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8 Cards in this Set
- Front
- Back
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main ideas during the roaring 20's
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new inventions/inovations
changes in society Harlem Renessiance economy boom--problems in the economy |
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Why did new inventions have an effect on the roaring 20's
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more people bought new things because they had more money to spend=>Made America richer because the people who invented them got rich but also because they could trade them.
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what changed in society in the roaring 20's
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young people as a group rebel
women more out there in society African Americans more successful Harlem renaissance |
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why did the roaring 20's happen
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things were cheaper=>they could buy more
Average income increated stock market rose/mor people invested everyone is making money cause of ww1 |
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problems in the economy
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the prosperity hid the fact that industries in trouble
people borrowed money to buy stocks couldn't repay bought on speculation and margin people thought economy would only go up--that's what Hoover predicted economic bubble |
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how did the roaring 20's lead to the depression
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people were buying things with money they didn't have thinking economy would never go down but when it did they freaked out--black tuesday
couldn't repay banks=>closed bought without any research/information |
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What did Coolidge/Hoover do that made things get worse
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C. believed that it's not the gov. job to help w/ economic/ social problems
Hoover did things that backfired Bonus Army Hoover said economy would only go up |
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buying on margin
Bonus Army speculation |
payed only some of the stock an borrowed the rest
veterans went to washington because they wanted their ww1 bonuses buying/selling a stock wanting a quick profit |
