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Great Depression and Roaring ’20s Colton biv en

Great Depression and Roaring ’20s COLTON BIVEN. HERBERT HOOVER President (1929-1933) Engineer and philanthropist Secretary of Commerce under Harding and

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Great D

epress

ion and

Roarin

g ’20s

Colton bive

n

HERBERT HOOVER

President (1929-1933)Engineer and philanthropistSecretary of Commerce under Harding and Coolidge.President at the start of the Great Depression and believer in “Volunteerism”.http://www.whitehouse.gov/history/presidents/hh31.html

WARREN HARDING

President (1921-1923)“Normalcy”Corruption TeaPot Dome Daugherty and Liquor AffairsDied in Officehttp://www.whitehouse.gov/history/presidents/wh29.html http://www.infoplease.com/ce6/history/A0848032.html

CULTURE WARS

Nativism Ku Klux KlanFundamentalism Scopes TrialYouth Movement FlappersOrganized Crime ProhibitionRace and Ethnicity Immigration Act of 1921 and 1924 Harlem Renaissance http://www.u-s-history.com/pages/h1398.html http://webtech.kennesaw.edu/jcheek3/roaring_twenties.htm

AMERICA BECOMES MODERN

First census to indicate Majority of America lived in urban areas-split between urban and rural.Creation of “generation gap” and “juvenile delinquency”-split between old and young.Major shift in ethnic trends brought on by immigration laws.Movement of African-Americans to urban North.

CONSUMERISM

High Employment

Commercial Credit

Rise of Madison Avenue The “hard sell” Mass marketing

Low Savings Rates

New Consumer Luxury Items

http://www.digitalhistory.uh.edu/database/article_display.cfm?HHID=454

1920s ECONOMIC POLICY

Sec. of Treasury Andrew Mellon Believed in “trickle-down”

economics Cut or eliminated taxes for rich

Heavy investment in stocks

Protective tariffs

http://www.few.eur.nl/_few/people//smant/m-economics/crash1929.htm

CALVIN COOLIDGE

President (1923-1929)

Called “Silent Cal”

Caretaker President

Support based on prosperity

http://www.whitehouse.gov/history/presidents/cc30.html

THE GREAT DEPRESSION

Contributing Factors Maldistribution of Income Protective tariffs Overinvestment in Stocks Sick industries High debt/low savings Money Supply

Started in October 1929

Reached worst point in 1933 with 24.9% unemployment

http://www.huppi.com/kangaroo/Timeline.htm

1st NEW DEAL

First term

Most Dynamic Period of Legislation

Focused on Relief, Reform, and Recovery 21st Amendment Civilian Conservation Corps Tennessee Valley Authority Agricultural Adjustment Act National Industrial Recovery Act Securities and Exchange Commission Federal Depositors Insurance

Corporation

http://history.sandiego.edu/gen/20th/1930s/newdeal.html

2nd NEW DEAL

2nd Term

Focused more on dealing with critics and helping labor

Social Security Act

Fair Labor Standards Act

2nd AAA

FRANKLIN ROOSEVELT

President (1933-1945)

Well-liked.

Promised “New Deal” but had few specifics

Influenced by Progressives

Paraplegic

http://www.whitehouse.gov/history/presidents/fr32.html

CHALLENGERS

ConservativesSocialistsSouthernersPoliticians Huey Long Father Charles Coughlin Dr. Francis TownsendSupreme Court Schechter v. US Butler v. US

http://us.history.wisc.edu/hist102/lectures/lecture20.html