Roaring 20's Economy

Draw

Draw Mr. G (Be Nice)

Roaring 20's Economy

The Roaring Twenties, a near-decade marked by curiosity and increased economic freedom for many, was a time of innovation. Endless advancements were made from art and entertainment to household appliances to medicine.

• Demobilization refers to converting from a War time economy to peace time.

• After the WW1, Soldiers returned home and looked for work, their old jobs.

• Economic production shifted from making weapons to making household items.

Demobilization

Reorder

Reorder process of Demobilzation in America in early 1920's

• World War 1 Ends

• Soldiers Return Home

• America moves from War to Peactime Economy

• Women and African Americans lost their jobs to soldiers

1

2

3

4

• 1
• 2
• 3
• 4

• ​Tariffs are taxes on imported goods. (Products made in another country)

• The U.S. Government implemented tariffs to protect American Businesses.

Tariffs

• ​Tariff on imports to force Americans to buy American goods because imported products became more expensive.

• Other countries put high tariffs on U.S., which lead to less world trading.

​​Fordney-McCumber Act

Multiple Choice

A tariff is a tax on

• Exports

• Domestic Goods

• Imports

• Taxports

Multiple Choice

A can of Colombian coffee cost $10 to produce. The Fordney-McCumber Tariff issued 25% tariff on imported goods. What is most likely cost of a can Colombian coffee in the United States?

• $15.50

• $13.50

• $14.50

• $12.50

• Legal bannning of the manufacture, sale, and transportation of alcoholic beverages in the United States from 1920 to 1933 under the terms of the Eighteenth Amendment.

• Crime organizations known as Bootleggers continued to produce alcohol since Americans still wanted to get lit asf.

​

Prohibition

Multiple Choice

What loophole in the Eighteenth Amendment did people take advantage of in order to consume alcohol?

• Getting wasted drinking

• Smuggling alcohol

• Selling Alcohol

• Making it at the crib

Refers to the "Roaring" economic boom of the time period.

​​Roaring 20's

Americans saw the benefits of increased wages in new industries.

​​Wages

Large-Scale production and consumption of Cars, Movies, Radio and Electrical Appliances

​​Large Industires

Americans were introduced to buying with CREDIT!

​​New Market Practices

​Roaring 20's

Match

Match the following Roaring 20's Economic stuff

• Prohibition

• University of Miami

• Demobilization

• Roaring 20's

• Tariffs

18th Amendment

Hurricane of 1926

From War Time to Peace Time Economy

Booming economic time period

Used to protect American Businesses

• 18th Amendment

• Hurricane of 1926

• From War Time to Peace Time Economy

• Booming economic time period

• Used to protect American Businesses

• President Warren Harding's boys worked for him and made super shady deals with an oil company in Teapot Dome Wyoming.

• Regarded as the biggest scandal in American Politics until Watergate Scandal.

Teapot Dome Scandal