Salerno's Classroom Celebrates America!

U.S. History Chapters 22,23

AP Government Summer Assignment
AP Chapters 1,2
AP Chapter 3
AP Chapter 4
AP Chapter 5
AP Chapter 6
AP Chapter 7
AP Chapter 8
AP Chapter 9
AP Chapter 10
AP Chapter 11
AP Chapter 12
AP Chapter 13
AP Chapter 14
AP Chapter 15
AP Chapter 16
U.S. History Chapters 1, 2, 3
U.S. History Chapter 4
U.S. History Chapter 5
U.S. History Chapter 6
U.S. History Chapter 7
U.S. History Chapter 8
U.S. History Chapter 9
U.S. History Chapter 10
U.S. History Chapter 11
U.S. History Chapter 12
U.S. History Chapter 13
U.S. History Chapter 14
U.S. History Chapters 16,17,18
U.S. History Chapters 19,20,21
U.S. History Chapters 22,23
U.S. History Chapters 24,25
U.S. History Chapters 26,27
U.S. History Chapters 28,29,30
U.S. History Chapter 31
U.S. History Chapter 32
U.S. History Chapter 33
US Government Chapters 1,2
US Government Chapter 3
US Government Chapters 10,11,12
US Government Chapters 13,14
US Government Chapter 18
US Govt Chapters 19,20,21
Remembering 9/11/01
The Civil Rights Movement
Economics Chapters 1,2,3
Eco Chapt 9
Eco Chapters 6,7,8
Eco Chapt 13
Eco Chapter 15
Eco Chapt 21


The Roaring Twenties


Chapter 22

"The Jazz Age"

-The US never accepted the

Treaty of Versailles and never joined the League of Nations

-We made a separate peace with Germany.

Warren Harding -A Return to Normalcy

United States Foreign Policy


-US President refused to cancel war

debts made by the Allies

-Germany was forced to pay huge amounts of money

(war reparations)

-High Tariffs on European goods

increased American productivity

-American sale increased at home but decreased overseas

United States Domestic Policy

Prohibition - 18th Amendment (1919)

The Great Experiment

The Noble Experiment

a) Temperance-high rate of alcoholism

b) sobriety in the US Military

c) Conserve Grain - war effort

d) Automated Factories - machinery

e) An attack on German Americans


People drank anyway!

Open disrespect to the law

A business for organized crime

The Speakeasy

Prohibition was repealed with the

21st Amendment(1933)

1920's motto-

"Keep cool with Coolidge"

Calvin Coolidge (Republican)

"The Business of America is Business"

Less government control,

let business take care of itself

Government Helps Business

1) FTC - deregulation

2) Dept of Commerce - working together with business -Secretary of State Herbert Hoover

3) Supreme Court- challenges v Big Business usually dismissed

Comparing the 1920's to the 1980's

(Tax cuts to the wealthy,

Business incentives, deregulation)

Automobile - Tremendous effect on US

1) Assembly Line (Ford)

- increased efficiency, low costs, mass producing

2) Jobs - Plants sprang up all over the Country. Car related component production

3) Paved Roads- Highways, better roads, shopping centers

4) Suburbs - live outside of city and drive to work

5) Installment Buying - buy now and pay later.

**The beginning the Consumer Culture**

Refrigerator - reduced spoilage and allowed the public to buy more

Radio - united people (sports)

Dempsey v Tunney, Baseball Games, Babe Ruth

Phonograph - different styles of music, eg The Jazz Age

Movies - at first silent - talking

Clara Bow - Valentino

**Live in Westchester, drive to a New York Factory or office, go to Yankee Stadium in the Bronx. Travel on the Parkway system designed by William Ward.

Lou Gerhig - New Rochelle

Harry M. Stevens - Babe Ruth

Iona Grammar

Farming- always a problem. Cities were rich and prosperous, except certain areas(slums)

- At first, During WWI, farmers sold grain to both sides

- borrowed money to invest in new machinery to improve their productivity

- WWI ended, huge market vanished, sales dropped,

profits dropped

Loans were still there

-Socially - Better Healthcare

Diphtheria, Typhoid and the measles were controlled

-Education reached more people

-America enjoyed a higher standard of living



- an acute fear of foreigners

The Red Scare of the 1920's

A. Mitchell Palmer - Palmer Raids

Sacco and Vanzetti


The Stock Market Crash of 1929

A stock is worth what you are willing to pay for it.(usually determined by the companies performance and fundamentals). The price of a stock rises as more people want it.

Marginal Buying of the 1920's

Stockbrokers suggested "stock accumulation" on marginal buying

System works as long as prices rise.

They Did!

But they soon stopped and prices began to fall. = heavy losses

Investors had to cover their losses to the Brokers.

Banks called in their loans to Brokers

Banks called in their loans to public

many who invested in stock

The Result - Panic!!!!!!!!!!

In Sept,1929, banks stabilized market by investing in it

By Oct 1929, prices dropped because of heavy selling, bottom falls out

Causes of the Great Depression

The Domino Effect

1. Over expansion -

a) agriculture - the need for grain because of the war and foreign sales caused higher prices.(Inflation) overproduction - caused prices to drop (Deflation)

b) industry - Prices rose steadily(Inflation) and business thrived. Warehouses were filled. Overproduction. Too many goods produced. Prices drop(Deflation)

c) credit - installment buying was abused. Banks made loans for business expansion easily attainable.

2. Decline in foreign trade

a)caused by high tariffs


war debts and war reparations

b) foreign markets closed

3. Use of labor saving devices

a) fewer people were required to produce more.

Technology effect

b) output of worker increased 40% between 1920 - 1930.

Out of work people do not purchase non-necessities

4. Decline in purchasing power

a) income and wages did not keep pace with rising prices. The purchasing power of the population decreased and the need for labor decreased

5. Uneven distribution of wealth

a) during the prosperous 20's a good percent of the population lived in poverty. 40% of the nation's population lived in poverty.

The nation's 25,000 richest families did not put earnings back into the economy.

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