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The Roaring Twenties Mr. Doherty / Mrs. T.
Warren G. Harding
“Back to Normalcy”
•A return to life as it had been before the war.
1920 Election
The Ohio Gang Group of Harding’s
friends who became cabinet members & used their power as ways to enrich themselves.
Became notorious for many scandals.
Teapot Dome Scandal Two oil executives bribed Secretary of
Interior, Albert Fall, who leased Gov’t land in California and Teapot Dome, Wyoming.
Albert Fall was sent to prison.
SCR Page 2
1923 Harding Dies of Heart Attack
Recession Recession is an
economic slump Lower
Income
Less
Consumption
Decline in
Production / Employment
New Inventions
Advertisements
Economic Growth Much of the economic growth of the 1920s
was created by sales of new goods.
Installment Buying Buying items on credit. Pay back the amount
you owe plus interest. “Buy now pay later”
SCR Back of Page 2
Bull Market 1920’s, more people
are investing in stocks than ever before.
Some people became rich almost overnight.
Bull Market – A period of increased stock trading and rising stock prices.
Kellogg-Briand Pact Disarmament – Reduction of armed forces
and weapons of war. U.S. and 61 other nations signed
the Kellogg-Briand Pact that outlawed war.
Did not set up any means to keep the peace Treaty failed
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