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Marcus Garvey. lynching in the American south. Notice that this picture is shaped like a postcard? That is because it was a postcard. lynching in the American south. Lynching in 1930. lynching in the American south. The Lynching of Leo Frank in Georgia in 1915. The NAACP fights lynching.
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lynching in the American south Notice that this picture is shaped like a postcard? That is because it was a postcard.
lynching in the American south Lynching in 1930.
lynching in the American south The Lynching of Leo Frank in Georgia in 1915
The NAACP fights lynching • 1919: NAACP releases 30 Years of Lynching in the South • 30 Years concludes that only 20 percent of lynchings involved accusations of impropriety with a white woman • And the vast majority of those accusations were false. • 1922: Congressman Leonidas C. Dyer proposes a federal anti-lynching bill The Dyer bill passes the House . . . but is blocked in the Senate.
Countee Cullen Claude McKay Jean Toomer Langston Hughes
Zora Neale Hurston Walter White Carl Van Vechten
Football transformed Harold “Red” Grange
1920s technology revolution • 750 broadcast radio stations by 1928 • Vastly more powerful electric power plants • Redesigned homes make it easier to accommodate electrical appliances • Electric refrigerators, vacuum cleaners, toasters • Telephone party lines expand phone use
Crackdown on labor campaigns “Open shop” drive Corporate welfare programs Company unions Textile mills move south Post World War I assault on labor Federal troops occupy union hall in 1919 steel strike; right: John L. Lewis
Calvin Coolidge: “I do not choose to run for President in 1928.”
Al Smith: 40.8% (wins majorities in 12 large cities) Herbert Hoover: 58.2% Election of 1928 "We in America today are nearer to the final triumph over poverty than ever before in the history of this land... We shall soon with the help of God be in sight of the day when poverty will be banished from this land. “ Herbert Hoover, 1928
A confident Charles Ponzi on his way to Federal trial A less than confident mob surrounding one of Ponzi’s branches as word leaks out that he’s a fraud. In Ponzi we trust . . .
Why the speculation boom of the 1920s? • Communication revolution via telephone and wireless telegraph • Radio delivered news of stocks quickly • Rise of disposable income among upper-middle class • Absence of any government regulation of the trading sector
the great crash . . . 1929 • Number of shares traded between 1927 and 1929 doubled . . . • . . . to 920 million shares by 1929. • But in October 1929, stocks lost 40 percent of their value. • 50 billion dollars in speculative investment lost
France and England insist on collecting from Germany because they owe debts to the United States Germany owes huge reparations to England and France The U.S. won’t ease up on France and England’s war debts . . . . . . but encourages investors to lend money to Germany the international debt mess of the 1920s (revisited). . . . What if there was a stock market crash in the United States???
the great crash . . . 1929 - 1931 • 1930: 1,352 banks failed with 850 million in deposits • 1931: almost 2,300 banks failed with 1.7 billion in deposits • . . . People got ten cents on the dollar of their savings, if they were lucky. U.S. unemployment rate
Why Great Depression? • The boom/crash interpretation • Stock market had something to do with it • The Monetarist camp • Failure of Federal Reserve • The regulatory interpretation • No real government checks on the markets • The Keynesian demand-side school • Consumer power wimped out • The international crisis perspective • Treaty of Versailles and its consequences Milton Friedman; Monetarist John Kenneth Galbraith; Keynesian Charles Kindelberger, internationalist