flappers women got the right to vote. (19 th amendment)women got the right to vote. (19 th...
TRANSCRIPT
Flappers
• Women got the right to vote. (19th amendment)
• They had more choices such as:Whether or not to get married, be a housewife, have children, or have a career.
Flappers were considered reckless rebels. They had short sleek hair. They wore a shorter than average shapeless shift dress. They wore make-up and put it on in public. (just like El Dorado girls) They exposed their legs in public.
Fashion
HARLEM RENAISSANCEIn large northern cities, especially New York City’s neighborhood of Harlem, African Americans created environments that stimulated artistic development, racial pride, a sense of community and political organization, which
led to a massive creative out-pouring of African American arts. This became
known as the HARLEM RENAISSANCE.
Negro Nationalism glorified black culture, traditions, pride and unity. It encouraged economic gain and political power, but also voiced the need for separation and independence from whites.
Many Americans bought on the INSTALLMENT PLAN, making down payments and the rest on monthly payments. Paying off debt left money to purchase goods.
What especially hurt the farmers and intensified the Depression was the raising of taxes on imports through the HAWLEY-SMOOT TARIFF.
In return, Foreign corporations did not buy American exports.
Bull Market - a steady rise in the stock market over a period of time.Bear Market - period during which the stock market falls steadily.
As a BULL Market continued in the 1920’s, many investors bought stock on MARGIN (on credit from a broker-installment plan), only making small cash down payments.
This was considered safe as long stock prices continued to rise. If the STOCK began to FALL, the broker could issue a MARGIN CALL demanding that the investor repay the loan immediately.
Investors were unable to make money to repay their loans.
As stockbrokers advised their customers of MARGIN CALLS, customers responded by placing all their stocks up for sale, causing the stock market to fall even further.
On October 29, 1929, stock prices fell dramatically on BLACK TUESDAY, resulting in a $10 to $15 Billion loss in value.
The Stock Market CrashFrom Riches to Ruin
• Many wealthy families lost everything• Some even committed suicide• Millions of people who never owned a single stock
lost their jobs, farms and homes• The crash triggered a much wider, long term crisis
known as the Great Depression• The Depression lasted from 1929 to 1941 • The Depression had a ripple effect that hurt the
economies of other countries
