Transcript The Roaring Twenties Mr. Doherty / Mrs. T.

The Roaring Twenties
Mr. Doherty / Mrs. T.
Warren G. Harding
“Back to Normalcy”
•A return to life as it had been before the war.
1920 Election
The Ohio Gang
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Group of Harding’s
friends who became
cabinet members &
used their power as
ways to enrich
themselves.
Became notorious for
many scandals.
Teapot Dome Scandal
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Two oil executives bribed Secretary of
Interior, Albert Fall, who leased Gov’t land in
California and Teapot Dome, Wyoming.
Albert Fall was sent to prison.
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1923 Harding Dies of Heart Attack
Recession

Recession is an
economic slump
Decline in
Production / Employment
Less
Consumption
Lower
Income
New Inventions
Advertisements
Economic Growth

Much of the economic growth of the 1920s
was created by sales of new goods.
Installment Buying

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Buying items on credit.
Pay back the amount
you owe plus interest.
“Buy now pay later”
SCR Back of Page 2
Bull Market
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1920’s, more people
are investing in stocks
than ever before.
Some people became
rich almost overnight.
Bull Market – A period
of increased stock
trading and rising stock
prices.
Kellogg-Briand Pact
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Disarmament – Reduction of armed forces
and weapons of war.
U.S. and 61 other nations signed
the Kellogg-Briand Pact that
outlawed war.
Did not set up any means to
keep the peace  Treaty
failed