The Politics of Boom and Bust Outline

Postwar Trends

Exhausted:

A-

B-

Unemployment:

A-

B-

Nativism:

A-

Isolationism:

A- Policy of pulling away from involvement in world affairs

The Aftermath of War

1919:

A-

B-

Employers did not want to give raises or join unions:

A-

Boston Police Strike: Governor Calvin Coolidge

Governor- Calvin Coolidge

A-

B-Called in National Guard— “ No right to strike against public safety”

C-

Steel Mill Strike-1919

A-

B-

C-

D-

Naval Conference

Washington Naval Conference-1921-22

A-

5 major powers scrap largest warships

A-

Nine-Power Treaty-1922

A-

Kellogg-Briand Pact

A-Forswear war as an instrument of national policy

B-

C-

D-Useless?

Hiking the Tariff Higher

Fordney-McCumber Tariff- 1922

A-

B-

C- Made it impossible for GB and France to sell enough goods to pay debt

To avoid war:

American banker sent

Dawes Plan-

American investors loaned

GB-

US-

Teapot Dome Scandal

Albert B. Fall

Land transferred from

Secretly leased to

Received more than

Found guilty of

Scandal:

Attorney General Daugherty

A-

B-

Harding goes on speech making tour

A-

B-Pneumonia

C- August 2, 1923

VP-Calvin Coolidge

A- Vermont

B-

C- Honest

D- Thrifty

E-

Frustrated Farmers

Machines-

A Three-Way Race for the White House in 1924

Republicans:

Democrats:

Progressives:

Unraveling the Debt Knot

Overbuying on credit:

Rich got Richer- Poor got Poorer

The Triumph of Herbert Hoover, 1928

Republicans:

Democrats:

President’s Hoover’s First Moves

Agricultural Marketing Act- June 1929

Help Farmers

Federal Farm Board:

Stock Market: Dow Jones Industrial

Most widely used

Measure based on the stock prices of 30 representatives

Bull Market:

The Great Crash ends the Golden Twenties

Speculation:

Buying on Margin:

September 1929:

October 24:

October 29: Black Tuesday

Mid-November:

Great Depression—1929-1940

People Panicked

1929:

1933:

Causes of Depression:

1-

2-

3-

4-

The Depression

Shantytowns:

Soup Kitchens:

Bread Lines:

Children

Lack of money for health care:

Hooked on the Horn of Plenty

Hoover:

Took a cautious

Felt the government should

Direct Relief:

Upset Americans:

Shantytowns:

People wrapped in newspapers:

Empty pockets turned inside out:

Social Effects

Lost will to survive:

Boulder Dam (Hoover Dam)

Finance Dam-

Water Rights-

Helped growth of

Hoover Finally Takes Action

Federal Home Loan Bank Act- 1932

Reconstruction Finance Corporation-1932

Norris-LaGuardia Anti-Injunction Act 1932-

Outlaws

Forbade federal courts to issue injunctions to

Routing the Bonus Army in Washington

Bonus paid to veterans:

Wanted bonus now:

Bill did

Hoover asked

Used army to get

1,000-

2 people

Hoover’s image

Japan

1931:

League of Nations warned to stay out: