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Modern History: The Roaring 20s
Immigration and Isolationism

Between 1850 and 1914, over 40 million people (roughly 10% of Europe's population) left the 'Old World'
for America. The voyage lasted two weeks, and was often a hard one for the poor immigrants, who usually travelled
3rd class.
Before they could…

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Hispanics · Many immigrants came from Mexico, Central
America and South America.
Asians · Particularly on the West Coast, there were
large populations of Chinese and Japanese.




Immigration Law 1917 Required that all immigrants must be able to read English, banned all immigration from
Asia, and charged an immigration fee…

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Republican Policies Lowered taxes- more money to invest in American goods.
Tariffs on imported goods. Laissez-faire- didn't
interfere in business.




Who didn't benefit from the boom?

Not everyone benefited from the prosperity of 1920s America. Farmers, textile workers, miners, new
immigrants and black share croppers families all got even poorer.…

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Modern History: Depression and the New Deal
The Wall Street Crash

The Wall Street Stock Market was not regulated. Anybody was allowed to buy shares and they could also
be bought 'on the margin'. This meant people could buy, for example, $1000 worth of stock for only $100 and borrow…

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'Black' Thursday, 24th October 1929 12,894,650 shares traded. Prices fell so fast that panic
set in. Sometimes no buyer was found.
Friday, 25th October 1929 At mid-day,top bankers met and decided to support the
market. Prices steadied and even rose. Richard Whitney,
a broker for a large firm J.P. Morgan,…

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Employers paying low wages. Voluntary Agreements: Hoover
Workers have no money to buy encouraged employers to make agreements
goods. with their workers to keep wages up and
production steady.
[Didn't work as there was not enough
money.]

Businesses failing because the The Reconstruction Finance Corporation:
banks won't lend them money.…

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farmers read 'In Hoover we trusted and who had ever cared for them, as he
now we are busted.' made efforts to get out to the people.

The Hundred Days

Roosevelt promised: 'Action, and action now.' He worked closely with a panel of experts called the 'Brain
Trust' to work…

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reduc
e
their
produ
ction
of
food.

Less Much of the waste produce that
produ the government bought was
ce destroyed. Only helped the
meant farmers, not the tenants or share
that croppers.
price
s
rose,
and
betwe
en
1933
and
1939,
farm
ers'
incom
e
doubl
ed.

The Unemployed…

Page 10

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Betw
een
1933
and
1942
nearl
y3
millio
n men
took
part.

The Civilian Works To
Administration/CWA provi
de
short-
term
jobs
to a
large
numb
er of
peopl
e.

4 -
millio
n
peopl
e got
short-
term
jobs
over
the
winte
r of
1933-
34.
Some
usefu
l…

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