History - History - 3rd quarter Harding and Coolidge...

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History -- 3rd quarter Harding and Coolidge presidencies -- lack of gov reg of business Roaring 20s -- higher wages, advertising, buying on credit Culture clash -- city v rural, modern v traditional, religion v science (scopes trial) Technology Variety of labor-saving devices introduced The expansion of electricity in rural areas (Rural Electrification Act) Rise of the automobile and new industries created (tourism, diners, gas stations, new manufacturing) What is a corporation - advantages (limited liability, survivability, investment capital) , disadvantages (remote ownership) Stock Market, crash of Buying on margin (what is it? How did it work?), margin call Investment into, instead of elsewhere Federal govs response to crash – how did it worsen the depression Great Depression Causes of: Stock Market Crash – speculation, buying on margin, margin call Depressed farms (why were they depressed?) and industries -- Monetary supply (interest rates) Decline in foreign trade (Smoot-Hawley, overseas investment, tariffs, trade wars)
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This note was uploaded on 11/27/2011 for the course HISTORY 103 taught by Professor Livingston during the Fall '08 term at Rutgers.

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History - History - 3rd quarter Harding and Coolidge...

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