Prosperity Depression VUS 10 Lesson 1 Prosperity Depression

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Prosperity & Depression VUS. 10 Lesson 1

Prosperity & Depression VUS. 10 Lesson 1

Prosperity & Depression 1. After World War I, the United States changed from wartime

Prosperity & Depression 1. After World War I, the United States changed from wartime to peacetime production. This period of prosperity was fueled by new technologies like the automobile and the radio. 2. Many Americans had money to buy consumer goods. Unemployment went down as corporations hired more workers to meet the need to produce more goods.

Prosperity & Depression 3. Mass media advertising persuaded people to buy more consumer goods.

Prosperity & Depression 3. Mass media advertising persuaded people to buy more consumer goods. Advertisers implied that these new goods would enhance a person’s image or make them socially acceptable.

Prosperity & Depression 4. This consumer economy helped to change American society and culture.

Prosperity & Depression 4. This consumer economy helped to change American society and culture. Radio, movies and newspapers reached a large number of people and produced a new national culture. National Culture From the East coast to the West coast we all want the same things.

Prosperity & Depression 5. Women became a symbol of this new society as some

Prosperity & Depression 5. Women became a symbol of this new society as some women challenged the traditional role of women. These women, called Flappers, cut their hair, wore short dresses, worked outside the home and voted.

Prosperity & Depression 6. Concerned about the moral direction of the society, Congress passed

Prosperity & Depression 6. Concerned about the moral direction of the society, Congress passed the 18 th Amendment in 1920. This amendment prohibited the manufacturing and sale of alcohol.

Prosperity & Depression 7. The demand for alcohol was strong. Bootleggers produced and sold

Prosperity & Depression 7. The demand for alcohol was strong. Bootleggers produced and sold alcohol illegally. Illegal bars called speakeasies developed. This led to organized crime and gangsters.

Prosperity & Depression 8. Another source of conflict in society was the clash of

Prosperity & Depression 8. Another source of conflict in society was the clash of traditional Christian views, called Fundamentalism, with new scientific theories. One such clash was over Darwin’s Theory of Evolution. versus

Prosperity & Depression 9. Because theory of evolution contradicts the Bible’s version of creation,

Prosperity & Depression 9. Because theory of evolution contradicts the Bible’s version of creation, many religious leaders encouraged state legislatures to ban the teaching of evolution in public schools.

Prosperity & Depression 10. In Tennessee a young science teacher named John Scopes challenged

Prosperity & Depression 10. In Tennessee a young science teacher named John Scopes challenged the state law. The Scopes Trial gained national attention and alarmed Christians across the country. In the end, Scopes was found guilty. Clarence Darrow & William Jennings Bryan

Prosperity & Depression 11. Racial tensions between whites and African Americans rose in the

Prosperity & Depression 11. Racial tensions between whites and African Americans rose in the 1920 s, and the Ku Klux Klan became powerful again. They not only targeted blacks, but also Catholics, Jews and immigrants. The KKK was against anyone who was not white, Anglo. Saxon and Protestant.

Prosperity & Depression 12. The United States emerged from World War I as a

Prosperity & Depression 12. The United States emerged from World War I as a global power. The stock market boom and optimism of the 1920 s were generated by investments made with borrowed money. There was excessive expansion of credit. 13. When businesses failed, the stocks lost their value, prices fell, production slowed, banks ran out of money and collapsed, and unemployment became widespread.

Prosperity & Depression 14. Bank deposits were invested in the stock market. In October

Prosperity & Depression 14. Bank deposits were invested in the stock market. In October 1929 when the stock market crashed, the banks had no money. October 29, 1929

Prosperity & Depression 15. Clients panicked and attempted to withdraw their money from the

Prosperity & Depression 15. Clients panicked and attempted to withdraw their money from the banks, but there was nothing to give them. With no new investments, many banks went out of business. Bank Failure