The 'Boom' America 1920-1973:Opportunity and Inequality
- Created by: Kat14578
- Created on: 05-11-19 18:40
Why was there an economic Boom in the 1920s?
Fordney-McCumber Tariff Act- high taxes (tariffs) on foreign goods
-Made people by cheaper USA on, supports countries industry
-Government cut taxes paid by rich people + companies, start more companies + jobs
Assembly Lines- products built bit by bit by different people
- lots of consumer goods: Radios, Telephones + oven, Mass Production
Advertiesment- Billboards, newspapers, magazines, cinemas + radios
-Have stuff delivered to your door
-'Buy now, pay later', pay small amounts over time, 'hire purchase plan'
Roarin Twenties
Sport- Golden age of US Sport, Sport celeb
- Radio broadcasts, newspapers + magazines brought games to the masses
The Jazz Age- New form of music, fast tempo + lively rhythm, came with new dances
-From southern States among African Americans
-Appealed to the young, paved paths for black musicians i.e Louis Armstrong
Cinema- Hollywood, Warner Brothers, Paramount
-audience of 100 million a week, due to Star system, promoted actors, not just movies
Women- Flappers, middle/upper-class women only
-older American rural areas 'evils of modern-day life'
- Woman gained the vote, still paid less than men, tend to work in less-skilled jobs
What was and Why did Prohibition failed ?
Why was it introduced- prohibited any American selling, making or transporting any drink containing more than 0.5% alcohol
- Many years, strong campaign against alcohol, Anti-Saloon League, support from religious groups
- claimed it caused social issues; violence, addiction, poverty + debt, America would be healthier
Enforcing Prohibition- 1500 'Prohibition agents'
-locate places that sell or make alcohol, arrest + confiscate the alcohol
-Impossible task of stopping smuggling, as not enough officers for the miles of coastline
Impact on society- Never work, people still wanted to drink, prepared to break the law
-Criminal gangs willing to sell alcohol, ran illegal bars 'speakeasies', sold moonshine
What was and Why did Prohibition failed ?
Impact of organized crime and prohibition- Made millions from bootlegging and speakeasies
-Made enough to bribe + intimidate police, lawyers, judges
-Racketeering, got business to pay money to stop the gangs from smashing up their premises
Al Capone- made $10 million a year from Racketeering, ruled Chicago, 1930 vowed to Jail him, declared no.1 public enemy, killed his enemies
End of Prohibition- It had resulted in the opposite of what it was trying to achieve
-Increase of alcohol offenses during prohibition
-AAPA argued, threat to the people's right to choose to drink
-if Alcohol legalized, lots of jobs would be created
-Government could make money by taxing alcohol, instead of the gangs
-1933, FDR got rid of prohibition
The 'Red Scare'
Fear- increase in immigrants sparked fear due to bringing 'un-American' ideas to the country
-Feared that communist would take over as it had in Russia, American Communist Party set up in 1919
Palmer Raids- Bomb ripped through Alexander Mitchell Palmer's house in July 1919
-He vowed to get rid of American communist ('reds')
-6000 suspected communist were arrested and put in prison across 33 cities
Anarchists- greatly feared in 1920s
-Countries should not be ruled by organized governments with set laws
-Ruled by a system where everyone rules themselves through voluntary cooperation
-In 1901 US President McKinley was shot dead by Lein Franz Czologsz
Why did Wall Street 'crash'?
Disaster Looms- American factories were overproducing, making goods faster than they were sold
-Struggling to sell goods abroad due to foreign governments putting tariffs on them
-People began to doubt whether their investments would keep making the money they had during 1920s
-September 1926, cautious people began to sell their shares
-Word spread and 24 October 1929, 13 million shares were sold on the New York Exchange on Wall Street, some investors called it 'black Thursday' or 'Crash'
-Tuesday 29 October, another mad panic to sell shares, they just wanted cash, 16 million shares were sold that say, shareholders lost a total $8000 million
Why did Wall Street 'crash'?
Bank go Bankrupt - Americans had borrowed money to buy shares, intending to pay back their loans when share prices rose
-Share prices fells, investors couldn't sell shares for enough to repay their loans fully
-Lots of customers couldn't pay so they went bust
-Ordinary people who had saved money in the banks lost all their money
-IN 1929, 659 banks went bust
Popular culture in the 1930s
Music + movies- Jazz remained popular
-Radios continued to be the main way to listen to music
-gramophone sales increased in the 1930s, as vinyl records became more common
Comic books-1st ones appear after 1933
-1938, Publication of Action Comics, which included Superman
-Bright, cheap and easy to read
Artist-FDR was keen to keep musicians,writers,artist + actors in work
- Set up Works Progress Administration (WPA)
-Provided work for unemployed artist of all kinds
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