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8 Cards in this Set
- Front
- Back
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PROHIBITION
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TOPIC 9
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Why was Prohibition introduced?
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- The Anti-Saloon League
-Drinking/going to bars became associated with missing work/not supporting families/wasting cash -Main beers were German, said to be unpatriotic -End of war 3/4 of states prohibition |
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How did Prohibition lead to organised crime?
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-People were willing to pay gangsters for booze
-Many in law enforcement were involved with gangsters, often getting paid to keep quiet -Gangs controlled with protection rackets, murders ran crimes like a business. |
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What impact did Prohibtition and organised crime have on society?
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-Showed corruption in law enforcement
-Crime rates increased dramatically -Showed how flawed the law system was, many involved with gangs |
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COLLAPSE OF THE STOCK EXCHANGE
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TOPIC 10
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What were the weaknesses of the US economy in the 1920's
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-Over-prodcution in new tech, produce
-Lack of credit control, encouraged in speculation -Tariff Policy, can't trade with other countries -Selling shares instead of investing, borrowing cash -Unequal distrubition of wealth |
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What were the causes of the Wall Street Crash?
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-Many bough and sold shares instead of investing for long-term, forcing companies to fork out cash
-As share prices edged down, they sold them for less and less than original price |
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What were the events and immediate consequences of the Wall Street crash?
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-Sept-29 Oct 1929, prices edged down. Black Tuesday they collapsed
-Many went bankrupt, homes were lost -Banks collapsed, savings lost -Demand for goods fell, wages/jobs lost |
