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Canceled Contracts
After WWI the governments canceled billions of contracts for weapons and other necessities. Because of this factories didn't need to hire people, so lots of people lost their jobs. -
The Volstead Act
The Volstead Act closed every bar, tavern, and saloon in the United States. Drove the sale for alcohol. People would sneak alcohol. -
1920's
In the 1920's lots of things changed. People started living in cities instead of on farms. People were able to make more money. People from coast to coast bought the same and did the same things. It was a very happy time for people in the cities. The flapper is a very familiar figure for the 20's. The 18th amendment guaranteed voting rights for women. Millions of women worked in white collared jobs, and were able to participate in more activities. -
Social Conflict
Conflicts between city dwellers and small towns. Conflicts between Protestants and Catholics. Blacks, whites, flappers, and old family values. -
Stock Market Crash
People stopped spending money so factories went out of business. Investors began selling off the stocks that they owned, which created an imbalance. On Thursday 10/24/1929 12.9 million shares were traded away, which is known as Black Thursday. Five days later, known as black Tuesday, 16 million more shares were traded away. Because of this panic swept Wallstreet. Millions of shares were worthless and left investors bankless. -
Franklin D. Roosevelt
In 1932 he won an overwhelming victory against Herbert Hover. The rise of Hitler. Global trade dropped 69%. Germany and Austria were hit pretty hard. Germany was trying to become a stronger republic. People were losing faith in their governments. Most people didn't know how bad Hitler was. When the Great Depression began he US was without any social security. -
American Unemployment
Close to 15,000,000 employees were unemployed. Half of the countries banks had failed. -
The Great Depression
The Great Depression was from 19. It affected a lot of other places around the world. The longest lasting economic downfall in the US. Stock market crashed. Businesses had a lot of trouble and had to fire people -
Social Security
The Social Security act was passed by congress. This gave Americans unemployment and retirement for the first time; government takes money and saves it for you. -
1920's pt.2
Many Americans had extra money because of credit, and spent it on things they didn't necessarily need like ready-to-wear clothes, electric refrigerators, and radios. People started going to the movies and listening to the radio more. The automobile was a big part of the 20's, and only costed $260. Highways started developing. People used these cars to go dancing.