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Roaring Twenties: Prosperity Amidst Scandals

Explore the 1920s - a time of growth and controversy. Witness the rise of prosperity and scandal, from the Teapot Dome Scandal to Harding's scandals. Dive into the economic boom, consumerism, and foreign affairs of the era.

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Roaring Twenties: Prosperity Amidst Scandals

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  1. Chapter 21: Normalcy and Good Times (1921-1929)

  2. Growing up Harding! • 1920 campaign slogan “Return to Normalcy” • Appointed “Ohio Gang” as members of cabinet “…The air [would be] heavy with tobacco smoke, trays with bottles containing every imaginable brand of whiskey…cards and poker chips at hand-a general atmosphere of waistcoat unbuttoned, feet on desk, and spittoons alongside…”

  3. The Teapot Dome Scandal • Albert B. Fall- leased lands containing U.S. Navy oil reserves in Teapot Dome, Wyoming, and Elk Hills, California. • Bribes totaled more than $300,000 • 1st cabinet officer in history to go to prison

  4. Harding Scandals, Cont’d. • Attorney General Harry Daugherty

  5. Silent Cal • Born July 4th 1872 • Asked to run as Harding’s VP • “Silent in 5 languages” • Prosperity= business leadership; interfere as little as possible • 1924-“Keep cool with Coolidge” • “The chief business of the American people is business” –Calvin Coolidge Speech in Washington, Jan. 17, 1925

  6. A Growing Economy • Real per capita earnings soared 22% between 1923 and 1929 • Work hours decreased shifts from 12 hrs -> 8 hrs • Henry Ford cuts work week from 6 -> 5 days • 2 week paid vacation for employees

  7. Ford Motor Company 1908 $850 1914 $490 1917 $360 1924 $295

  8. Consumer Goods in the 1920s • Credit-installment plans Americans bought 75% of their radios and 60% of their automobiles on the installment plan throughout the 1920s.

  9. Farm Crisis: 1920s Earned less than 1/3 of average income for workers in rest of economy Due to fertilizers, pesticides, farm machinery Low prices of crops!

  10. Supply side economics • Andrew Mellon-secretary of the treasury • Cut government spending • Lower taxes = businesses and consumers spending and investing their $$$ • Believed this would cause the economy to grow

  11. Foreign Affairs • Dawes Plan-Post WWI • Washington Conference • Kellogg-Briand Pact

  12. Amelia Earhart 1897-1937 • Flew solo across the Atlantic • 1937 attempted to fly world with her navigator • 2/3 of trip covered when plane disappeared

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