The Economy of the Late 1920s

1. The Economy of the Late 1920s

2. “Everybody Ought to be Rich” • How did Bruce Barton characterize business? • According to John Raskob, how could everyone be rich? • How did Welfare Capitalism affect American business?

3. Economic Danger Signs • Despite how society pictured it, who was actually getting richer during the 1920s? • How did credit change American families? • What it beneficial or harmful? • What is speculation? What risks did it bring to stock holders?

4. What types of businesses were interconnected? • If one of these businesses started to decrease, what would happen to the rest? • How did Congress attempt to help the farmers? • Did this attempts succeed? • Were all workers receiving the benefits of welfare capitalism?

5. Warning Signs • What signs should have warned America of the possibilities of future economic struggle?

6. 20.1 Terms: Flapper Demographics barrio Important Questions: How were women’s roles changing during the 1920s? How were the nation’s cities and suburbs affected by Americans on the move from rural area? Who were some American heroes of the 1920s? What made them popular with the American public? Let’s Review:

7. Terms Mass Media Jazz Age Lost Generation Harlem Renaissance Important Questions How did the mass media help create common cultural experiences? Why are the 1920s called the Jazz Age, and how did the jazz spirit affect the arts? How did the writes of the Lost Generation respond to the popular culture? What subjects did the Harlem Renaissance writers explore? 20.2

8. Terms Bootleggers Speakeasies Fundamentalism Scopes Trial Important Questions What were the effects of Prohibition on society? What issues of religion were at the core of the Scopes Trial? How did racial tensions change after WWI? 20.3

9. Terms Communism Red Scare Isolationism Disarmament Quota Teapot Dome Scandal Kellogg-Briand Pact Important Questions What events fueled the Red Scare of the early 1920s? What conflicts led to the major labor strikes of 1919? How did Republican leadership during the Harding and Coolidge presidencies shape the 1920s? What issues influenced the presidential election of 1928? 21.1

10. Terms: Consumer Economy Installment plan Gross National Product Assembly Line Important Questions What role do businesses and consumers play in a consumer economy? How were Henry Ford and the automobile important to the 1920s? In what ways did industrial growth affect the economy of the 1920s? Why did the economic boom bypass some people and benefit others? 21.2

11. Terms Welfare capitalism Speculation Buying on Margin Important Questions Why did the economy of the late 1920s appear healthy to most Americans? What danger signs were present in the economy of the late 1920s? 21.3