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1920's (Sect. 1 & 2)
Warren G. Harding
President who called for a return to normalcy following WWI
Flood of new, affordable goods in the decades after WW1
A residential district located on the outskirts of a city
Father of scientific management
Efficient production of large numbers of identical goods
United States manufacturer of automobiles who pioneered mass production (1863-1947)
A long line of workers and equipment where one worker or group of workers does one job.
Product that help create new jobs/oppurtunities in America and also led to more constuction and building of new places
Washing Machines, Vacuums, Irons, Refridgerators, Radios & Ovens
New products that came out during the 1920's to help make people's lives easier.
Consumers buys products by promising to pay small, regular amounts over a period of time
Refers to a strong, productive Market
Shares or parts of a Company
Buying on Margin
An option that allowed investors to purchase a stock for only a fraction of its price and borrow the rest
Part of the earnings of a corporation that is distributed to its shareholders
Tall steel frame buildings, which were a big part of the USA's new urban environment
Taxes on foreign goods
Harding's Poker Buddies who used the Government to get rich
Stole money from the Veteran's Bureau
Stole oil from the U.S. Navy. Went to jail for 1 year
Teapot Dome Scandal
Scandal during the Harding administration involving the granting of oil-drilling rights on government land in return for money
Became president when Harding died. Tried to clean up scandals. Business prospered and people's wealth increased. Very different from Harding
Washington Naval Conference
Conference that was held in an attempt to put a limit on the size of Nation's navies
Said that war should always be the absolute last option for any country. An agreement that would basically make war illegal.
Plan that was created where the US would loan money to Germany so that Germany could its' reparations to Europe so that the US could get its' money back from Britain