1920's section 1 republican presidents


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1920's section 1 republican presidents

  1. 1. From Boom to Bust: The 1920’s A look at a decade full of Elephants. The BOOM
  2. 2. Section Objectives – The Boom <ul><li>1. Describe key features of the Republican administrations of the 1920’s. </li></ul><ul><li>2. Describe how the growth of a consumer economy changed American life. </li></ul>
  3. 3. A Decade of Extremes – Early 20’s <ul><li>By 1920, Americans were glad to wave goodbye to WWI. </li></ul><ul><li>War weary Americans began the 1920’s hoping for a sense of “normalcy”. </li></ul>I’m not
  4. 4. A Decade of Extremes – Early 20’s <ul><li>Americans began to feel good because businesses were booming with new innovations for everyday life. </li></ul><ul><li>The Roaring 20’s was a fitting description of early 20’s life. </li></ul>
  5. 5. *March of the Elephants* <ul><li>The 1920’s also has a nickname called the Republican Decade. </li></ul>
  6. 6. President Harding <ul><li>Warren Harding is going to be the first in a string of Republican presidents. </li></ul><ul><li>Harding’s goal was to make the U.S. strong by isolating it from the rest of the world. </li></ul>Follow me boys!!
  7. 7. *President Harding* <ul><li>Harding’s foreign policy became known as isolationism. </li></ul><ul><li>In order to make the U.S. and world safer, he asks nations to agree to disarmament , or a program of voluntarily giving up weapons. </li></ul>
  8. 8. Keeping Cool with Coolidge <ul><li>Calvin Coolidge becomes president after Harding’s untimely death. (remember the curse?) </li></ul><ul><li>Coolidge brings back a sense of laissez-faire like never before. “The Business of the American people is Business”. </li></ul><ul><li>The Republican presidents push for rapid economic growth by loosening restrictions on business. </li></ul>
  9. 9. Keeping Cool with Coolidge…or Gifford <ul><li>The Coolidge administration is best known for keeping out of government. </li></ul><ul><li>In the election of 1928, Republicans nominate Herbert Hoover who will be the last of the string of Republican presidents. </li></ul>Hats off to Gifford, he’s mega cool! But my slogan is better.
  10. 10. Big Business = Big Money <ul><li>Republican Presidents help Business </li></ul><ul><li>Big Business creates new/more goods </li></ul><ul><li> </li></ul><ul><li> Fill in this spot with the answer </li></ul>+ The 1920’s economy was thriving.
  11. 11. Big Business = Big Money <ul><li>Republican Presidents help Business </li></ul><ul><li>Big Business creates new/more goods </li></ul><ul><li> Consumer Economy : economy based upon large volume of consumer buying </li></ul>+ The 1920’s economy was thriving.
  12. 12. *The Evil Credit Monster Rears its Ugly Head* <ul><li>For the first time in history, Americans begin to buy many of the new consumer goods on credit and start to use Installment plans </li></ul>Credit Monster and Sidekick Interest I
  13. 13. Leaders of this new era of Business <ul><li>Two of the most famous businesses to grow during the prosperity of the 1920’s were General Electric and Ford Motor Company. </li></ul><ul><li>These two companies offered household goods and automobiles at prices the everyday worker could afford or afford on credit. </li></ul><ul><li>The top 200 industries doubled in value in the 1920’s, but their prosperity was built upon a faulty foundation that will tumble by 1929. </li></ul>
  14. 14. How Does GE Make Moola? INVESTORS!
  15. 15. Welcome to the Wonderful World of the Stock Market Investing, Gambling or both?
  16. 17. What is Stock? <ul><li>Let’s say Giff Co. sells stock. </li></ul><ul><li>They have 100 shares of stock to sell. </li></ul><ul><li>You buy 10 shares….you now control 10% of the voting rights in that company. </li></ul>
  17. 18. What is stock? <ul><li>It’s ownership in a company!!!!!! </li></ul><ul><li>The more stock you buy, the more of a company you control. </li></ul>
  18. 19. How much GE stock is there? 4,400,000,000 Shares X $37.39 $173,228,000,000
  19. 20. How Much is a Stock Worth? <ul><li>If there is a high demand….price goes UP. </li></ul><ul><li>If there is low demand……price goes DOWN. </li></ul><ul><li>Look up a stock quote! </li></ul>
  20. 21. This is the value of 1 share of stock from the nation's top 65 companies added together.