The Twenties Roar to Economic Collapse

1. The Twenties Roar to Economic Collapse 1920-1929

2. The Roaring Twenties • The 1920's in America was a period of opulence and excess that led to the inevitable consequences of the 1930's and the Great Depression. • Our romantic image of the Jazz Age (Roaring Twenties) is hightened by the images of flappers, pin striped suits, Model T's, the Charleston, Prohibition, and Speak Easies

3. Election of 1920 • Warren G. Harding – the man who looked like a President was elected. Calvin Coolidge was his Vice-President • Ran against Democrat James Cox and Vice-President candidate Franklin Delano Roosevelt

4. Ohio Gang Tea Pot Dome Scandal Laissez Faire Supporter Isolationist Died in 1923 Harding

5. Coolidge takes the oath of office given by his father in 1923 “The Business of America is business” Silent Cal Chose not to run again in 1928 Calvin Coolidge becomes President

6. Reputation for public service as an engineer, administrator, and humanitarian. Secretary of Commerce under Presidents Harding and Coolidge President when the stock market crashed in 1929-blamed for the Depression Herbert Hoover elected in 1928

7. Harlem Renassiance • Harlem Renassiance is a period of history that covers when African Americans were able to express themselves through music, art, literature, and social change. • Langston Hughes

8. Harlem Renaissance • Before the 1920's, most white Americans thought African Americans incapable of culture or sophistication. The Harlem Renaissance destroyed such stereotypes. • The Harlem Renaissance also refers to the work of black novelists and poets who lived in, or described the Harlem district of New York during the 1920's and early 1930's. • http://harlem.eb.com/harlemhome.html

9. Lanston Hughes • The night is beautiful, So are the faces of my people, The stars are beautiful, So are the eyes of my people, Beautiful also is the sun, Beautiful also are the souls of my people.

10. Life in the 1900's was a great time period in the history of America. There were many new trends which are still used today like clothing or fashion, inventions and music. Many inventions like automobiles, dishwashers, and radio were made available through installment buying. In fashion, all men and women were suppose to dress in a certain manner. All girls were to wear skirts at all time but no shorter then knee length. The most popular music at the time was jazz of course and anything related to it. One of the famous composers of the time was Duke Ellington.

11. Pianist Edward Kennedy ("Duke") Ellington was recognized in his lifetime as one of the greatest jazz composers and performers. biography and audio clips at town.hall.org from the JFK Center for the Arts Jazz Age

12. Al Capone is America's best known gangster and the single greatest symbol of the collapse of law and order in the United States during the 1920s Prohibition era. Capone had a leading role in the illegal activities that lent Chicago its reputation as a lawless city. Capone – Gangsters of the 20’s

13. Al Capone – King of Chicago

14. St Valentine’s Day Massacre • Feb 14, 1929 7 men of rival Gang leader Bugs Moran Had been shot And killed

15. "Only Capone kills guys like that,” said Bugs Moran - after learning that seven of his men had been killed in a warehouse on Clark Street. Bugs Moran

16. You can paint it any color, so long as it's black Henry Ford

17. Ford’s Assembly Line Method • $5.00 a day wage • By 1914, the moving assembly line enabled Ford to produce far more cars than any other company. The Model T and mass production made Ford an international celebrity.

18. Flappers Fashion statement of the 1920’s. Bobbed hair, dress above the knees, red lipstick and beads, dancing the Charleston

19. Lindbergh comes home! President Calvin Coolidge delivers a speech to honor him and his achievement. Up until May 1927, no human being had ever crossed the great divide that separates the North American and European continents in an airplane non-stop. Charles Lindbergh was the first to do it! Though today the span is traversed countless times every day, Lindbergh stands tall as one of the heroes of aviation! Charles Lindbergh

20. Sacco and Vanzetti

21. Stock Market Craze of 1920’s • I'll have to see my broker • Find out what he can do. • 'Cause I'm in the market for you. • There won't be any joker, • With margin I'm all through. • 'Cause I want you outright it's true. • You're going up, up ,up in my estimation. • I want a thousand shares of your caresses too. • We'll count the hugs and kisses, • When dividends are due, • 'Cause I'm in the market for you.

22. Stock Market Crash of 1929 • Black Tuesday, October 29, 1929. • In order to get out, you had to get your broker to sell your stock at market value. Remember too, that we bought our stock on margin? We are paying interest on a loan for a stock which itself is being used as ollateral. This is called a security. If the stock rises, we gain equity in our speculation because its value has increased. If the stock drops, the reverse is true. The investor must put up the cash to cover the loss. Let’s say we invested in the Red Wagon company, we agreed to put down $1500 for stock worth $15000? Think of it as if we paid all that $15000 all at once. We would own the stock and losses are on paper, still not good. When you own a security, and the stock suffers a loss, you have to cover the call for margin. This is because it is like you owned it and suddenly your broker says 'I need cash to cover your investment'. If you failed to come up with the margin, you risked that the bank would take your investment and go after you for the rest of the bill.

23. 20’s end in Economic Collapse • People were dumping their securities and causing even more downward pressure on the market. There were despondent stockbrokers, in tears hopelessly trying to get in touch with customers for margin. This time, the panic of selling made sure, once and for all, that there was to be no quick fix, that the recovery would be slow and painful. There was not the nearly the recovery of gains seen on Thursday. • The market had crashed.

24. Who Am I?