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Chapter 22 A Turbulent Decade. Journal Writing. On a new piece of notebook paper answer the following question: What effect did the transition from wartime to peacetime have on the U.S. economy? Yes, again. This is not a mistake. . Goals.
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Journal Writing On a new piece of notebook paper answer the following question: What effect did the transition from wartime to peacetime have on the U.S. economy? Yes, again. This is not a mistake.
Goals • Analyze the affect demobilization had on the economy. • Analyze the public’s response the union activity in 1919 and 1920.
Some Economic Concepts • Supply and Demand More product than customers, price goes down. More customers than produce, price goes up. • Power in the workplace More jobs than workers, workers have the power. More workers than job, employers have the power.
Demobilization • Demobilization –transition from wartime to peacetime. • Too many workers = unemployment = wages = women pushed out
Demobilization • Immediately after war lack of product + spending = cost of living • Recession during 1920-1921.
Strikes • Seattle general strike- non-violent general strike to support shipyard workers in 1919. • Boston police strike- strike to get recognition of union. All police officers fired and replace by unemployed veterans. • Calvin Coolige- Governor who supported firing of Boston police.
UMW • UMW- United Mine Workers • John L. Lewis - president of UMW.
Red Scare • Red Scare- period of anticommunist hysteria during 1919 and 1920. • Any labor unrest was seen as sign of a Bolshevik like revolution.
Palmer Raids • A. Mitchell Palmer – U.S. Attorney General who launched an anti-communist crusade. • Palmer raids- arrest and deportation of immigrants suspected of radical activities.
Nicola Sacco and Bartolomeo Vanzetti Italian anarchists accused of murdering a paymaster and a guard during a payroll robbery.