Please enable JavaScript.
Coggle requires JavaScript to display documents.
USA 1919-39 (Consequences of the Crash (poverty (everyone moved, fathers…
USA 1919-39
-
Reaction to WW1
the treaty of Versailles was drawn up, Woodrow Wilson wanted peace to be based on his 14 points
-
Americans had to off to war meany felt this was unjust as many people felt like they did not need to get involved
-
-
after the war industry began to decline as factories in Europe opened again, america was not longer the world banker when it came to supplies
Made money of sending food may of the farms and factories in Europe has been destroyed food rations were low
-
20s Prosperity
as industry grew more jobs were created, unemployment decreased
The boom, people were able to buy more, it became acceptable to be in debt, more people were buying, industry get much better people became richer
the roaring 20s, the role of women changed, people had more money, people could buy cars and go away of holiday
mass production, making things like cars became faster and more affordable
-
20s Intolerance
farmers during the 1920s had a hard time, they and bought lots of land during the war which was not worthless, they were growing more food than was needed so the prices fell driving then into bankruptcy
intolerance grew, people were becoming more segregated, the blacks saw how they were being treated in Europe from that war and wanted the same in the US
the wall street crash in 1929 mean that people stocks were worthless and all f their savings and pensions were lost
people who did not live is cities did not get the benefit of booming industry and were off worse in the 20s than before
-
Growth of Isolationism
the league of nations was not accepted by most Americans as they were being sucked in to the situation in Europe
-
financial isolationism the us still had a policy of laissez faire meaning that they would not get involved with business. but had to make some exceptions to make economic independence more secure, they introduced the emergency tariff act, budget accounting act and the revenue act
-
Wall Street Crash
Events
-
-
Shares plummeted, prices fall
Bankruptcy of larger corporations, closure of banks
Causes
Uneven wealth distribution - workers did not get profits, so demand could not rise as fast as production
Overproduction - industry producing more than people could buy - layoffs, unemployment
Banks were unregulated, unstable and gambled depositors money on the stock exchange
Brokers provided expensive loans to enable investors to buy shares, when the stock market crashed, investors could not pay back their loans
Import duties had been placed on European goods - other nations found it difficult to sell goods to the US - so they had lower income and had to borrow from the US + became increasingly depending on the US. When the US went down, others followed.
-
Structural problems in the Economy - Boom depended on lots of spending, which relied upon lots of loans. Couldn't handle a downturn in demand.
Social Developments
it was now acceptable for women to drink and smoke, they were treated more like men and were free to wear what they wanted, in the 20s it was not uncommon to see women competing for jobs with men in cities
society changed with the invention of radios and movies, stereotypes were pushed to the side and things like Jazz was frequently played on the radio
-
but segregation began to take is modern form, black people usually would do all of the unwanted jobs and were paid less, blacks and whites would use different facilities such as buses and drinking fountains, this was especially bad in the south
-
-