Politics and Economics of the Jazz Age

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Politics and Economics of the Jazz Age

• Coach Presnell

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Admin. Issues

• WWI Homework Packet due today or Monday.
• 1920s homework packet due next Wednesday.
• Quiz returned on Monday

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Objectives

• Understand the political, social and economic
  dynamics of the 1920s and their effect on US
  History.
• Understand the economy of the 1920s.
• Determine the possible factors that led to the
  economic collapse of 1929.

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1920s Government Main Ideas
1920s Consumer Economy Main Ideas
Roaring 20s Main Ideas
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The Jazz AgeChapter 10, Sections 1 and 2
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The Jazz AgeChapter 10, Sections 1 and 2

• The Harding Administration
• PRESIDENT HARDING STAFFED HIS ADMINISTRATION WITH
  POLITICAL FRIENDS FROM OHIO HIS PRESIDENCY WAS
  MARRED BY MANY SCANDALS.
• (Page 362)

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The Jazz AgeChapter 10, Sections 1 and 2

• The Harding Administration
• Former Senator elected in 1920 during the
  recovery from WWI, campaigns on normalcy
• 1) A call for a national budget program (which
  was vetoed by his predecessor).2) National debt
  reduction3) Tax reduction4) An emergency tariff
  to protect American industry and farm
  commodities.5) Farm relief legislation (farm
  bankruptcies were up 20 from 1914).6)
  Immigration restrictions to protect American
  jobs.
• Good appointments overshadowed by The Ohio Gang
• Teapot Dome
• 300,000 to Al Hall for lease of oil rich lands
• Amidst other scandals in 1923, Harding dies

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The Jazz AgeChapter 10, Sections 1 and 2

• Silent Cal Takes Over
• Opposite of Harding
• Dismisses The Ohio Gang, keeps good Cabinet
  members
• Policies continue prosperity found after WWI
• Easily elected to President again in 1924

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Check on Learning

• What was the Ohio Gang?
• What was the Teapot Dome Scandal?
• Explain Hardings plan to Return to Normalcy
• What kind of President was Calvin Coolidge?

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The Jazz AgeChapter 10, Sections 1 and 2

• Policies of Prosperity
• DURING THE 1920S, THE GOVERNMENT CUT TAXES AND
  SPENDING TO ENCOURAGE ECONOMIC GROWTH.
• (Page 365)

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The Jazz AgeChapter 10, Sections 1 and 2

• Andrew Mellon
• Chosen to be Secretary of the Treasury
• Three Goals
• Balance the budget
• Reduce debt
• Cut taxes
• Supply Side Economics

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Check on Learning

• What were the three economic goals of the
  Coolidge Administration?
• What is supply side economics?

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Confused?
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The Jazz AgeChapter 10, Sections 1 and 2

• Trade and Arms Control
• DURING THE 1920s, THE UNITED STATES TRIED TO
  PROMOTE PEACE AND STABILITY THROUGH ECONOMIC
  POLICIES AND ARMS CONTROL AGREEMENTS.
• (Page 366)

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The Jazz AgeChapter 10, Sections 1 and 2

• Trade and Arms Control
• US now the dominant economic world power
• The Isolationist view becomes outdated
• Dawes Plan brings about European economic
  recovery
• The Washington Conference ensures a period of
  peace
• Kellogg-Briand Pact abolishes war

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Check On Learning

• What is the Isolationist view and why did it
  become outdated?
• What did the Dawes Plan do?

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The Jazz AgeChapter 10, Sections 1 and 2

• The Rise of New Industries
• MASS PRODUCTION AND THE ASSEMBLY LINE ALLOWED NEW
  INDUSTRIES, SUCH AS AUTOMOBILE AND AIRPLANE
  MANUFACTURING, TO GROW
• (Page 368)

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The Jazz AgeChapter 10, Sections 1 and 2

• The Rise of New Industries
• Ford puts production of his Model T on the
  assembly line
• 1925, Ford Model T made every 10 seconds
• Spawns imitators, GM and Chrysler
• Rubber, steel, glass industries grow

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Check On Learning

• Who was Henry Ford?
• What is a Model T and why is it important?
• Explain how an assembly line works.

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The Jazz AgeChapter 10, Sections 1 and 2

• Workers Take Part in the Wealth
• Better pay
• Better hours
• Paid vacation
• Prices of manufactured goods goes down
• All due to reduced manufacturing costs

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The Jazz AgeChapter 10, Sections 1 and 2

• Consumer Goods and New Products
• More disposable income spurs on many new products
• Home cleansers, personal hygiene become big
  concerns
• For the first time, air travel becomes a business
• Radio becomes a mainstay in American life,
  production soars

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Madame CJ Walker
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Check On Learning

• How did workers begin to be allowed to
  participate in wealth?
• What is disposable income?
• What were some consumer goods and services that
  come about during the 1920s?

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The Jazz AgeChapter 10, Sections 1 and 2

• The Consumer Society
• CONSUMER CREDIT AND ADVERTISING HELPED TO CREATE
  A NATION OF CONSUMERS.
• (Page 372)
• America transitions from a nation of thrift and
  savings to one of consumption.

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The Jazz AgeChapter 10, Sections 1 and 2

• The Consumer Society
• New middle class emerges with increased wages and
  new managerial structures
• Mass advertising emerges to attract new middle
  class consumers
• 75 of radios and 60 of cars bought on credit,
  some become overextended

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The Jazz AgeChapter 10, Sections 1 and 2

• Welfare Capitalism
• Profit sharing, stock options, pensions and
  health care emerge
• Reduces the need for unions
• Women, minorities dont get to share in the new
  wealth
• Farmers, meanwhile, stuck in a Quiet Depression
  throughout the 1920s

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Check on Learning

• What is welfare capitalism?
• What does it mean that the US became a consumer
  economy in the 1920s?
• Who wasnt sharing in the wealth?

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The Jazz AgeChapter 10, Sections 1 and 2

• Practical Exercise
• You have three cartoons from the 1920s. Write a
  four square organizer on the following prompt
• After viewing this cartoon from the 1920s, how
  does it exhibit the social dynamics and economic
  developments of the 1920s?
• (Hint, what is in the cartoon, what does it mean
  and how did it make the people back then feel?)

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The Jazz AgeChapter 10, Sections 1 and 2
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• Cartoon Two