Prosperity, Depression, & War

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return to normalcy
Warren Harding’s campaign slogan during the Presidential Election of 1920; it meant a return to life as it had been before World War I

Coolidge prosperity
a term for the wealth & comfort of life in the 1920’s; it was characterized by expansion in business, expansion in the workforce, & expansion in the stock market during a period of laissez-faire

bull market
a stock market with rising prices; much of this rise in the 1920’s was due to the purchase of stock “on margin”

installment buying
paying for goods on credit (“buy now, pay later”); this helped create a shaky, hollow economy which grew more unstable as the 1920s continuted

Harlem Renaissance
a cultural movement in the 1920s led by African American writers, artists, musicians, & dancers centered in NYC neighborhood of Harlem; in their works, they expressed pride in black culture & black identity

flapper
the term for a young, emancipated woman of the 1920s; she wore short skirts & fake jewelry, bobbed her hair, & took up social vices such as smoking & drinking

Teapot Dome
a naval oil reserve in Wyoming that was the focus of a political scandal during the Harding administration; Secretary of the Interior Albert Fall accepted bribes from private oil companies in exchange for favors

Red Scare
a fear of communism that swept the country after World War I; it resulted in the arrest of hundreds of radicals & the deportation of foreigners

Sacco-Vanzetti Trial
A sensational trial of 2 Italian immigrants charged with burglary & murder; it helped to characterize the anti-immigrant feeling prevalent in the 1920s

klu klux klan
an anti-black, anti-catholic, anti-jewish, anti-immigrant group that grew to 5 million members in the 1920s; its revival was the result of the strong reaction against rapid change & mass immigration in the country

quota laws
a series of laws passed in the 1920s that sharply limited the number of immigrants entering the US each year

prohibition
an end to the manufacture, sale & transportation of alcohol in the US through passage of the 18th amendment & Volstead Act; it was a political attempt to regulate morality & it failed

Scopes “Monkey Trial”
a sensational trial held in Dayton, Tennessee in 1925; it represented a clash between religious fundamentalism (Biblical teaching on creation) & new scientific theory (evolution)

lost generation
the term for writers of the 1920s who portrayed dissillusionment & frustration over America’s pre-occupation with materialism; these writers included Sinclair Lewis & F. Scott Fitzgerald

Great Depression
the severe economic crisis that lasted from 1929-1941; general causes included overproduction, over-borrowing, over-speculation, unequal distribution of wealth, & a poor world economy

Black Tuesday
Oct 29, 1929; it was the day the stock market crashed; it marked the beginning of the Great Depression

trickle-down
Hoover’s philosophy of government stimulation of the economy; it begins with government programs to aid business

Hoovervilles
Shantytowns of unemployed & homeless people that appeared in the 1930’s; they were a sign of depression

Bonus Army
World War I veterans who came to Washington, DV in the summer of 1932 to demand payment of a government pension promised to them in 1926; the veterans were dispersed by the regular army

New Deal
FDR’s program of relief, recovery, & reform; it showed his willingness to regulate & reform the economy through direct government action

pump-priming
FDR’s philosophy of government stimulation of the economy; it began with government providing relief payments & temporary jobs to the needy

bank holiday
the first action taken by FDR after he took office in 193; it was designed to restore confidence in the nation’s banking system

deficit-spending
going into debt to cover expenses; it became a policy of the FDR administration & a reason for criticism by some Americans

court-packing
FDR’s attempt to change the makeup of the Supreme Court by adding 6 Justices (one for each Justice over 70); it was rejected by Congress

isolationism
a foreign policy designed to keep a nation in a neutral & unaligned status; the US returned to this policy after WWI

Washington Conference
a naval disarmament conference attended by the US & several other nations in 1921) it demonstrated American support for arms reduction & peace in the world

Kellogg-Briand Pact
A 1928 statement to renounce war “as an instrument of national policy”; it was signed by the US & over 60 other nations in an attempt to promote peace

Good Neighbor Policy
FDR’s policy to improve relations with Latin American nations; it included reciprocal trade agreements, cultural exchanges, & mutual preparedness

Storm Cellar Diplomacy
an attempt to avoid American involvement in foreign conflicts; it included Neutrality Acts passed in 1935, 1936, 1937, & 1939

appeasement
the policy of granting concessions in order to keep the peace; it was used in 1938 at Munich to try & satisfy Hitler & maintain peace in Europe

Destroyer-Naval Base Deal
an exchange of US ships for military bases in English-held territories in the Western Hemisphere; it demonstrated US aid to the Allied cause prior to our entry into WWII

Lend-Lease Act
a 1941 law authorizing the president to loan military supplies to England or any other victims of aggression; it followed FDR’s desire to become the “great arsenal of democracy”

CCC
provided jobs to young men to plant trees, build bridges and parks

TVA
built dams to provide cheap electric power to seven southern states

AAA
paid farmers to not grow certain crops in order to stabilize prices

NRA
enforced codes that regulated wages, prices, and working conditions

FDIC
insured savings accounts in banks approved by government

WPA
employed artists, writers, musicians, and others out of work

SSA
set up a system of pensions for the elderly, unemployed, and handicapped

SEC
authorized to regulate the stock market and stock transactions

NLRB
created by the Wagner Act; it guaranteed the right of labor to bargain collectively

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy The Red Scare was a nationwide panic that arose from the fear that ________________might seize power in the United …

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy Great Migration World War I-1940s African Americans move north in search of factory jobs 1920s Foreign Policy Avoid Conflicts …

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy Red Summer Refers to the race riots that occurred in more than three dozen cities (the most violent being …

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy In the 1920’s what did most Americans experience? Many people enjoyed a sense of prosperity.Refer to your answer to …

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy Herbert Hoover (R) an accomplished public servant nominated at the 1928 nominating convention Speculation practice of making high-risk investments …

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy the day of the stock market crash october 29th, 1929 black tuesday another name for the periodic expansion & …

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