Flashcards
History
Cards in this deck (33)
- 1January 1920Volstead Act-Prohibition became law in the USA.
- 2November 1920Warren G Harding (Republican) elected President of the USA.
- 31921Emergency Tariff Act - taxes on foreign farm products. Boll Weevil (beetle) destroyed 30% of cotton crop in USA
- 41922Harding introduces Fordney McCumber tariff (tax) on imported goods.
- 51923Harding dies - Calvin Coolidge takes over as US President.
- 61924National Origins Act strictly limited immigration - it discriminated against Southern and Eastern Europe.
- 71925More speakeasies in Chicago than there was legal bars in 1919 Al Capone takes over as Chicago Gangland Boss. Membership of the KKK increased to 5 million.
- 81927Sacco and Vanzetti executed for armed robbery. One Model T Ford rolling off production lines every 10 secs. First 'talking' movie released.
- 91928Number of millionaires in USA reaches 35,000 strikes amongst low paid coal miners in North Carolina Herbert Hoover (Republican) elected as US President.
- 1019294.8 million cars manufactured in USA.
New Radio network, NBC making $150 million a year.
Number of share-owners in USA reaches 20 million (4 million in 1920)
Industrial production falls for the first time in 4 years.
Valentines Day Massacre - Al Capone's men murder 7 members of rival Bugsy Moran's gang. - 1124 October 1929'Black Thursday' - share prices on US stock market plummeted. 13 million shares were sold in one day.
- 12Economic BoomA period of rapid economic growth.
- 13RepublicanUS political party - favours big business
- 14Laissez FaireRepublican policy that meant government should not interfere in business.
- 15TariffsTaxes put on goods from abroad - making them more expensive than home produced goods.
- 16Stock MarketPlace where investors buy and sell shares
- 17SpeculationGambling on the stock market
- 18Hire-PurchaseBuying with credit, aka "buy now pay later"
- 19Assembly LineUsed by Henry Ford - workers remain in one place while cars move past slowly on conveyor.
- 20OverproductionProducing more goods than can be sold in US markets.
- 21Poverty LineThe point below which families cannot afford basics for living (food, housing, clothing, etc.)
- 22Consumer goodsGoods bought by individuals for their homes
- 23Roaring 20sTerm used to describe increase in entertainment in 1920s
- 24FlappersYoung, urban women who smoked and drank with men in public and wore daring outfits
- 25IntolerancePrejudice against people of different race, religious beliefs or political beliefs
- 26CommunismPolitical system where wealth in divided equally and the government controls the economy .
- 27Red ScareFear of Communism and Communists from E. Europe
- 28ProhibitionBan on production , transportation and sale of alcohol
- 29CorruptionUse of money or gifts to bribe officials into ignoring law breaking.
- 30MoonshineIllegal alcohol distilled by Americans during Prohibition.
- 31SpeakeasyAn illegal bar, often disguised as another business
- 32BootleggerSupplier of illegal alcohol
- 33ProsperityPeriod of wealth