Monday - Talked about new forum posts.
- Politics:
- Harding
- Scandals - Tea Pot (formation in Wyoming)
- Albert Fall allowed/sold two private oil companies to buy naval oil land, which wasn't illegal, but he was given bribes which made him really wealthy. Spent a year in prison.
- Other: government officials took bribes and helped bootleggers
- From Ohio and he played poker with friends from Ohio (The Ohio Gang) and gave these people jobs in the gov. - they were dishonest
- Broke the 18th amendment (drank in the White House)
- Cheated on his wife a lot in the White House
- Died of disease in the WH - Coolidge became president
- Scandals - Tea Pot (formation in Wyoming)
- Coolidge
- Popular
- Do as little as possible policies
- Didn't want to spend a lot of money, stayed out of things
- Economy was booming
- Hoover
- From Iowa
- President @ time of the crash and beginning of the Great Depression
- Trickle-Down Theory
- Rich pay less taxes - more tax breaks
- Help the rich out, the money trickles down to middle and lower class people because of more jobs
- Laissez-faire
- Businesses ran with no government interaction
- Rugged Individualism
- It's up to you to decide what to do ... Not the government
- Normalcy (Harding's policy)
- Go back to Isolationism
- Harding
CAN WORK, HAVE WORKED WHEN THE ECONOMY IS PROSPERING
- Entertainment
- Charleston Dance
Tuesday -
- Entertainment
- Greta Garbo
- famous actress
- Clara Bow
- true flapper girl
- Mary Pickford
- Charlie Chaplin
- famous act: dressed up in a tophat, suit, with mustache
- Douglass Fairbanks
- Rudolph Valentino
- Al Jolson in The Jazz Singer
- white people with black paint on their face
- The Marx Brothers
- Harry Houdini
- magician/escape artist
- Babe Ruth
- Yankees
- Jack Dempsey
- boxer
- Gene Tunney
- boxer
- Bobby Jones
- major golfer
- Bill Tilden
- tennis
- Red Grange
- football
- F. Scott Fitzgerald
- W.E.B DuBois
- Greta Garbo
- Causes of the Crash
- NY Stock Exchange
- Dow Jones 30 - 30 largest companies in the United States
- Stock prices were grossly infalted, did not have real value-watered stock prices
- Overspeculation during the 1920s
- Led to watered stock
- "Buying on margin"
- Led to people being in debt and watered stock prices
- Overproduction of goods
- Uneven distribution of wealth
- Too much borrowing from banks
- Federal Reserive increased interest rates
- designed to save banks when people took all of their money out of the bank
- a bank that banks could borrow money from
- Lack of government regulation
Wednesday -
- Economy
- the economy was booming for 1% while the other 75% wasn't making any money at all
- Lines of Credt - Buy Now, Pay Later
- Buying on margin
- GDP slows down after WW1, but speeds up during the 20s
- stirkes were popular after WW1 (its was discourage because of the war effort) but people wanted better hours, pay, benefits
- high tariffs helped but led to the Great Depression
- put tariffs on foreign imports to get people to buy US products
Thursday -
- Cars
- Cars were invented in the late 1800s, but they became known when people were able to buy them aka the 1920s
- Impact:
- faster transportation
- prices go down
- suburbs are created
- more vacation
- more tourist attractions
- steel/rubber companies
- dating
- Model T Ford
- Dodge, Chrysler, Buick
- NASCAR
- Airplanes
- Entertainment
- Charles Lindbergh - first to fly across the Atlantic ocean
- racist
- was going to move to Germany in the late 1930s, he didn't but considered it
- Amelia Earhart
- first woman to fly across the Atlantic
- first person to fly across the Pacific
- disappeared when flying across the Pacific to try to be known as the first person to why around the world
Friday -
- Red Scare (1919-1920)
- the fear of communism started in this time
- Karl Marx - created the Theory of Communism (North Korea, Cuba, China, Vietnam, Laos)
- practice -dictator, totalitarian, less than .1% of the population had internet access
- theory -
- believed that Germany was the perfect place (its was small and industrialized
- the country is classless ... everyone is united, equal, utopian society
- if this would happen, then anarchy ...
- Vladimir Lenin - first leader of the Societ Union - brought communism to Russia
- truely believed that we were going to dissolve government and have the people lead united
- but realized that the country was in shackles
- he dies ... in power for 3 of 4 years
- Stalin takes over
- strengthened the government and put himself in power (killed people who disagreed)
- J. Edgar Hoover
- started the FBI
- head of the FBI for 50+ years
- The Palmer Raids
- A. Mitchell Palmer's house was burnt down
- we have to round up radicals/communists in order to not throw the government
- Ku Klux Clan
- anti-immigrant, anti-jew, anti-black, anti-communist, anti-catholic, racist
- Pushed for immigration laws (The Immigration Act of 1924)
- Wanted: white, homogeneity (culture) people
- W.(hite) A.(nglo-Saxon) S. P.(rotestant)
- Scopes Monkey Trial
- John Scopes - teacher who taught evolution
- went to trial and was found guilty
- Defending - Clarence
- Prosecutor - William Jennings Bryan
- John Scopes - teacher who taught evolution
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