Sign Ohio Banking IOU Later

Industry sign banking ohio iou later

hey girls today we are going to be continuing with chapter 20 which is the 1920s and the Great Depression I believe that last time my PowerPoint got weird and so we weren't really able to get all the way through the presentation so we're gonna finish up chapter 20 today and you'll have an assignment that you'd have to submit I'll post a quiz that will be due by Monday we'll do a review session Monday via zoom and then you guys will have a bigger assignment like a like I don't wanna say a test but more accumulative assignment on World War one and then the 1920s right and it'll pretty much be based on how fat like changing factors of World War one impacted the downfall of the American economy the American spirit and things like that so I'll make it Jeopardy for you guys or something and you'll be able to study that way but let's look at chapter 20 right now okay so right we looked at this we looked here I believe we got to post-war trends right isolationism nativism you know people wanting things to go back to normal but also feeling such a fear and animosity towards immigrant communities right which um we still see today the Red Scare right democracies were afraid of the communist movement they were afraid of the United States democracy turning into a dictatorship and bombs were mount to the government into businesses and so Journal mitchell Palmer takes action and these are called the Palmer Raids he hunts down communist anarchists are people who oppose any form of government all right Sacco and Vanzetti were the biggest martyrs in the United State during this time two Italian immigrants who did not believe in a government were arrested long right we had anti-immigration attitudes nativist there are fewer unskilled jobs available and so people were getting angry that the immigrants were calling because they didn't want the immigrants to take their jobs through all this warren g harding so weren't you harding he voices his public desire for normalcy in the states after the war he hosts the washington naval conference and even by two major powers not russia but invites major powers and Secretary of State Charles Evans Hughes proposes disarmament and others agree and in 1928 the kellogg-briand pact um the nations renounce war as a national policy we have high tariffs and reparations right we know that reparations are prices you pay after war you know so we have a fourteen McCumber tariff this raises taxes on US imports to sixty percent we're in France they can't pay the United States back Germany defaults we have the Dawes plan the Dawes plan basically has us investors lend money so people can pay back for the war Britain and France repay and everybody's angry to each other right so we're gonna see a bunch of scanned all start to plague Harding's administration his cabinet right the people who work for him closely his closest advisors he favors limited government that role in business and social reform he creates the Bureau of budget to help run the government and he has capable men in his cabin he has used Herbert Hoover Andrew Mellon he also appoints an Ohio gang these are corrupt friends who caused him in Barriss me we have the Teapot Dome scandal so the Teapot Dome scandal um we have need naval oil reserves that are used for personal gain Interior Secretary Albert befall leases land to private companies and he takes bribes first-person we connect convicted of a felony while in cabinet in August of 1923 Harding suddenly dies and Calvin Coolidge assumes presidency and he restores faith in government after these after these scandals the business of America is business Calvin Coolidge supported big business and Lacey's fair economics meeting hands off the economy did really well under Calvin Coolidge we're gonna see that American industries begin to flourish again he favors minimal government interference in business which allows private enterprise to flourish right we see that they're gonna have a competition this is everything this is exactly what is a Lacey's Fair policy cars are changing people's lives so we're paving roads creating gas stations motels shopping centers families that live in the rural areas like you know in agricultural areas this gives them the opportunity to drive women are driving young people everyone it gives them mobility to get from place to place and really expand the horizons workers that live far from jobs leads to an urban sprawl this is a spread of cities the auto industry economic basis for some cities and this boosts the oil industry so selling automobiles and the create creation of the automobile is creating jobs the automobile itself creates jobs for transportation and obviously cars don't run on oxygen they run on gas so this is gonna boost the oil industry and by the late 1920s there's one car for every five Americans isn't that what Henry Ford said he said that every person would be able to afford a car um social effects of the automobile so society's on-the-go cars our cars are breaking down the barriers between urban and rural America Sunday Drive city folks ride to countryside and country folks went to the city right some of you probably you know live in the suburbs and think to yourself you know I'm gonna take a trip downtown today and some of you who live in a more um a more populated neighborhood you probably think to yourself you do it maybe I want to go walk in the park today right and so you'll drive to the suburbs and go into a park um it breaks down the stability of family life people are leaving to you know chase their dreams or to chase whatever they want so individuals are going their own way and it broke down traditional morality so people are just on the go living out of their cars yeah it's a weird time um if you check out this this poster hmm check out this poster all right clean fly to Cleveland in 90 minutes for 25 bucks right we're here see that the airplane industry starts as mail service for the US Post Office weather forecasting begins planes are carrying radios we have navigation tools the Lockheed company produces popular transport plane of the late 1920s and in 1927 Pan American Airways inaugurates a transatlantic flights so America's standard of living soars standard of living right that means like what what do you need to survive and what is typical for you to have on a daily basis for right now um the standard of living in the US right we have a pretty high standard of living everybody has a phone during times like this everyone's expected to have a computer to continue education people are making money you know and we might see that the standard of living might decrease a little bit during quarantine as people you know are losing jobs and their businesses are going bankrupt but yeah um so incomes are growing at this point so the average annual income rises over thirty five percent we see modern advertising advertising agencies hire psychologists to learn to appeal to the public they make brand names familiar nationwide and they push luxuries as necessities and on the left you can see you know two ads for women's products on the Left business people work with service groups and they promote themselves as benefactors of society we have electrical conveniences factories use electricity to rubbish reads usually you're the development of alternating current gives electricity to suburbs and by the end of the 1920s we have more homes that are beginning to have electrical appliances appliances make housework easier and they free women for other activities so they're not just cleaning their house all day appliances coincide at the trends of women working outside the home as well okay so one in every five Americans had cars a superficial prosperity so most Americans believe that this prosperity will last forever they're the best country on Earth you know these misconceptions productivity increases business expands auto industries merge steel and electrical equipment utilities everyone's merging and creating bigger businesses and creating bigger profits chain stores are developing you know like franchises national banks are allowing to create branches um the income gap between workers and managers managers grow the rich and the poor we're gonna see iron and railroad industries not very prosperous and that the farms are also suffering a loss buying goods on credit right so we're looking at an installment plan you see the poster it says one dollar down you can pay for goods over extended periods with interest the banks provide money at low interest rates and some economists business and business owners think that installment buying is excessive because they want their money now right this is a sign of fundamental weakness behind superficial prosperity you know saying everything's good everything's good on the surface but in reality you know um [Music] in reality it's not as you're seeing you know farmers are suffering robert industries are suffering where you can understand that the railroad industries are suffering because cars are becoming so popular hello yeah I'm teaching a class I gotta go sorry um so making a high risk so purchasing stocks speculation is when you make a high-risk investment hoping that you're gonna get a higher return on your money like if I put down if I pay five dollars into this I'm gonna get back 25 right that's the idea buying on margin is buying stocks are only a portion of what they cost and borrowing the difference and mechanization is an increase in the use of machinery for production allowed I'm sorry excuse me so people using machinery for machinery for production it lets manufacturers produce more in charge less if you can make a sweater if you if it you know if it took someone 10 hours to knit a sweater individually we're out to take some machine ten minutes you can make more and sell them for less which would increase your your profit people are beginning to purchase more cars clothes and appliances on credit meaning not with real money right like an IOU this creates a superficial economy so that's what I have for you that's the end of chapter 20 so do the worksheets and then I will post a quiz for you and then that's a pretty much it girl so thanks a lot hope this was useful and let me know if you have any questions