1920s presidents and the economy - miss caspers...
TRANSCRIPT
![Page 1: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/1.jpg)
1920S PRESIDENTS AND THE ECONOMY 11/11 – 11/14
![Page 2: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/2.jpg)
WARMUP What was the syndrome called that World War 1 veterans and survivors suffered from? Shell-shock
![Page 3: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/3.jpg)
AGENDA Warmup 1920s Presidents and the Economy PPT & Notes 7th Period only – America: the Story of Us Movie Notes
![Page 4: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/4.jpg)
*President Warren G. Harding *President from 1921 – 1923 (died)
![Page 5: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/5.jpg)
HARDING (1921-23) Return to “normalcy” after the war
• Less ambitious foreign policy • Emphasize prosperity at home
Supported racial and religious tolerance Appointed friends to key positions (Ohio Gang)
• Friends stole from and cheated the government • Teapot Dome Scandal
• Secretary of the Interior Albert Fall was accused of accepting bribes from oil companies
• First Cabinet member to go to jail Harding died in office (heart attack)
![Page 6: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/6.jpg)
TEAPOT DOME Teapot Rock – Wyoming Oil fields It used to look like a teapot >>
![Page 7: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/7.jpg)
Teapot Dome Scandal “Teapot Dome” became synonymous with government corruption
![Page 8: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/8.jpg)
“Bargain Day in Washington” Government corruption under Harding’s administration Americans began to mistrust the government
![Page 9: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/9.jpg)
Calvin Coolidge Vice President for Warren G. Harding Succeeded to presidency after Harding’s death
![Page 10: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/10.jpg)
COOLIDGE (1923-29) Pro-business
• “The business of America is business”
Laissez-faire approach to the economy • Do nothing to interfere with business • “Hands off” • Rapid economic growth (Roaring Twenties)
He restored public confidence in the American government
![Page 11: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/11.jpg)
![Page 12: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/12.jpg)
![Page 13: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/13.jpg)
Herbert Hoover
![Page 14: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/14.jpg)
HOOVER (1929-33) Self-made millionaire Predicted the end of poverty if he was elected president Believed in “rugged individualism”
• People will succeed on their own without government interference
• “Pull yourself up by the bootstraps”
![Page 15: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/15.jpg)
REPUBLICAN ECONOMIC POLICIES Lower Taxes on the Wealthy Relaxed enforcement of anti-trust laws and regulations
• Business was free to do as it pleased
High Protective Tariffs • Makes foreign goods more expensive, so people buy more
American goods
![Page 16: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/16.jpg)
“Trickle-down economics”
![Page 17: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/17.jpg)
![Page 18: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/18.jpg)
![Page 19: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/19.jpg)
The Model T Car
![Page 20: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/20.jpg)
ECONOMY: AUTOMOBILE Assembly line perfected by Henry Ford
• In 1925, a new Ford Model T was rolling off the assembly line every 10 seconds
Mass production led to lower prices • Model T now priced in range of “average” Americans
Cars ended isolation of rural life, enabled people to work farther from home, and connected the country with government built roads and highways
![Page 21: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/21.jpg)
Home radio
![Page 22: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/22.jpg)
ECONOMY: RADIO First radio broadcast in Pittsburg in 1920 By 1926, NBC had a permanent network of radio stations to distribute daily programs By 1928, CBS had a coast-to-coast network Radios connected the many regions and populations in America and created a shared cultural experience
• Everyone listening to the same soap opera, the same news cast, the same boxing match or baseball game
• An “American” experience
![Page 23: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/23.jpg)
ECONOMY: ADVERTISING
Advertising became a booming industry in the 1920s
• Convince someone to buy something they did not know they needed
Advertising connected the products with qualities of the era:
• Convenience, leisure, success, fashion, style
Bread slicer invented in 1928
• “Greatest thing since sliced bread” • Betty White is older than sliced bread
(born 1922)
![Page 24: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/24.jpg)
![Page 25: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/25.jpg)
![Page 26: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/26.jpg)
![Page 27: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/27.jpg)
![Page 28: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/28.jpg)
![Page 29: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/29.jpg)
![Page 30: 1920S PRESIDENTS AND THE ECONOMY - Miss Caspers ...misscaspersclassroom.weebly.com/uploads/4/5/5/1/45514493/...1920s Presidents and the Economy PPT & Notes 7th Period only – America:](https://reader033.vdocuments.mx/reader033/viewer/2022053119/609f28fe4f9b5450bb434f58/html5/thumbnails/30.jpg)
ECONOMY: CREDIT Following the economic downturn of the early 1920s, many Americans experienced an increase in wages The prosperity of the 1920s gave many people the confidence to buy on credit
• 75% of radios bought on credit • 60% of automobiles bought on credit
In many instances, people bought on credit at a faster rate than their incomes increased