Why did the Great Crash have such a significant impact on the USA
by Ronan Kratt
1. Socialist Party
1.1. the Socialist Party in America was born and grew dramatically between 1900 and 1912
1.2. socialism is the belief and the hope that by proper use of government power, men can be rescued from their helplessness in the wild cycling cruelty of depression and boom
2. William Foster and the Workers Party
2.1. William Foster ran for presidency in 1924, 1928, and 1932
2.2. wished the ultimate demise of communism
2.3. a major factor in the steel strike of 1919
2.4. originally a part of the Socialist Party before becoming a communist
3. Prohibition
3.1. banned alcohol from 1920-1933
3.2. increased organized crime
3.3. ratified by the 18th Amendment
3.4. repealed by the 21st Amendment
3.5. Temperance Movement
3.5.1. a social movement against the consumption of alcoholic beverages
4. Cultural Change
4.1. Women’s Suffrage
4.1.1. the right of women to vote in elections
4.2. Women in the workforce
4.3. 19th Amendment
4.3.1. prohibits the states and the federal government from denying the right to vote to citizens of the United States on the basis of sex
4.4. Jazz Music
5. Immigration
5.1. Immigration Act of 1924
5.1.1. strict limiting immigration system
5.2. only allowed 2% per nationality
5.3. shrank foreign population from 13.2% to 11.6% in a decade
6. The Economy
6.1. in the 1920s economy grew 42%
6.2. average income increases from 6,640$ to 8,016$
6.3. the economy changed from a traditional economy to free market economy
6.4. stock market was increasing by 20% per year
7. Social Liberation
7.1. Equal Rights for America Amendment 1923
7.2. Flappers
7.2.1. women who dressed in short skirts and had floppy hair
7.3. 1925 first women’s governor
7.4. 1928 women competed in the Olympics
8. Equality
8.1. Universal Negro Improvement Association
8.2. Detroit's population booms and economic prosperity increases
8.3. Harlem Renaissance
8.3.1. a period during the 1920s when African-American achievements in art, literature and music flourished
9. Unemployment
9.1. steep drop in consumer spending and industrial output
9.2. unemployment rose because companies couldn’t afford to pay them
9.3. taxes rose which decreased the spending power of the consumers
9.4. no unemployment insurance
9.5. reached 25% unemployment
9.6. suicide and depression rates increased
9.7. crime increased
10. Fall in Prices
10.1. half of all banks failed
10.2. international trade by 60%
10.3. overall prices fell 10% per year
10.4. economy shrank 50%
10.5. orphanages increased by 50%
11. Mass Migration
11.1. many white families during the 1930’s began moving West to California because of The Great Depression
11.2. roughly 300,000-400,000 people moved from the Midwest out to the western areas of the nation
11.3. they moved west looking for harvest jobs in California as the agricultural industry there was booming
12. Crime Rates
12.1. many turned to illegal activities such as bootlegging, robbing banks, loan-sharking, and murdering people
12.2. during the depression people were looking for jobs and joining organized crime was a way for them to support their families
12.3. In HollyWood these gangsters were depicted as heroes that helped people
13. Changing Family Life
13.1. life was tough for families during the depression
13.2. it was difficult to provide for your families
13.3. many people had to make sacrifices for their families including new jobs
14. Social/Cultural Effects
14.1. college rates dropped
14.2. malnutrition rates increased
14.3. people began to play board games and other small activities for entertainment because movies were too expensive
14.4. marriages were also decreasing
15. Changes in Political Ideas
15.1. the government increased relief spending
15.2. the government contributed to the crisis by laying off employees and making cuts to health care, education, and other social programs
15.3. by the end of 1933, the government owed $100 million
16. Prosperity
16.1. 1920s was a decade of unprecedented income
16.2. Henry Ford’s assembly line
16.2.1. first moving assembly line for the mass production of an entire automobile