-
After the war, the government canceled billions of dollars of worth of arms contracts with companies making war provisions.American economy in a downward spiral.
-
-
16 January 1920 - Volstead Act goes into affect at midnight. Closes every tavern, bar, and saloon = Prohibition
Speak easies and crime increase -
More Americans live in cities than on farms.
-
The 19th Amendment to the United States Constitution guarantees voting rights to women.
-
In Pittsburg, the first commercial radio station was created. They called it KDKA. 3 years later there were more then 500 stations over the country.
-
Only cost $260 per car
-
City dwellers vs. Small town folks
Religious disputes mainly between Catholics and protestants
Blacks vs. whites
New woman (flapper) vs. traditional family values -
Investors sell of shares and stocks. A record 12.9 Million shares were traded. October 24 1929 was known as black Thursday. 5 days later on black Tuesday, 16 million more shares were traded after. People were panicking about the market.
-
Deepest and longest economic downturn in the history of the western industrialized world. For 7 years people didn't buy anything
-
Franklin D. Roosevelt beats Herbert Hoover in the Presidential Election.
-
15 million americans were unemployed. Nearly half of the countries banks failed.
-
Congress passed the social security act. The government takes money out of your salary so when you retire or you need extra money, you can draw money from that.
