The Roaring Twenties Part 2. Politics and Prosperity. 38. Karl Marx 1818 - 1883 Wrote the Communist Manifesto in 1848. 39. Communism. A political and economic ideology Government ownership of all land and property
Politics and Prosperity
1818 - 1883
Wrote the Communist Manifesto in 1848
Any action or language that incitesrebellion against the authority of the government
Democracy in danger?
Harding’s suggestion that the U.S. wished to return to a calm, normal way of life after the stressful events of the previous decade, such as Progressivism, World War I, and the Red Scare
An economy that depends on a large amount of spending by consumers
Consumer Economy Cycle
How did Henry Ford convince investors to back his plan to produce cheap reliable cars after his first venture had failed?
Ford, at the age of 38, entered a race against the most famous racer in the country, Alexander Winton.
Ford’s “Sweepstakes” had 26 horsepower.
Winton’s “Bullet” had 70 horsepower.
In a 10 lap race, Ford came from behind in the 7th lap to beat Winton by a wide margin, averaging 45 mph.
What made the difference?
Winton’s car began to misfire badly, but Ford’s car had a spark coil insulated with a porcelain case designed by a dentist. (The forerunner of the spark plug)
Ford won $1000 and a punch bowl, and found financial backers for his new car company.
Ford (the man)
Ford (the car)
2 cylinders – 539 cubic inches – 26 hp – top speed 72 mph