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Boom, Bust and Recovery - final revision
Transcript of Boom, Bust and Recovery - final revision
Boom, Bust and Recovery 1917-1954 How to succeed.
Final revision May 2013 Crash, slump, depression ND and Impact Smile and don't panic Social tensions Keywords Sedition Act, May 1917 Red Scare Palmer raids Prohibition - 1920 -1933 Keywords Wall Street crash Keywords Was it really the 'roaring twenties'? USA in the early twentieth century Key questions
What was the structure of the American economy before, during and after the First World War?
How was the American political system structured?
How did the USA emerge as a superpower? Keywords Key questions
What were the factors that attributed to the boom?
Did everyone gain from the boom?
What were the long term issues? Keywords WW2 and after Key questions
Did WW2 solve the failures of the ND?
Was there a 'post-war' prosperity?
How did WW2 make changes to the balance of power? Opposition to Roosevelt and ND Key questions
Who opposed the New Deal?
How successful were they?
What were the issues with the Supreme Court?
In what ways did opposition shape the ND? Keywords Key questions:
Prohibition: why, how and consequences?
KKK: why, how and consequences?
Why was immigration such an issue?
Why was there a Red Scare? Key questions
What led to the Wall Street Crash?
What led to the depression?
Why did the depression last so long? laissez-faire 14 points immigration melting pot corporations 1905: peak year of immigration 1 million people arrive 1914 one produced every 93 minutes Taylorism mass production treaty of Versailles mass production neutrality 1913 American trade was worth $2 billion by 1916 it had risen to $6 billion Credit Laissez-faire Isolationism KKK Bonus marchers Sacco and Vanzetti flappers Cinema Lever Act, 1917 Volstead Act, Jan 1920 Fordney-McCumber tariff, 1922 Rugged individualism vacuum cleaners were owned by 30% of families in 1930 Why did the boom occur? demand advertising radio catalogue distribution department store consumer credit
75% radios bought by hire purchase radio motor industry mobility "return to normalcy"
less government intervention 'Silent Cal' Coolidge prosperity "the business of American is business" protectionism depression stocks overproduction agriculture industry bull bear Key questions
What were Roosevelt's background and beliefs?
What was Roosevelt's administration like?
How successful was the New Deal?
Did the USA change and how? fireside chat hundred days brains trust Keywords Truman atomic bomb cold war McCarthyism Huey Long Francis Townsend Charles Coughlin 'share the wealth' 'relief, recovery, reform' associated immigration anti-German feeling 3,000 enforcement agents 1920:
had 700 speakeasies The Passing of a Great Race, Madison Grant 1917 Bolshevik revolution Palmer raids 1924 quota act, 2 % of the 1890 census 1929-1932: unemployment rose from 1.5 million to 12 million Net farm income fell from $6.1 billion in 1929 to $2 billion in 1932 1930, Hawley Smoot Tariff Act voluntarism low federal expenditure lack of control Congress 1931 National Credit Corporation jobs relief confidence Was there a second ND 1935-1938? rural electrification NYA SSA AAA Fair Labor Standards Act National Labor Relation Act
(Wagner Act) McCarthyism House Un-American Activities Committee WW2 Office of Price Administration Pentagon Federal expenditure: 1944 $97.2 billion ($90 billion on war) 1943 Unemployment 2% Post-war prosperity NACCP trade unions female workers living standards 1947-1951 targeted Hollywood 1947-1951 3,000 government employees resigned