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29 terms

1920's (Sect. 1 & 2)

STUDY
PLAY
Warren G. Harding
President who called for a return to normalcy following WWI
Consumer Revolution
Flood of new, affordable goods in the decades after WW1
Urban
City
Rural
Country
Suburb
A residential district located on the outskirts of a city
Frederick Taylor
Father of scientific management
Mass Production
Efficient production of large numbers of identical goods
Henry Ford
United States manufacturer of automobiles who pioneered mass production (1863-1947)
Assembly Lines
A long line of workers and equipment where one worker or group of workers does one job.
Automobile
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.
Installment Buying
Consumers buys products by promising to pay small, regular amounts over a period of time
Bull Market
Refers to a strong, productive Market
Stock
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
Dividend
Part of the earnings of a corporation that is distributed to its shareholders
Skyscrapers
Tall steel frame buildings, which were a big part of the USA's new urban environment
Laisses-faire
"Hands-Off"
Tariffs
Taxes on foreign goods
Ohio Gang
Harding's Poker Buddies who used the Government to get rich
Charles Forbes
Stole money from the Veteran's Bureau
Albert Fall
Stole oil from the U.S. Navy. Went to jail for 1 year
Lynch
Hanging
Teapot Dome Scandal
Scandal during the Harding administration involving the granting of oil-drilling rights on government land in return for money
Calvin Coolidge
Became president when Harding died. Tried to clean up scandals. Business prospered and people's wealth increased. Very different from Harding
Silent Cal
Coolidge's nickname
Washington Naval Conference
Conference that was held in an attempt to put a limit on the size of Nation's navies
Kellogg-Briand Pact
Said that war should always be the absolute last option for any country. An agreement that would basically make war illegal.
Dawes Plan
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