The Twenties Roar to Economic Collapse

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The Twenties Roar to Economic Collapse

• 1920-1929

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The Roaring Twenties

• The 1920's in America was a period of opulence
  and excess that led to the inevitable
  consequences of the 1930's and the Great
  Depression.
• Our romantic image of the Jazz Age (Roaring
  Twenties) is hightened by the images of flappers,
  pin striped suits, Model T's, the Charleston,
• Prohibition, and Speak Easies

3
Election of 1920

• Warren G. Harding the man who looked like a
  President was elected. Calvin Coolidge was his
  Vice-President
• Ran against Democrat James Cox and Vice-President
  candidate Franklin Delano Roosevelt

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Harding

• Ohio Gang
• Tea Pot Dome Scandal
• Laissez Faire Supporter
• Isolationist
• Died in 1923

5
Calvin Coolidge becomes President

• Coolidge takes the oath of office given by his
  father in 1923
• The Business of America is business
• Silent Cal
• Chose not to run again in 1928

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Herbert Hoover elected in 1928

• Reputation for public service as an engineer,
  administrator, and humanitarian.
• Secretary of Commerce under Presidents Harding
  and Coolidge
• President when the stock market crashed in
  1929-blamed for the Depression

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Harlem Renassiance

• Harlem Renassiance is a period of history that
  covers when African Americans were able to
  express themselves through music, art,
  literature, and social change.
• Langston Hughes

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Harlem Renaissance

• Before the 1920's, most white Americans thought
  African Americans incapable of culture or
  sophistication. The Harlem Renaissance destroyed
  such stereotypes.
• The Harlem Renaissance also refers to the work of
  black novelists and poets who lived in, or
  described the Harlem district of New York during
  the 1920's and early 1930's.
• http//harlem.eb.com/harlemhome.html

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Lanston Hughes

• The night is beautiful,
• So are the faces of my people,
• The stars are beautiful,
• So are the eyes of my people,
• Beautiful also is the sun,
• Beautiful also are the souls of my people.

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Life in the 1900's was a great time period in the
history of America. There were many new trends
which are still used today like clothing or
fashion, inventions and music. Many inventions
like automobiles, dishwashers, and radio were
made available through installment buying.
In fashion, all men and women were
suppose to dress in a certain manner. All girls
were to wear skirts at all time but no shorter
then knee length. The most popular music at the
time was jazz of course and anything related to
it. One of the famous composers of the time was
Duke Ellington.
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Jazz Age

• Pianist Edward Kennedy ("Duke") Ellington
  was recognized in his lifetime as one of the
  greatest jazz composers and performers.
• biography and audio clips at town.hall.org from
  the JFK Center for the Arts

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Capone Gangsters of the 20s

• Al Capone is America's best known gangster and
  the single greatest symbol of the collapse of law
  and order in the United
• States during the 1920s Prohibition era.

• Capone had a leading role in the illegal
  activities that lent Chicago its reputation as a
  lawless city.

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Al Capone King of Chicago
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St Valentines Day Massacre

• Feb 14, 1929
• 7 men of rival
• Gang leader
• Bugs Moran
• Had been shot
• And killed

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Bugs Moran

• "Only Capone kills guys like that, said Bugs
  Moran - after
  learning that seven of his
  men had been killed in a
  warehouse on Clark Street.

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Henry Ford

• You can paint it any
• color, so long as
• it's black

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Fords Assembly Line Method

• 5.00 a day wage
• By 1914, the moving assembly line enabled Ford to
  produce far more cars than any other company. The
  Model T and mass
• production made Ford an international celebrity.

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Flappers

• Fashion statement of
• the 1920s. Bobbed hair,
• dress above the knees, red
• lipstick and beads, dancing
• the Charleston

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Charles Lindbergh

• Lindbergh comes home!
• President Calvin Coolidge delivers a speech to
  honor him and his achievement. Up until May 1927,
  no human being had ever crossed the great divide
  that separates the North American and European
  continents in an airplane non-stop. Charles
  Lindbergh was the first to do it! Though today
  the span is traversed countless times every day,
  Lindbergh stands tall as one of the heroes of
  aviation!

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Sacco and Vanzetti
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Stock Market Craze of 1920s

• I'll have to see my broker
• Find out
  what he can do.
• 'Cause I'm
  in the market for you.
• There
  won't be any joker,
• With
  margin I'm all through.
• 'Cause I want
  you outright it's true.
• You're going
  up, up ,up in my estimation.
• I want a
  thousand shares of your caresses too.
• We'll count
  the hugs and kisses,
• When
  dividends are due,
• 'Cause I'm
  in the market for you.

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Stock Market Crash of 1929

• Black Tuesday, October 29, 1929.
• In order to get out, you had to get your broker
  to sell your stock at market value. Remember too,
  that we bought our stock on margin? We are
  paying interest on a loan for a stock which
  itself is being used as ollateral. This is called
  a security. If the stock rises, we gain equity in
  our speculation because its value has increased.
  If the stock drops, the reverse is true. The
  investor must put up the cash to cover the loss.
  Lets say we invested in the Red Wagon company,
  we agreed to put down 1500 for stock worth
  15000? Think of it as if we paid all that 15000
  all at once. We would own the stock and losses
  are on paper, still not good. When you own a
  security, and the stock suffers a loss, you have
  to cover the call for margin. This is because it
  is like you owned it and suddenly your broker
  says 'I need cash to cover your investment'. If
  you failed to come up with the margin, you risked
  that the bank would take your investment and go
  after you for the rest of the bill.

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20s end in Economic Collapse

• People were dumping their securities and causing
  even more downward pressure on the market. There
  were despondent stockbrokers, in tears hopelessly
  trying to get in touch with customers for margin.
  This time, the panic of selling made sure, once
  and for all, that there was to be no quick fix,
  that the recovery would be slow and painful.
  There was not the nearly the recovery of gains
  seen on Thursday.
• The market had crashed.

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Who Am I?
In 1926 I became the first woman to swim the English Channel? In 1927 I became the first man to fly solo, nonstop across the Atlantic Ocean? I was the leader of the gang in Chicago the lawless city of the 1920s?
I wrote the Great Gatsby because of the decadence of the 1920s? I started producing my Model T by using the assembly line? I was the male love idol of the 1920 movies?
I was a black author and poet of the 1920s? I was the baseball legend of the 1920s? I cut my hair short, wore short dresses and went to social events of the 1920s?