420 likes | 736 Views
The 1920’s. From Boom to Bust…. The 1920’s. Americans want to get on with their lives and forget war and public affairs. 1920’s. 1920’s. Election of 1920. Harding elected “Return to Normalcy” “Return to values and practices of the past”. Presidents of the 1920’s. Harding: 1920-1923
E N D
The 1920’s From Boom to Bust…
The 1920’s • Americans want to get on with their lives and forget war and public affairs
1920’s • 1920’s
Election of 1920 • Harding elected • “Return to Normalcy” • “Return to values and practices of the past”
Presidents of the 1920’s • Harding: 1920-1923 • Coolidge: 1923-1929 • Hoover: 1929-1933
Harding and Coolidge • Eased restrictions on business interests • Worked as the growth of new, urban industries fueled an economic boom during the 1920’s
Harding: “We want less government in business and more business in government.”
Coolidge “The business of America is Business.”
1920’s • Major social changes and cultural achievements took place
Prohibition • 18th amendment: made alcohol illegal = brought on a crime wave
Radio Advertising • Increased demand for consumer goods (motion pictures, aviation, home appliances)
Automobiles • Changed American way of life
Women in the 20’s • Women Suffrage: right to vote • Women’s demand for economic opportunity • Flappers: nickname for the “new women” of the time period
Scandalous… • Women seen in saloons, speakeasies, golf courses • Women seen smoking in public
The change… • Women’s fashions changed drastically; no more fancy hair styles and long flowing skirts • Now…sleek, short, flashy clothes and close cropped hair=Flappers
Flappers • Challenged traditions of Victorians • Lived for fun and Freedom • Drove Autos • Wore Short Skirts • Smoked • Went to Speakeasies • Danced “The Charleston”
Harlem Renaissance • African Americans reflect new spirit of pride and protest
Racial Tension in the 20’s • After WWI strong feelings against immigrants led Congress to seriously restrict all immigration
Wealth in the 20’s • Wealth was not the norm; most American workers in the 1920’s were poor and powerless
Economic Boost in the 1920’s was due to: • 1. Collapse of European industry after WWI • 2. Technology = greater industrial expansion (auto leads to roads, etc.)
Scandals of the 1920’s • President Harding’s administration = corrupt; he was honest but huge corruption in his administration
Ohio Gang • Harding’s poker playing friends • Used ties to sell government appointments, pardons and immunities from prosecution
Teapot Dome Scandal *Rich oil reserves at Teapot Dome, Wyoming *Fall (Harding's secretary of Interior) persuaded Harding to transfer control of oil reserves from Navy to Dept. of Interior *Fall secretly leased them to 2 wealthy businessmen and received nearly ½ million
Outcome • Fall convicted of bribery and sentenced to a year in prison
The Aftermath • Harding felt betrayed and said “…no trouble with my enemies but my friends are a different story.” • Summer 1923=Harding depressed; travels to Alaska • Returns home, becomes ill • Dies August 2nd shortly before news of the scandals broke to the public
Post WWI Issues… -Post-war foreign policy -Harding’s return to “normalcy” could not be archived as “normalcy”=isolationism.
WAR DEBT -Reparation=payments made by nations defeated in wars as a penalty for damages caused to other countries • February 9, 1922 Congress tackles WWI debt • World War I left a mountain of debt in its wake: • Great Britain owed U.S. $4 billion • France owed $3 billion • Italy owed $1.6 billion • European had NO CASH to repay debt • Congress said that $11.5 billion could be paid of during sixty-two-year term, at 2 percent interest, for the repayment of the debts. • Most of this still has not been paid today (especially GB) • Thus…DO NOT GO INTO DEBT!
The Washington Conference!!! • What was done at the Washington Conference? Glad you asked… • Four-Power Treaty • France, Great Britain, Italy, and Japan • Dealt with the issues of respecting each countries Pacific holdings • Five-Power Treaty • US, GB, Japan, France, Italy • Limited navies and banned shipbuilding for 10 years • Nine-Power Treaty • US, France, GB, Japan, Belgium, Italy China, the Netherlands, and Portugal. • Put an open door policy in treaty form by agreeing to preserve equal commercial rights in China
John Hay • John Hay’s Dream Realized -Former secretary of state, thought America should end Isolationism. He wanted China to have an “Open Door Policy”