10.21 Lecture - The 1920s I Homefront Tensions following...

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The 1920’s I. Homefront Tensions following World War I A. Demobilization B. Race Riots C. Red Scare II. Business of America is Business A. Calvin Coolidge phrase - “the business of america is business” - One of the greatest business is one of the greatest contributing forces to the moral and spiritual influence to the race 1. Cutting taxes 2. Minimize federal intervention in the economy 3. Turn to business models for running the federal govt B. The New Capitalism Shift in manufacturing: from heavy industry to consumer products 1. A number of demographic changes from rural to industrial 2. Demographic shift from large to small families - Industrial output doubled with very little increase in employment - Manufacturing became significantly more efficient - Shift in steambased power to electric power - Clerical and service jobs skyrocketed - By selling directly to the consumer rather than large companies, owners thought they conquered the boom bust system - New system of buying stock on credit
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This note was uploaded on 02/10/2009 for the course HIST 40080 taught by Professor Miller during the Fall '08 term at University of Texas.

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10.21 Lecture - The 1920s I Homefront Tensions following...

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