Politics and economics of the jazz age
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Politics and Economics of the Jazz Age. Coach Presnell. Admin. Issues. WWI Homework Packet due today or Monday. 1920s homework packet due next Wednesday. Quiz returned on Monday. Objectives. Understand the political, social and economic dynamics of the 1920s and their effect on US History.

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Politics and economics of the jazz age

Politics and Economics of the Jazz Age

Coach Presnell


Admin issues

Admin. Issues

  • WWI Homework Packet due today or Monday.

  • 1920s homework packet due next Wednesday.

  • Quiz returned on Monday


Objectives

Objectives

  • Understand the political, social and economic dynamics of the 1920s and their effect on US History.

  • Understand the economy of the 1920s.

  • Determine the possible factors that led to the economic collapse of 1929.


Politics and economics of the jazz age

1920s Government Main Ideas

1920s Consumer Economy Main Ideas

Roaring 20s Main Ideas


The jazz age chapter 10 sections 1 and 2

The Jazz AgeChapter 10, Sections 1 and 2


The jazz age chapter 10 sections 1 and 21

The Jazz AgeChapter 10, Sections 1 and 2

The Harding Administration

PRESIDENT HARDING STAFFED HIS ADMINISTRATION WITH POLITICAL FRIENDS FROM OHIO; HIS PRESIDENCY WAS MARRED BY MANY SCANDALS.

(Page 362)


The jazz age chapter 10 sections 1 and 22

The Jazz AgeChapter 10, Sections 1 and 2

The Harding Administration

  • Former Senator elected in 1920 during the recovery from WWI, campaigns on “normalcy”

    1) A call for a national budget program (which was vetoed by his predecessor).2) National debt reduction3) Tax reduction4) An emergency tariff to protect American industry and farm commodities.5) Farm relief legislation (farm bankruptcies were up 20% from 1914).6) Immigration restrictions to protect American jobs.

  • Good appointments overshadowed by “The Ohio Gang”

  • Teapot Dome

    • $300,000 to Al Hall for lease of oil rich lands

  • Amidst other scandals in 1923, Harding dies


The jazz age chapter 10 sections 1 and 23

The Jazz AgeChapter 10, Sections 1 and 2

“Silent Cal” Takes Over

  • Opposite of Harding

  • Dismisses The Ohio Gang, keeps good Cabinet members

  • Policies continue prosperity found after WWI

  • Easily elected to President again in 1924


Check on learning

Check on Learning…

  • What was the Ohio Gang?

  • What was the Teapot Dome Scandal?

  • Explain Harding’s plan to “Return to Normalcy”

  • What kind of President was Calvin Coolidge?


The jazz age chapter 10 sections 1 and 24

The Jazz AgeChapter 10, Sections 1 and 2

Policies of Prosperity

DURING THE 1920S, THE GOVERNMENT CUT TAXES AND SPENDING TO ENCOURAGE ECONOMIC GROWTH.

(Page 365)


The jazz age chapter 10 sections 1 and 25

The Jazz AgeChapter 10, Sections 1 and 2

Andrew Mellon

  • Chosen to be Secretary of the Treasury

  • Three Goals

    • Balance the budget

    • Reduce debt

    • Cut taxes

  • Supply Side Economics


Check on learning1

Check on Learning…

  • What were the three economic goals of the Coolidge Administration?

  • What is supply side economics?


Confused

Confused?


The jazz age chapter 10 sections 1 and 26

The Jazz AgeChapter 10, Sections 1 and 2

Trade and Arms Control

DURING THE 1920s, THE UNITED STATES TRIED TO PROMOTE PEACE AND STABILITY THROUGH ECONOMIC POLICIES AND ARMS CONTROL AGREEMENTS.

(Page 366)


The jazz age chapter 10 sections 1 and 27

The Jazz AgeChapter 10, Sections 1 and 2

Trade and Arms Control

  • US now the dominant economic world power

  • The Isolationist view becomes outdated

  • Dawes Plan brings about European economic recovery

  • The Washington Conference ensures a period of peace

  • Kellogg-Briand Pact abolishes war


Check on learning2

Check On Learning…

  • What is the Isolationist view and why did it become outdated?

  • What did the Dawes Plan do?


The jazz age chapter 10 sections 1 and 28

The Jazz AgeChapter 10, Sections 1 and 2

The Rise of New Industries

MASS PRODUCTION AND THE ASSEMBLY LINE ALLOWED NEW INDUSTRIES, SUCH AS AUTOMOBILE AND AIRPLANE MANUFACTURING, TO GROW

(Page 368)


The jazz age chapter 10 sections 1 and 29

The Jazz AgeChapter 10, Sections 1 and 2

The Rise of New Industries

  • Ford puts production of his Model T on the assembly line

  • 1925, Ford Model T made every 10 seconds

  • Spawns imitators, GM and Chrysler

  • Rubber, steel, glass industries grow


Check on learning3

Check On Learning…

  • Who was Henry Ford?

  • What is a Model T and why is it important?

  • Explain how an assembly line works.


The jazz age chapter 10 sections 1 and 210

The Jazz AgeChapter 10, Sections 1 and 2

Workers Take Part in the Wealth

  • Better pay

  • Better hours

  • Paid vacation

  • Prices of manufactured goods goes down

  • All due to reduced manufacturing costs


The jazz age chapter 10 sections 1 and 211

The Jazz AgeChapter 10, Sections 1 and 2

Consumer Goods and New Products

  • More disposable income spurs on many new products

  • Home cleansers, personal hygiene become big concerns

  • For the first time, air travel becomes a business

  • Radio becomes a mainstay in American life, production soars


Madame cj walker

Madame CJ Walker


Check on learning4

Check On Learning…

  • How did workers begin to be allowed to participate in wealth?

  • What is disposable income?

  • What were some consumer goods and services that come about during the 1920s?


The jazz age chapter 10 sections 1 and 212

The Jazz AgeChapter 10, Sections 1 and 2

The Consumer Society

CONSUMER CREDIT AND ADVERTISING HELPED TO CREATE A NATION OF CONSUMERS.

(Page 372)

America transitions from a nation of thrift and savings to one of consumption.


The jazz age chapter 10 sections 1 and 213

The Jazz AgeChapter 10, Sections 1 and 2

The Consumer Society

  • New middle class emerges with increased wages and new managerial structures

  • Mass advertising emerges to attract new middle class consumers

  • 75% of radios and 60% of cars bought on credit, some become overextended


The jazz age chapter 10 sections 1 and 214

The Jazz AgeChapter 10, Sections 1 and 2

Welfare Capitalism

  • Profit sharing, stock options, pensions and health care emerge

  • Reduces the need for unions

  • Women, minorities don’t get to share in the new wealth

  • Farmers, meanwhile, stuck in a “Quiet Depression” throughout the 1920s


Check on learning5

Check on Learning

  • What is welfare capitalism?

  • What does it mean that the US became a consumer economy in the 1920s?

  • Who wasn’t sharing in the wealth?


The jazz age chapter 10 sections 1 and 215

The Jazz AgeChapter 10, Sections 1 and 2

Practical Exercise

You have three cartoons from the 1920s. Write a four square organizer on the following prompt:

“After viewing this cartoon from the 1920s, how does it exhibit the social dynamics and economic developments of the 1920s?”

(Hint, what is in the cartoon, what does it mean and how did it make the people back then feel?)


The jazz age chapter 10 sections 1 and 216

The Jazz AgeChapter 10, Sections 1 and 2


Politics and economics of the jazz age

  • Cartoon Two


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