Overexpansion of credit
High tariff- trade dried up
Effects
High employment
Homes and farms lost to foreclosure
Homelessness and hunger
Bread and soup lines
âHoovervillesâ
Makeshift towns of homeless people
Hoover and depression
What happened to local government and local charities relief efforts? They were overwhelmed
Hoover reluctant to use federal government
Reconstruction Finance corporation
Government loans to big business and some state governments
Hoover
In 1924 congress voted a bonus payment to world war 1 veterans
To be paid in 1945
Bonus army
In 1932 around 20,000 veterans converge on WAshington during the depression
Camped out and demand full bonus immediately
Vote failed in congress
Hoover ordered removal of those who refused to leave
Bloody confrontation- hoover hurt politically in election year
Election of 1932
Herbert hoover (r.)
Franklin roosevelt (d)
Roosevelt offers new deal
Roosevelt wins in landslide
Lame duck period between election and inauguration economy worsened
Banking catastrophe loomed
Roosevelt and the new deal
â only thing we have to fear is fear itselfâ
First hundred days
Intense burst of legislation
New deal â
Three R- relief, recovery, reform
Fireside chats
Emergency banking act 1933
Aimed to restore public confidence
Banks shut down for a weeklong bank holiday
Only solvent bank reopen
Firesides chats
Regular radio broadcast by Roosevelt
Roosevelt's way of going directly to the public
Built support for new deal legislation
New deal
Banking crisis dealt with first
Bank examiners determined bank health
Glass steagall banking reform act 1933
Banks prohibited from using depositors funds for risky investments
Federal deposit insurance corporation
Created by glass steagall
Independent agency of federal government
Insures bank deposits
Prevents bank panics
Securities exchange act 1934
Securities and exchange commission created
Stop fraudulent stock market practices
Greater transparency in market
Regulation and enforcement to determine stock manipulation
Example: trading laws established
The great depression
Noble experiment ends
3.2% wine and beer legalized first
21st Amendment 1933
Proposed in feb. and ratified dec. 1933
Only constitutional amendment ratified by special state conventions
Prohibition ended
âAlphabet soupâ new deal programs
Three- or four lettered acronyms describe most new deal programs
Civilian conservation corps
FDR created by executive order
For unemployed unmarried men between 17-28 years old
Helped shaped modern national and state park system
Federal emergency relief act 1933
Federally funded jobs for state and local government work
Civilian works administration
Emergency employment
Provided temporary jobs and paycheck
Tennessee valley authority
Massive federal project
Construction of dams and reservoirs on Tennessee river
Flood control and navigation improvements
Creation of cheap hydroelectric power
Covers parts of seven states
Over 2.5 million people living at the time
Provided jobs and creation of long term project
$13b
Works progress administration
Largest most ambitious new deal agency
Nearly every community in united states impacted by building projects
WPA included federal arts projects
Strawberry stadium
WPA project #3014
Dust bowl
Drought and wind = dust storms
Powdery topsoil in arid regions of the plains blown away
Large areas of the plains became uninhabitable
Caused by nature and manmechanized farming
Tens of thousands forced out
Steinbeck's grapes of wrath
Huey Long
Senator and former governor of Louisiana
Built thousands of miles roads in louisiana
Free textbooks and school lunches
Charity hospital established
National radio show âshare our wealthâ program reached millions
âEvery man a kingâ
5k for each family by taxing the rich
Proposed free college
Proposed old age pensions
Long: FDR new deal was not bold enough
Roosevelt worried long could be third party candidate
Long assassinated at age 42 in state capital sept. 1935
Long help inspired social security
Social security act 1935
One of the most far reaching laws ever
Retirement pension regular payments
Provided for federal- state unemployment insurance
Disability payments
Financed by payroll tax paid by employees and employers
Over 70 million people receive social security payments today
Wagner act 1935 National labor relations act 1935
Aimed to balance power between labor and management
Workers rights
Labor has right to organize and collective bargaining
Strike without employer retaliation
Government board established labor secretary
Oversees workplace rights
Election 1936
Franklin roosevelt vs alf landon
Moderate republican who accepted some new deal reforms
Republicans - franklin âDeficit â roosevelt
Republicans carried only two states
Landslide win for roosevelt
Democrats controlled both houses of congress
Twentieth amendment
Ratified in 1933 changed inauguration date to january 20
shorten lame duck period by 6 weeks
Roosevelt sworn in on jan. 20 1937
Supreme court a road block for new deal
Six of nine justices over the age of seventy
Roosevelt second term
Court packing plan
Supreme court ruled some new deal laws unconstitutional
Roosevelt implied justices were far behind on work
Proposed to add six new justices to supreme court
All new judges to be appointed by roosevelt
Roosevelt hurt politically
Court packing failed in congress
However the supreme court began to be more sympathetic to new deal
Fair labor standards act 1938 (wage and hours)
Minimum wage established
40 hour work week
Labor under 16 years old restricted
âRoosevelt recessionâ sharp downtown in economy in 1937
Became a little more difficult to pass new deal legislation
Mid-term election 1938
Republicans cut into large democratic majorities
National attention turned to internal affairs
Germany and japan
New deal momentum slows
Government soon transformed because of World war 2
World War 2
Neutrality Acts
Passed by congress in 1935,1936,1937,1939
Because of the rise of fascism in Europe and possibility of another war
Isolationist view still prevailed
Four laws in all temporary at first, later made permanent
Restricted trade with warning nations
Embargo of arms
Banned loans from U.S banks
âCash and carryâ provision
Causes of ww2
Problems with treaty of versallies
Germany left out of treaty negotiations
Everything on Germany
War guilt cause
Reparations payments
Restriction on military
Loss of territory
Economic problems and general dissatisfaction allows for the rise of fascism
Fascism
Benito mussolini
Gained power in italy 1922
Led the fascist party
Rise of Fascist Nationalistic and Militaristic Dictators
Difficult Life in post-world war 1
Radical extremism and the Nazi party
Born out of post ww1 conditions
Weimar republic
German government after WW1
Weimar republic failed
Nazi party slowly gained seats in German Parliament
Adolph Hitler
Leader of nazi party
Gained power in Germany 1933
German problems blamed on Treaty of Versailles and Jewish population
Mein kampf
Published 1925
Autobiography antisemitic manifesto of hitler
Wrote while in prison
Plans for german future
Labensraum
Living space needed for the aaryn race
Nuremberg laws 1935
Race laws against the german jews
Restriction on jewish population citizenship denied intermarriage denied
Hitler
Hitler embarked on remilitarization of germany
Remilitarization was violation of treaty of versailles
Rhineland
Area along french border
Hilter placed troops 1936
German troops in Finland a violation of treaty of Versailles
Austria
German speaking
Hitler born in austria
Annexed 1938 making austria part of germany
Sudetenland
Area of czechoslovakia
A few million german speaking residents
Hitler demanded sudetenland
Munich conference
September 1938
Hilter invited british P.M neville chamberlain and french president
Appeasement french and british give hitler what he wants
Hitler takes all of Czechoslovakia within six months
Nazi soviet nonaggressionpact
Aug
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