Chapter 32 - the Politics of Boom and Bust (1920-1932)

Period 7:1890 - 1945

Chapter 32 - The Politics of Boom and Bust (1920-1932)

Learning Objectives – After reading this chapter you should be able to:

…analyze the domestic political conservatism & economic prosperity of the 1920s.
…explain the Republican administrations’ policies of isolationism, disarmament & high tariff protectionism.
…compare the easy going corruption of the Harding administration with the straight-laced uprightness of his successor Coolidge.
…describe the international economic tangle of loans, war debts & reparations; and indicate how the U.S dealt with it.
…discuss how Hoover went from being a symbol of twenties business success to a symbol of depression failure.
…explain how the stock-market crash set off the deep & prolonged Great Depression.
…indicate how Hoover’s response to the depression was a combination of old-time individualism and the new view of federal responsibility for the economy.

Identify the Historical Significance of the following –

Describe the Historical Significance of the following –

See page 2 for Glossary

To build your social science vocabulary, familiarize yourself with the following terms.

nationalization - ownership of the major means of production by the national or federal government

dreadnought - a heavily armored battleship with large batteries of twelve-inch guns

accomplice - an associate or partner of a criminal who shares some degree of guilt

reparations - compensation by a defeated nation for damage done to civilians and their property during a war

pump-priming - in economics, the spending or lending of a small amount of funds in order to stimulate a larger flow of economic activity