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Canceled Government Contracts
After the war, the government canceled billions of dollars of worth of arms contracts with companies making war provisions.American economy in a downward spiral. -
Period: to
The Roaring 20's
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18th Amendment
16 January 1920 - Volstead Act goes into affect at midnight. Closes every tavern, bar, and saloon = Prohibition
Speak easies and crime increase -
American Cities
More Americans live in cities than on farms. -
19th Amendment
The 19th Amendment to the United States Constitution guarantees voting rights to women. -
First Commercial Radio Station
In Pittsburg, the first commercial radio station was created. They called it KDKA. 3 years later there were more then 500 stations over the country. -
Ford Model T
Only cost $260 per car -
Conflicts
City dwellers vs. Small town folks
Religious disputes mainly between Catholics and protestants
Blacks vs. whites
New woman (flapper) vs. traditional family values -
Stock Market Crash
Investors sell of shares and stocks. A record 12.9 Million shares were traded. October 24 1929 was known as black Thursday. 5 days later on black Tuesday, 16 million more shares were traded after. People were panicking about the market. -
Period: to
The Great Depression
Deepest and longest economic downturn in the history of the western industrialized world. For 7 years people didn't buy anything -
Franklin D. Roosevelt
Franklin D. Roosevelt beats Herbert Hoover in the Presidential Election. -
American Unemployment
15 million americans were unemployed. Nearly half of the countries banks failed. -
Social Security
Congress passed the social security act. The government takes money out of your salary so when you retire or you need extra money, you can draw money from that.
