1920-1930’s study guide • 1. The 1920s were a time of rapid social change in which many people – particularly women – adopted new lifestyles and attitudesTraditional values were challenged • 2. By 1930 29% of the workforce was women. • Flappers were young women who wore short dresses, smoked, danced, and drank in public • 3. Magazines and newspapers created a common culture, MUSIC AND NEWS-The radio audience and the African American migration to the cities made jazz popular • Until 1927 movies were silent then the talkies • 4. Fundamentalists in Tennessee passed a law saying that evolution could not be taught in schools. – 1925, high school biology teacher, John Scopes taught it and was arrested 5. Prejudice against non-whites, nonChristian, non-Protestants, Jews, immigrants, etc. • 6. OVERSPECULATION IN STOCK MARKET-BORROWING TOO MUCH MONEY TO BET ON STOCKS • D-DEPOSITS IN THE MARKET • E-EXCESSIVE CREDIT • B-BANKRUPTICIES • O-OUT OF MONEY-BANK RUNS • 10/29/29 • 7. BANKS HAD NO MONEY TO GIVE AND PEOPLE PANICKED • NO INVESTMENT 8. HIGH TARIFFS-HAWLEY-SMOOT TARIFF • OVERPRODUCTION OF GOODS/FOOD • FEDERAL RESERVE FAILED TO STOP COLLAPSE OF THE NATION’S BANKING SYSTEM LEADING TO SEVERE SHORTAGE OF MONEY IN CIRCULATION • STOCK MARKET CRASH-1929-COLLAPSE STOCK PRICES-OVERSPECULATION • Herbert Hoover 9. The public wanted escapist movie entertainmentfor example musicals, gangster, comedies RADIO programs-mysteries, westerns • 10. Collapse of financial system • Unemployment /Homelessness – Rises to 25% within 4 years • Farm foreclosures and migration • Union Unrest • Decline in the demand for goods • 11. LOST FARMS • THE DUST BOWL • BECAME MIGRANT WORKERS (CALIFORNIA)-poorest of the poor-think MIGRANT MOTHER PICTURE 12. Franklin D. Roosevelt (FDR) is elected President promising to end the Depression 13. The only thing we have to fear is fear itself – 14. Relief for the needy –Economic Recovery –Financial Reform 15. Works Progress Administration (WPA)-direct payment for immediate help Ex. Built roads, schools Social Security Act- safeguards for workers Agricultural Adjustment Act (AAA)-Made farmers reduce production of foods to drive the price up FDIC(Federal Deposit Insurance Corporation)insures peoples money in banks Securities and Exchange Commission (SEC)oversees the stock market • 16. CHANGED THE ROLE OF THE GOVERNMENT INTO SOLVING PROBLEMS • • • • **THE LEGACY OF THE NEW DEAL is 1) TO DELIVER PUBLIC SERVICES, 2)TO INTERVENE IN THE ECONOMY 3)TO PROMOTE GENERAL WELFARE. 18. Old age pensions for retirees 65 and older 2)Unemployment compensation 3) Aid to families with dependent children and the disabled 19. The Great Depression is ended by the industrial demand for goods caused by World War II. 20. Writers: Zora Neale Hurston, F. Scott Fitzgerald and Langton Hughes Movie Stars: Clark Gable, Marlene Dietrich, James Cagney, Vivian Leigh, Fred Astaire and Ginger Rogers Painters: Edward Hopper, Thomas Hart Benton and Grant Wood. Radio Stars: Orson Welles, Bob Hope and Jack Benny.