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1. Day 125: Politics of Boom and Bust

   Baltimore Polytechnic Institute March 14, 2012 A.P. U.S. History Mr. Green
2. Politics of Boom and Bust Objectives: Students will: Explain and analyze America’s turn toward social conservatism and normalcy following World War I. Describe the cultural conflicts of the 1920s over such issues as immigration, cultural pluralism, and prohibition; and describe the rise of organized crime during the decade. Describe the rise of Protestant Fundamentalism and its apparent defeat in the landmark Scopes Trial. AP Focus Concerned about the success of the Bolshevik Revolution, the United States, Britain, and other nations send troops to participate in the Russian Civil War in the hope of toppling Lenin’s communist government. Domestically, a systematic effort to suppress Bolsheviks, or reds, is launched. A political cartoon in The American Pageant (13th ed., p. 721/14th ed., p. 771) makes it abundantly clear that leftists have no place in American life. Intolerance grows in the nation after World War I. A new and more virulent nativist strain emerges in the reborn Ku Klux Klan, which has expanded its influence across the nation. To shrink immigration from certain areas of the world, a quota system is put in place. That and the Immigration Act of 1924 dramatically reduce eastern and southern European immigration.
3. Chapter Focus Chapter Themes A disillusioned America turned away from idealism and reform after World War I and toward isolationism in foreign affairs, domestic social conservatism, and the pleasures of prosperity. New technologies, mass-marketing techniques, and new forms of entertainment fostered rapid cultural change along with a focus on consumer goods. But the accompanying changes in moral values and uncertainty about the future produced cultural anxiety, as well as sharp intellectual critiques of American life.
4. Announcements Quiz on Friday 20 questions-Chapters 29-32 Focus Questions-Chapter 32 due on Friday
5. Wall Street’s Big Bull Market Florida real estate 100’s of banks failed annually Buying on margin National debt increased Andrew Mellon rich invested in tax-exempt securities instead of factories lowered taxes-shift to middle-income groups decreased debt indirectly encourage bull market
6. Reading Quiz Identify 3 reasons for the Stock Market Crash of 1929. Describe the position of Marcus Garvey and his role in the African-American community. Identify the areas of cultural change observed during the 1920’s. Describes the position of the U.S. Presidents toward business in the 1920’s. Describe the impact farmers felt in the years following WWI.
7. Politics and Politicians of the 1920’s Harding “while Washington could not tell a lie, Harding could not tell a liar” Andrew Mellon-Treasury Herbert Hoover-Commerce Charles Evans Hughes-State Albert Fall-Interior Harry Daugherty-Attorney General Improve laissez-faire by government support Supreme Court-Harding picked 4 Adkins v. Children’s Hospital-reversed Muller v. Oregon
8. Cont’d Save the railroad for the country railroads returned to private ownership Unions Railway Labor Board cut wages 12% in 1922 2 month strike Injunction used to break strike union membership declined through 1930 Veteran gains Veterans Bureau, American Legions, paid-up insurance policy Fordney-McCumberTarrif of 1922-38.5% Duties on farm products Europe responded with tariffs
9. Cont’d Teapot Dome Scandal naval oil reserves at Teapot Dome and Elk Hills Albert Fall leased oil fields for a bribe Harding died August 2, 1923 Coolidge takes over
10. Frustrated Farmers Prices declined as farming became more efficient New technology allowed for more land to be cultivated End of government guaranteed high prices McNary-Haugen Bill twice vetoed by Coolidge
11. Election of 1924 Republicans nominate Calvin Coolidge Democrats nominate John W. Davis Progressive Party nominated Robert La Follette 15,718,211 to 8,385,283 La Follette recorded 5 million votes 382 to 136 to 13
12. Homework Read Chapter 32 Prepare for 5 question quiz on Thursday