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Luicery Gomez
PoliticsThe Election of 1928
Democratic candidate: Alfred E. Smith,
former governor of New York
Republican candidate: Herbert Hoover,
a Midwesterner
• The Eighteenth Amendment (1920) banned the making or selling of alcohol, which became known as prohibition.
The Noble Experiment
· Some people made their own illegal liquor known as moonshine.
Why did prohibition fail?
Economics
A Booming Economy: The 1920’s
Income increases
People purchase more goods
Companies earn higher profits
Companies expand and hire more people
“Boom Cycle”
The following industries grew as a result of the booming car industry:
construction (roads and bridges)
steelrubber
glass
paint
oil
housing (as the suburbs grew)
* Employment and the standard of living increased.
* As World War I ended, technology focused on consumer goods. Ex) radios, washing machines, telephones, and cars
* An increase in wages caused an increase in buying power.
1925 RCA Radiola Super VIII
· The goals of the resurrected Ku Klux Klan were to preserve the U.S. for white native-born Protestants.
Society & CultureThe New Klan
Ku Klux Klan members parading along Pennsylvania Ave. in Washington, D.C., Aug. 18, 1925
· The Klan targeted immigrants, Catholics, Jews, and African-Americans.
The Ku Klux Klan reached its greatest strength in the 1920’s, with a membership of over three million people.
· Many African-Americans moved north during and after World War I in search of factory jobs.
Responding to Racism
Jacob Lawrence, The Migration Series (Panel 1)
What’s a Stock Broker?
• A stock broker is a qualified professional who buys and sells shares in the stock market.
• A typical job of a stock broker would be to help a client invest money. After the investment, a percentage of the profit is then given to the stock broker.
Luck plays a big part in investing as well.
Why Buy Stocks and Shares?
• People buy (and “invest”) stocks and shares to earn $MONEY$. They believed money would “multiply”.
• Buying stocks at LOWi, and selling at HIGHh.
• For example, when 1,000 shares of stocks is put into $1.00 worth stocks that rise to $1.50, $500 is earned.
Stocks can be a quick way to earn money!Investing is a form of earning money.
1,000 $1.00 stocks/shares
INVEST! ($1.00 increases to $1.50)
1,500 $1.50 stocks/shares ($500 profit)
Wall Street
• Located in lower Manhattan, New York.
• It is a street that features many large financial office buildings and companies where stocks are traded, including:
• NYSE New York Stock Exchange, • NASDAQ
, • AMEX American Exchange, • NYMEX New York Mercantile
Exchange, • NYBOT New York Board of Trade
etc.
A section of Wall Street today. The building on the right (with the
American flag) is the main NYSE office building.
National Association of Securities Dealers Automated
Quotations
Stocks and Shares in the 1920’s
• During this period of time, stocks and shares rose at a phenomenal rate.
• Stocks rose by 65%.• Wages increased by
25%.• People began
borrowing money to invest.
• In 1929, Wall Street crashed - America went into debt.
+65%+25%
America’s wealth in the 1920’s
UH
OH
!
