The Roaring 20’s 1920’s End of WWI “Fun Times Begin” –Dancing –Music –Drinking...

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Transcript of The Roaring 20’s 1920’s End of WWI “Fun Times Begin” –Dancing –Music –Drinking...

Page 1: The Roaring 20’s 1920’s End of WWI “Fun Times Begin” –Dancing –Music –Drinking –Spending –Less Work Hours –Higher Wages.
Page 2: The Roaring 20’s 1920’s End of WWI “Fun Times Begin” –Dancing –Music –Drinking –Spending –Less Work Hours –Higher Wages.

The Roaring 20’s 1920’s

End of WWI

“Fun Times Begin”– Dancing

– Music

– Drinking

– Spending

– Less Work Hours

– Higher Wages

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Why was this bad?• Credit System

– Borrowed Money

• WWI– U.S. Credit Nation – Many Nations could not

pay U.S back

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The Stock Market• People bought stocks

on margin

• Borrowed Money to buy Stock

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Herbert Hoover

Herbert Clark Hoover

President During The Great Depression

Republican President

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MAIN CAUSES OF THE GREAT DEPRESSION

• Stock Market Crashes

• Spending on Credit

• Hawley Smooth Tariff

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1929-1939Stock Market

Crashes

Many found being broke humiliating.

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And then….

How Did the Stock Market Crash?

• Stock Prices decreased slowly

• Investors Panicked

• Tried to Sell Stocks– This leads to a further

decline in stocks prices

– Black Tuesday Oct 29th Stocks became worthless

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Credit Hides Problems

• Bought stock on margin

• Lost money / had to pay back loans

• Stocks– Based on Speculation

– Gambling money

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Hawley-Smoot Tariff

• Hoover placed a tax on goods imported from Europe

• This Increased the price on Europeans Goods into U.S

• Hoover wanted to increase revenue for U.S• Backfired

• Europeans placed tax on goods coming from U.S• Destroyed International Trade• Caused Global Depression

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The Great Depression Begins• 1929-1941

Market crashing lead to -Banking system failed

• Businesses shut down• Companies went bust• Unemployment soared

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EFFECTS OF DEPRESSION Farmers • Many farms foreclosed• Factories shut down• Businesses shut down• Banks could not pay out money• People out of work-bankrupt• Schools shut down due to lack of funds• Many families became homeless and had

to live in shanties

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Many waited in unemployment lines hoping for a job.

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People in cities would wait in line for bread to bring to their family.

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Some families were forced to relocate because they had no money.

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“Hooverville”• Shanty Towns

– Shacks & Tents in vacant lots

Referred to as “Hooverville”

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Drought in the South lead to Dust Storms

“The Dust Bowl”

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The South BuriedDrought + Intensive Farming –lose

top-soil + High Winds = Dust Storms

• Occurred in The Great Plains

• Known as The Dust Bowl

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Two Families During the Depression

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Farms Foreclosure

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Hoovers Response

Created Reconstruction Finance Corporation- RFC

TRICLE DOWN ECONOMICS

– Loaned Money to Banks

– In-turn banks would Loans to Businesses

– Business would hire workers

– Production would then increase

Hoover’s Economic Approach-Hands off

Laissez Faire - Let business cycle work its self out

Trickle Down Economics

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Some families tried to make money by selling useful crafts like baskets.

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Bonus Army

• Congress promised money to WWI Veterans

• Suffering During the Depression so they wanted their bonus

• Marched to Washington to Demand Bonus

• Hoover-Sent troops to disperse the crowd

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*FDR*FDR Franklin D.

Roosevelt Elected as New President During Depression

Inaugurated -Poor sections (like Harlem) had 50% of the pop. unemployed

Plan enacted: New Deal

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Major Historical Happenings...

• Jim Crow Laws

• Scottsboro Trials

• Recovering from the Great Depression

• Racial Injustice

• Poor South

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Jim Crow Laws• After the American Civil War most

states in the South passed anti-African American legislation. These became known as Jim Crow laws.

• These laws included segregation in…– Schools -- Hospitals

– Theaters -- Water fountains

– Restaurants

– Hotels

– Public transportation

– Some states forbid inter-racial marriages

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• These laws were instituted in 1896 and were not abolished till the late 1950’s (even then still not completely).

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• 9 young African-American men (13-20) accused of raping 2 white girls in 1931

• Immediately sentenced to death

• Trials went on for nearly 15 years before all the men were dismissed

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• Started on a train bound for Memphis

• Several white men boarded and picked a fight with the black men

• Whites were forced off train by the 12 black men. The white men reported the black men had raped two white girls on the train to authorities

• They were immediately arrested and tried in front of an all-white jury.

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The trials caused a huge uproar amongst the black community.

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• Wrote To Kill a Mockingbird in 1960

• Based the story on her life growing up in Monroeville, Alabama

• TKAM was the only novel she ever wrote


Unit 8—Chapters 22 – 23 WWI and the Roaring Twenties (1914 – 1929) CSS 11.3, 11.4, 11.5.

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