Economic Events of the 1920s

Timeline created by dchen554
  • Period: to

    Depression of 1920-1921

    A recession at the beginning of the decade with a high amount of deflation in the value of products. The amount of production also went down in America and other parts of the world.
  • The Great Steel Strike Ends

    The Great Steel Strike Ends
    The steel strike that happened in 1919 that included steel workers and other producers caused many workers to go on strike for better working conditions and wages. This was unsuccessful, and people had to go back to work with little changes in what they wanted.
  • Phipps Act

    Phipps Act
    The Federal Aid Highway Act of 1921 or Phipps Act was an act passed by president Warren G. Harding for more interstate construction. This increased a lot of jobs for building highways, and it also allowed more people to travel easier, getting jobs in different places. It also helped transporting goods as now they could be done over the highways.
  • Railway Shopmen's Strike

    Railway Shopmen's Strike
    The Great Railroad Strike of 1922 or the Railway Shopmen's Strike was one of the largest strikes in the labor force. This was started by some railroad organizations who were fed up with being paid a minuscule amount for the dangerous work they do. This put a halt in construction, and it was ended in August with the result being some improvements in labor.
  • Fordney–McCumber Tariff

    Fordney–McCumber Tariff
    It raised the amount of tariffs on imports, so America could expand their own economy by giving farmers and manufacturings more opportunities to produce goods at a cheaper amount.
  • Ford Exceeds $1 Billion

    Ford Exceeds $1 Billion
    The market capitalization or value of Ford increased to over $1 billion. This creates more jobs and revenue for American factories and producers.
  • Johnson–Reed Act

    Johnson–Reed Act
    An immigration act that was started in 1924. Its purpose was to limit immigration from undesirable countries such as Africa, Asia, and the Middle East for American homogeny. This limited the amount of workers that were available to work in different regions, but it also gave more jobs to American workers compared to immigrants.
  • Release of the Jazz Singer

    Release of the Jazz Singer
    The Jazz Singer was the first movie to be released with sound. This caused the decline of the silent film industry and caused a move to invest in movies where there was sound. It also increased the amount of people viewing movies as they had a chance to hear what was going on instead of reading.
  • Mickey Mouse Created

    Mickey Mouse Created
    Walt Disney released his first animated cartoon Mickey Mouse in the animated short, Steamboat Willie. This created a new industry for animated cartoons for people to invest in, and it began the success of Walt Disney which lead to a lot more innovation down the line.
  • Stock Market Crash of 1929

    Stock Market Crash of 1929