20s And 30s Review Flashcards
(36 cards)
Scandals
Tea pot dome- Harding’s Secretary of the Interior – Albert Fall leased government land to oil companies for drilling. He pocketed the lease money
Hoover response to stock market crash
Trickle down economics- tax breaks for the rich
Franklin Roosevelt
President during the Great Depression
New deal and three R’s
Roosevelt’s plan to end the Great Depression:
Relief, recovery, and reform
New Deal laws
Social Security Wagner Act Works progress administration Fair Labor Standards Act Agricultural Adjustment Administration
Critics of the new deal
Conservative republicans
Court-packing scheme
Franklin Roosevelt’s politically motivated and ill-fated scheme to add a new justice to the Supreme Court for every member over seventy who would not retire.
Tariffs and attitudes of the 1920s
Raised tariffs on imported goods
Harding reflected a laissez Faire attitude
Expatriate writers
The lost generation. A person residing in a country other than that of their citizenship. F. Scott Fitzgerald
Hemmingway
Expatriate writer
Langston Hughes
Harlem Renaissance poet
F. Scott Fitzgerald
Expatriate writer
Fundamentalist and scopes monkey trial
Fundamentalist strictly believed the words from the bible and rejected all theories of Darwin evolution. Scopes was tried for teaching evolution in schools.
KKK
Ku Klux Klan; oppose social change and black emancipation through violence and terrorism
Harlem Renaissance
Cultural rebirth for African American community. Centered in Harlem. The “new negro”.
Cause and effects of stock market crash
Causes: Buying on the margin. Installment plan. No regulations. No insurance on money deposited in banks.
Effects: bank failures. Decline in consumerism. People were unable to pay back their loans.
Buying on the margin
Buying stock but only paying a percentage of the total and paying the rest with borrowed money from the bank.
Installment plans
Paying a fixed price over a period of time.
Advertising in the 20s
Advertising was big because companies had not mastered the art of mass production, all they needed was a way to get people to buy their goods.
New deal policies that helped bankers businessmen and consumers.
Emergency Banking Act: declared bank holidays in an attempt to stem the bank runs
The FIDC: insurance on money deposited into banks
Flapper
A fashionable young woman intent on enjoying herself and flouting conventional standards of behavior.
19th ammendment
Women suffrage
Role of women in the prohibition
Against the consumption of alcohol. Supported the 18th amendment.
Eleanor Roosevelt
Wife of FDR. most active First Lady