Boom and Bust
Terms in this set (42)
The simpler days before the Progressive Era and WWI.
Republican President elected in 1920 under the promise to "Return to Normalcy".
Inventor of Model T automobile and mass production/assembly line.
Production method that breaks down a complex job into a series of smaller tasks.
Large-scale purchasing of material goods, much of it on credit.
Arrangement to receive goods or services now and pay for them in the future.
Payments that the borrower uses to repay a loan.
Secretary of Treasury throughout the BOOMing 1920s who instituted reduced government spending, lower taxes to the wealthy, and higher tariffs on foreign goods.
Economically BOOMing and socially busy time during the 1920s (making more, working less).
Young women of 20s who challenged social traditions with their dress and behavior.
F. Scott Fitzgerald
Famous Minnesotan author who wrote "The Great Gatsby" critiquing consumerism of the 20s.
Famous Minnesotan author who wrote "Main Street" critiquing small town America.
Forbidding the production, sale, and consumption of alcoholic beverages.
Movement of hundreds of thousands of African Americans from the rural south into Northern cities between 1914 and 1920.
When African-American achievements in politics, arts, and pride was "reborn".
Harlem Renaissance poet who wrote the poem "If We Must Die" after the Chicago riot of 1919.
African American poet who described the rich culture of African American life using hope and defiance as major themes.
Famous African American musician during the Harlem Renaissance.
Trumpet player and famous for his sense of rhythm and his ability to improvise.
The most influential figure in jazz.
Female blues singer who played and important role in the Harlem Reniassance.
First African American Senator elected from a Northern State who legislated "President's Day" in tribute to Lincoln.
Advocated mass migration of African Americans back to Africa.
Support of black pride and economic development instead of integrating with the white community.
Government rules of taxing and spending, established by the treasurer.
Occurs when production of goods exceeds the demand for them.
Uneven Distribution of Wealth
Increasing gap between the richest Americans and the poorest Americans.
High tax for imports leading to less trade between America and foreign countries.
A period of increased stock trading and rising stock prices.
A stock market with declining stock prices.
Purchase of stock with a low interest loan.
Stock Market Crash
Value of stocks fell so low, people were left with huge debts and banks ran out of money
October 29, 1929; the day the stock market crashed. Lead to the Panic of 1929.
Loss of confidence in a bank that leads to large withdrawals- contributing to the depression.
Issued free food, provided by charitable organizations or public agencies.
Places where the hungry could get a free meal during the depression.
When the Great Plains region was hit by drought and dust storms in the early 1930s
Republican President during the first part of the Great Depression who refused intervene
Shantytowns, named after the president whom many blamed for their distress
Dam on the Colorado River built during the Great Depression to create jobs.
WW1 veterans marching outside the White House to get their bonuses.
1932 Presidential Election
Franklin D. Roosevelt (democrat) was elected over Hoover (republican). 472 electoral votes to Hoover's 59