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During this time after the first world war America was financially unstable and went through a massive economic depression, and then America was attacked at Pearl Harbor during the second term of FDR's administration, forcing America to be drawn into another bloody war in Europe and the Pacific.
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The Teapot Dome scandal was a bribery scandal involving the Warren G. Harding administration from 1921 to 1923. Secretary of the Interior Albert Bacon Fall had leased Navy petroleum reserves at Teapot Dome in Wyoming, as well as two locations in California, to private oil companies at low rates without competitive bidding. Convicted of accepting bribes from the oil companies, Fall became the first presidential cabinet member to go to prison; no one, however, was convicted of paying the bribes. -
By 1927, more than 60 percent of American automobiles were sold on credit, and installment purchasing was made available for nearly every other large consumer purchase. Consumer expenditures for household appliances, for example, grew by more than 120 percent between 1919 and 1929. Henry Ford’s assembly line, brought automobiles within the reach of middle-income Americans and further drove the spirit of consumerism. By 1925, Ford’s factories were turning out a Model-T every ten seconds. -
The Great Depression was an economic depression that took place during the 1930s, beginning in the United States. It was the longest and most widespread depression of the 20th century. The Great Depression started in the United States after a major fall in stock prices on September 4,1929, the stock market crash of October 29, 1929, known as Black Tuesday.Some economies started to recover by the mid-1930s. The negative effects of the Great Depression lasted until the beginning of World War II. -
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939. The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt. -
World War II, lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all the great powers—forming two opposing military alliances: the Allies and the Axis. In a state of total war, directly involving more than 100 million personnel from more than 30 countries. World War II was the deadliest conflict in human history, resulting in 70 to 85 million fatalities. Tens of millions of people died because of genocides, and the worlds witness the use atomic weapons. -
Pearl Harbor, "A day that will live in infamy!" The grim words of president Franklin D. Roosevelt after the surprise attack by the Japanese on the U.S. military base at Pearl Harbor. The attack forced U.S. entry into WW2. The raid was designed to eliminate the United States as a threat to the rapid Japanese expansion in the Pacific. It did slow the mobilization of the U.S. military, but the United States were able to make an air raid on Tokyo in the mainland of Japan as early as April 18, 1942.