The Roaring Twenties - Unit 7 The Roaring Twenties (1920...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Unit 7 Free to distribute The Roaring Twenties (1920 – 1929) Jeff Gu’s APUSH Notes *Economic Trends* - The economy is perhaps the most important aspect of the 1920s [so if you don’t read the rest read this part]. Here are some of the economic characteristics of the era: I Initial Recession Followed by Recovery – Following the end of the war, as demand dropped and soldiers returned looking for jobs, the economy faltered. Farmers were hit especially hard w/the return of worldwide competition. But w/new inventions and such, recovery was rapid, except for the farmers, who faced continued hard times. II A Retreat From Regulation – After the war, the regulatory institutions were quickly dismantled (the ones that remained cooperated more a Coronado Coal Co. v. United Mine Workers (1922) – Striking unions were deemed in restraint of trade. b Maple Floor Association v. US (1929) – Anti-union groups ruled NOT to be in restraint of trade. c Regulations on child labor and a minimum wage law for women were also overturned. III Corporate Consolidation – No regulation? Great! Let’s make big mega companies! IV Lobbying – There was also consolidation in special interest groups – professional associations and such – which resulted in the “new lobbying” where organizations sent reps to Washington to try to convince legislators to support their cause(s). V Rampant Materialism – New products! Cars! Radios! Advertising! More purchasing power for the average individual due to technological breakthroughs! The new products even benefited the lower classes, as cities were electrified, indoor plumbing spread, and mass produced clothing and food became more affordable. VI Hard Times For Labor – In addition to the SC rulings, public opinion turned against strikers, corporations caught onto “welfare capitalism” [pensions, profit sharing, company events], and legislators ruled that open shops [which discriminated aginst union members] were allowed. *The Presidents and Political Trends* - Basically, the 1920s Presidents were all pro-business Republicans. More specifically, they were as follows: I Warren G. Harding (1920 – 1923) à Harding was elected in 1920 on the slogan of “A Return to Normalcy” or something like that. His administration favored laissez-faire business and also streamlined federal spending [ Budget and Accounting Act ] and assisted farms through liberalizing credit. The main problem w/Harding was corruption , culminating in the 1923 Teapot Dome scandal, which revealed that the Secretary of Interior had accepted bribes to give gov’t property to oil companies. Harding died in office in 1923. II
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

The Roaring Twenties - Unit 7 The Roaring Twenties (1920...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online