Roaring Twenties Flashcards
(31 cards)
Define communism.
an economic and political system in which the state owns the means of production and a single party rules.
Define anarchists.
people who oppose all organized government.
Define prohibition.
a total ban on alcohol drinks.
After WWI what happened to the U.S. economy?
It went into a recession.
What did President Harding promise to the public after WWI?
A return to normalcy
Define recession.
economic slump.
Define installment buying.
Buying on credit. Buy now, pay later.
Define bull market.
Increased stock trading and rising prices.
Define stock.
Share of ownership in a corporation.
Which President was associated with the Tea Pot Dome scandal?
Warren G. Harding
A “return to normalcy” after World War I meant..
going back to life as it had been before the war.
What did President Calvin Coolidge believe the prosperity for all Americans depended on?
the success of American business.
What happened to the stock market under President Coolidge?
the stock market grew in value.
Which two anarchists were sentenced to death and came to symbolize the anti-foreigner feelings during the 1920s?
Sacco and Vanzetti
During prohibition bars were closed and people went to…
speakeasies
Define flappers.
women that rebelled by wearing short skirts, cutting their hair short, wearing red lipstick, and going to speakeasies.
What amendment banned alcohol?
18th Amendment
What amendment repealed the prohibition amendment?
21st Amendment
Why did prohibition fail?
It never stopped drinking
Why do people purchase shares of stock in a corporation?
share in corporate profits
What issue was debated in the Scopes trial?
whether the theory of evolution could be taught in schools.
buying on margin
an investor would buy a stock for a fraction of it’s worth and sell when its price rose
bootlegger
illegal alcohol smugglers
What impact did the automobile have on the United States?
supporting industry helped to grow the economy
