SG35 - Study Guide for Chapter 35 The Politics of Boom And...

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The Politics of Boom And Bust, 1920-1932 PART I: Reviewing the Chapter A. Checklist of Learning Objectives After mastering this chapter, you should be able to 1. Analyze the domestic political conservatism and economic prosperity of the 1920s. 2. Explain the Republican administration’ policies of isolationism, disarmament, and high-tariff protectionism. 3. Compare the easygoing corruption of the Harding administration with the straight-laced uprightness of his successor Coolidge. 4. describe the international economic tangle of loans, war debts, and reparations, and indicate how the United States dealt with it 5. Discuss how Hoover went from being a symbol of twenties business success to a symbol of depression failure. 6. Explain how the stock-market crash set off the deep and prolonged Great Depression. 7. Indicate how Hoover’s response to the depression was a combination of old-time individualism and the new view of federal responsibility for the economy. B. Glossary To build your social science vocabulary, familiarize yourself with the following terms. 1. nationalization Ownership of the major means of production by the national or federal government. “…wartime government operation of the lines might lead to nationalization.” 2. dreadnought A heavily armored battleship with large batteries of twelve-inch guns. “…Secretary Hughes startled the delegates…with a comprehensive, concrete plan for…scrapping some of the huge dreadnoughts….” 3. accomplice An associate or partner of a criminal who shares some degree of guilt. “…he and his accomplices looted the government to the tune of about $200 million…” 4. reparations Compensation by a defeated nation for damages done to civilians and their property during a war. “Overshadowing all other foreign-policy problems…was…a complicated tangle of private loans, Allied war debt, and German reparations payments.” 5. pump-priming In economics, the spreading or lending of a small amount of funds in order to stimulate a larger flow of economic activity. “ ‘Pump-priming’ loans by the RFC were no doubt of widespread benefit….” PART II: Checking Your Progress A. True-False Where the statement is true, mark T . Where it is false, mark F , and correct it in the space immediately below. ____ 1. The most corrupt members of Harding’s cabinet were the secretary of state and the treasury. ____ 2. The Republican administrations of the 1920s believed in strict enforcement of antitrust laws to maintain strong business competition. ____ 3. The Republican administration of the 1920s maintained American’s isolationist national security by pursuing a large military buildup. 1
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This note was uploaded on 08/31/2010 for the course HIST 45213 taught by Professor Platt during the Spring '10 term at University of California, Berkeley.

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SG35 - Study Guide for Chapter 35 The Politics of Boom And...

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