How did the role and responsibilities of the federal government change during the Progressive Era and the New Deal?
jaclynbonlarron
lecture_text_chapter21-2.pptProsperity Decade,
1920-1928
Chapter 21
Prosperity Decade
- The Economics of Prosperity
- No immediate collapse after WWI
- Economy quickly rebounded after 1921
- Declining prices for agricultural products
- Brought lower prices for:
- Food
- Clothing
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Prosperity Decade
- Targeting Consumers
- Changes in fashion
- Rise in advertising
- The Automobile Driving the Economy
- Symbol of consumer-oriented economy of 1920s
- Taylor’s scientific management
- Changes in Banking and Business
- Great corporate merger wave
- “Get Rich Quick”
- Stock market speculating
- Buying on the margin
- Other speculative opportunities abounded
Prosperity Decade
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Prosperity Decade
- Agriculture: Depression in the Midst of Prosperity
- Prosperity never extended to agriculture
- Prices fell as a result of overproduction
- Farm Bloc
The “Roaring Twenties”
- A People on Wheels: The Automobile and American Life
- Profoundly changed patterns of living
- Los Angeles: Automobile Metropolis
- A Homogenized Culture Searches for Heroes
- National sports heroes
- Movie stars
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- Alienated Intellectuals
- Some went to Europe
- American writers bemoaned what they saw as
- Shallowness
- Greed
- Homogenization
The “Roaring Twenties”
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The “Roaring Twenties”
- Renaissance Among African Americans
- Harlem Renaissance
- Symbol of new, urban life
- Langston Hughes
- Jazz
Traditional America Roars Back
- Prohibition
- Many simply ignored it from the start
- Produced unintended consequences
- Fundamentalism and the Campaign Against Evolution
- Scopes Trial
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- Nativism, Immigration Restriction, and Eugenics
- Race relations changed little during 1920s
- The Ku Klux Klan
- Declared itself defender of the old-fashioned Protestant morality
Traditional America Roars Back
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New Social Patterns in the 1920s
- Ethnicity and Race: North, South, and West
- Beginnings of Change in Federal Indian Policy
- American Indian Defense Association
- Mexican Americans
- Revolution in Mexico increased number of Mexicans moving north
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- Labor on the Defensive
- Difficulties establishing unions in 1920s
- Changes in Women’s Lives
- Birth control
- 19th Amendment
- Development of Gay and Lesbian Subcultures
New Social Patterns in the 1920s
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The Politics of Prosperity
- Harding’s Failed Presidency
- Teapot Dome Scandal
- The Three-Candidate Presidential Election of 1924
- Coolidge won
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- The Politics of Business
- Coolidge believed free market would sustain economic prosperity for all
- The 1928 Campaign and the Election of Hoover
- Believed government should help those in need
- Not solve their problems
The Politics of Prosperity
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The Diplomacy of Prosperity
- America and Europe
- US became world’s leading creditor
- Encouraging International Cooperation
- Washington Conference on Naval Disarmament
- Kellogg-Briand Pact (1929)
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