roaring twenties warren harding calvin coolidge 1920s politics economic boom

Roaring TwentiesRoaring Twenties

Warren HardingWarren HardingCalvin CoolidgeCalvin Coolidge1920s Politics1920s Politics

Economic BoomEconomic Boom

Flappers: new assertive Flappers: new assertive womenwomen

Republicans return to PowerRepublicans return to Power

• Warren G. Harding: “return to Warren G. Harding: “return to normalcy”normalcy”

• Republican policies:Republican policies:– Isolation: minimum foreign involvement Isolation: minimum foreign involvement – Raise protective tariffRaise protective tariff– Andrew Mellon: secretary of TreasuryAndrew Mellon: secretary of Treasury– Cut Taxes: from 77% to 22% (same rev)Cut Taxes: from 77% to 22% (same rev)– Cut gov. spending: from $18 billion to $3 b.Cut gov. spending: from $18 billion to $3 b.

• Teapot Dome Scandal: Albert HallTeapot Dome Scandal: Albert Hall

• Harding dies in office 1923Harding dies in office 1923

Warren G. Harding: 1921-Warren G. Harding: 1921-1923 1923

Calvin Coolidge: 1923-1929Calvin Coolidge: 1923-1929

1920s Politics1920s Politics• Calvin Coolidge: “Silent Cal”Calvin Coolidge: “Silent Cal”

– Non activist governmentNon activist government– People can solve problems, not only gov.People can solve problems, not only gov.– Laissez faire econ with some gov. gauidanceLaissez faire econ with some gov. gauidance– Wins landslide in 1824Wins landslide in 1824

• 1928 Election: Dems pick Al Smith1928 Election: Dems pick Al Smith– Democrats split between two groupsDemocrats split between two groups– Conservative rural V. Liberal urban DemocratsConservative rural V. Liberal urban Democrats– Democrats growing in the cities (same w/ Democrats growing in the cities (same w/

today)today)

• GOP Herbert Hoover president 1929GOP Herbert Hoover president 1929

Charlie Chaplin: Movie Charlie Chaplin: Movie IndustryIndustry

Greatest Economic Boom Greatest Economic Boom • 1920s 7% yearly rate of growth1920s 7% yearly rate of growth

– Economy nearly doubled, unemployment 4%, Economy nearly doubled, unemployment 4%, per capita incomes rose 30%per capita incomes rose 30%

• Second Industrial RevolutionSecond Industrial Revolution

• Electrification: Factories 1902 2% ->1929 Electrification: Factories 1902 2% ->1929 80%. This doubled productivity80%. This doubled productivity– Homes: 1907 1/5 -> 1929 2/3Homes: 1907 1/5 -> 1929 2/3– Appliances, Movies, Radio, Mass advertisingAppliances, Movies, Radio, Mass advertising

• Car Culture: 1920 over 8 million cars Car Culture: 1920 over 8 million cars – 1929 over 23 million cars1929 over 23 million cars

• Urbanization: 100 cities of pop over Urbanization: 100 cities of pop over 100,000100,000

• EducationEducation

Louis Armstrong: The Jazz Louis Armstrong: The Jazz AgeAge

Ira Gershwin: 42 StreetIra Gershwin: 42 StreetPeak of BroadwayPeak of Broadway