STATE OF MIND- people believed the good economy would last forever
NEW INDUSTRIES- Ford introduced production line
REPUBLICAN POLICIES- no gov. interference, high import tax, low internal tax
WW1- supplies sold to Europe, European rivals unable to compete
INDUSTRIAL STRENGTH- rich in natural resources, large work forces
Negatives
32% of USA's wealth went to 5% of richest people
Grain farmers had surplus>deflation, no interference from gov.
Traditional industries struggled against modern rivals
Farmers blamed black sharecroppers> KKK have 4 million members by 1925
Immigration act of 1924 limited number of
immigrants who could enter US from any country
to 2% of the number of people from that country
who were already living in the US in 1980 and
completely excluded the immigration of asians
Roaring 20's
ADVERTISING
HOLLYWOOD
FLAPPERS
DANCE CRAZES
SPORTS
JAZZ MUSIC
RADIO
CARS
Red scare
all immigrants were communist
W.A.S.P's
"Communist revolution in 1920"- President
Mitchell Palmer
1929- No Asian immigrants, N Europeans were to be
85% of immigrants and no more than 150,000
immigrants per year