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Economic and Political issues of the 1920s
Transcript of Economic and Political issues of the 1920s
By: Grace Akintod and Tae Caldwell
The Roaring Twenties
So what is the "Roaring twenties"? The Roaring Twenties was the decade after the World War I to which an extreme amount of political, social and economical change took place. During this time, the average American made the shift from a rural agricultural based lifestyle to a more urban manufactured based lifestyle.
After the war, for a brief period, the United States experienced very strong economic growth. So strong that in fact many people started tor recieve higher wages; even many began to acquire a higher standard of living. This brief period ended during the stock market crash f 1929.
Stock Market Crash of 1929
In 1929 after the U.S stock market had undergone rapid stock expansion and hit its peak, what is known as the greatest economical tragdy of all time occured. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value.
Political issues of the 1920s
America was divided of the league of nations and whether or not it would a logical idea
- Many adopted an idea of isolationism to prevent involvement of future wars
This was the greatest wave of immigration in American history. Between 1880 and 1920, more than 25 million immigrants came to America. They lived in cities because factories hired them for unskilled labor and the immigrants were willing to work for low wages. After WWI the need for unskilled labor went down. In order to limit immigration to the US, the government set up a quote system which restricted to number of immigrants that could move to the US.
What is Rugged Individualism?
Rugged individualism was the phrase used often by Herbert Hoover during his time as president. It refers to the idea that each individual should be able to help themselves out, and that the government does not need to involve itself in people's economic lives nor in national economics in general.
What are Community Chests?
A fund for charitable uses begun by people in a certain area
What is the Reconstruction Finance Corporation?
The Reonstruction finance corporation is a government program that gave financial support to state and local governments and to businesses (trickle down policy- if they become successful their wealth will trickle down to the people).
What was the purpose of the 19th Amendment?
To prohibit any United States citizen from being denied the right to vote on the basis of sex (womens suffrage).