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20s Culture Review . Nativism and Immigration issues Prohibition and its effects Rise of entertainment and mass media Advertising/Consumerism Jazz Age/Effects of Great Migration/Harlem Renaissance Fundamentalism vs Modernism Women in the 20s Innovations (flight, Model T, radio, talkies).
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20s Culture Review • Nativism and Immigration issues • Prohibition and its effects • Rise of entertainment and mass media • Advertising/Consumerism • Jazz Age/Effects of Great Migration/Harlem Renaissance • Fundamentalism vs Modernism • Women in the 20s • Innovations (flight, Model T, radio, talkies)
In what ways did the lifestyle of the 1920s cause the Great Depression?
Republican Presidents (GOP) • High tariffs • Low taxes for the wealthy • Laissez faire economics • Isolationism
End of War • War Industries Board falls • Cummins Transportation Act: private consolidation of railroads • Merchant Marine Act: Shipping Board shrinks navy considerably • Daugherty fights against unions • Protects veterans- Adjusted Compensation Act, Veterans Bureau • FordneyMcCumber Tariff
Harding “Return to normalcy” • Return of the “Old Guard” • Laissez faire economics • Kills off Progressive reforms: Adkins v Children’s Hospital, antitrust laws aren’t enforced
Foreign Relations • Four Power Treaty, Five Power Naval Treaty, Nine Power Naval Treaty • Washington Disarmament Conference • Kellog Briand Pact “Pact of Paris” • “Isolationism” despite interest in Middle East
Corruption • Tea Pot Dome Scandal • Forbes: Stealing from Veterans Bureau • Daugherty: illegal sale of pardons
Silent Cal CoolidgeThe man who builds a factory builds a temple, that the man who works there worships there, and to each is due, not scorn and blame, but reverence and praise. • Struggles of farmers: McHary Haugen Bill (purchases surpluses and sells overseas, vetoed twice) • Creation of the “farm bloc” and the Capper Volstead Act • Dawes Plan • Andrew Mellon and the Mellonites • Revenue Act of 1924: lowered income taxes, increased estate taxes
Herbert Hoover • “Rugged individualism”, “self help” • Agricultural Marketing Act-Federal Farm Board • Hawley Smoot Tariff (2nd highest of all US history) • “trickle down economics”- Hoover Damn, Muscle Shoals Bill • Reconstruction Finance Corporation • Norris LaGuardia Anti Injunction Act • Bonus Army
Foreign Issues • Japan invades China • Stinson Doctrine- America will not recognize land taken by force • Good Neighbor Policy- non intervention and non interference
Causes of the Great Depression • Overproduction of goods • Drops in farm prices • Droughts in Great Plains and Mississippi Valley • Laissez faire economics • Buying on credit • Buying stocks on margin • Speculative investments • High tariffs (Smoot-Hawley) • Gap in incomes