Podcast
Questions and Answers
What was the major contributing factor to increased consumerism during the Roaring Twenties?
What was the major contributing factor to increased consumerism during the Roaring Twenties?
- Decreased production of consumer goods.
- High taxation rates that encouraged saving.
- Government regulations on business that lowered prices.
- Increased availability of credit and advertising. (correct)
All three Republican presidents of the 1920s supported interventionist foreign policies.
All three Republican presidents of the 1920s supported interventionist foreign policies.
False (B)
Which of the following policies implemented by the Republican Party during the 1920s was designed to protect American businesses from foreign competition?
Which of the following policies implemented by the Republican Party during the 1920s was designed to protect American businesses from foreign competition?
- Regulation
- Laissez Faire
- Tariffs (correct)
- Low Taxation
The 'Laissez Faire' economic policy supports government intervention in business and individual financial activities.
The 'Laissez Faire' economic policy supports government intervention in business and individual financial activities.
What was Warren Harding's campaign slogan in the 1920 election?
What was Warren Harding's campaign slogan in the 1920 election?
Identify two key factors that contributed to increased consumerism in America during the 1920s.
Identify two key factors that contributed to increased consumerism in America during the 1920s.
The policy of _______ involved taxes on goods coming into America, which led people to buy American-made products.
The policy of _______ involved taxes on goods coming into America, which led people to buy American-made products.
Match the economic policies with their descriptions during the 1920s:
Match the economic policies with their descriptions during the 1920s:
The increased availability of ______ allowed poorer people to purchase larger items.
The increased availability of ______ allowed poorer people to purchase larger items.
How did the stock market contribute to the economic growth of the 1920s?
How did the stock market contribute to the economic growth of the 1920s?
How did the selling of shares contribute to business expansion during the 1920s?
How did the selling of shares contribute to business expansion during the 1920s?
Mass production involves producing small quantities of customized products.
Mass production involves producing small quantities of customized products.
The economic policies of the Republican Party in the 1920s involved increased government regulation of businesses.
The economic policies of the Republican Party in the 1920s involved increased government regulation of businesses.
Match the term with its description.
Match the term with its description.
Give an example of an invention people bought during the 1920s
Give an example of an invention people bought during the 1920s
Which of the following best describes the sentiment of the 'Lost Generation'?
Which of the following best describes the sentiment of the 'Lost Generation'?
What was a primary reason the United States Congress declined to join the League of Nations?
What was a primary reason the United States Congress declined to join the League of Nations?
The Treaty of Versailles was viewed by most Germans as fair and just.
The Treaty of Versailles was viewed by most Germans as fair and just.
What economic trend characterized the U.S. immediately after World War I?
What economic trend characterized the U.S. immediately after World War I?
Following World War I, the US returned to a policy of __________.
Following World War I, the US returned to a policy of __________.
Match the following economic consequences to their respective countries after World War I:
Match the following economic consequences to their respective countries after World War I:
What was the primary source of American wealth following World War I?
What was the primary source of American wealth following World War I?
The United States was in debt after World War I.
The United States was in debt after World War I.
What was ironic about the flow of money between the United States, Germany, Britain, and France after World War I?
What was ironic about the flow of money between the United States, Germany, Britain, and France after World War I?
Flashcards
Roaring Twenties
Roaring Twenties
A period of economic prosperity and cultural change in the 1920s in the US.
Return to Normalcy
Return to Normalcy
Warren Harding's campaign slogan promising a return to pre-WWI conditions.
Low Taxation
Low Taxation
A policy that reduces taxes to increase consumer spending and business growth.
Laissez Faire
Laissez Faire
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Tariffs
Tariffs
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Consumerism in the 1920s
Consumerism in the 1920s
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Credit and Hire Purchase
Credit and Hire Purchase
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Stock Market Growth
Stock Market Growth
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Consumer Goods
Consumer Goods
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Production Line
Production Line
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Mass Production
Mass Production
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Lost Generation
Lost Generation
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Treaty of Versailles
Treaty of Versailles
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Fascism
Fascism
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Isolationism
Isolationism
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Loaning to Germany
Loaning to Germany
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American Economic Boom
American Economic Boom
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American Resources
American Resources
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War Reparations
War Reparations
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J. Paul Getty's Quote
J. Paul Getty's Quote
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Study Notes
Treaty of Versailles Terms
- Article 231 established War Guilt Clause, blaming Germany for WWI.
- Germany lost territory, including Alsace-Lorraine and parts of Rhineland, demilitarized zones, along with Saar coalfields, Danzig.
- Germany's army was limited to 100,000 men, with no air force, submarines, or more than six battleships.
- Germany was ordered to pay £6.6 billion in reparations.
- Germany lost all its overseas colonies, placed under League of Nations control.
German Reaction to the Treaty
- Germans resented the Treaty of Versailles, feeling unfairly blamed.
- Loss of 10% of land meant a 12.5% population loss.
- Reparations were crippling for Germany's struggling economy.
- Mass demonstrations against the treaty occurred in Berlin.
American Policy
- President Woodrow Wilson struggled to gain US support for the League of Nations.
- The US chose isolationism, prioritizing its own security.
- Americans were generally against becoming involved in European affairs.
- The ocean's natural borders were viewed by many as sufficient protection.
German Economic Woes
- Germany was forced to borrow heavily from American banks to fulfil reparation payments.
- The US economy experienced a boom after the war, so loans were readily available.
- The Dawes and Young plans outlined financial arrangements, helping Germany initially, but ultimately proved unsustainable.
- The Great Depression impacted the US economy and caused a recall of loans.
- This economic collapse severely damaged the German economy and contributed to political instability.
US Economic Boom
- The US economy boomed in the 1920s, driven by industrial growth.
- High demand for products from other nations fueled production.
- Abundance of natural resources like coal, iron, oil, and gas supported growth.
- Technological advancements such as the assembly line boosted production efficiency.
Consumerism and Stock Market
- Low taxes and growing businesses boosted consumer spending in the US.
- Advertising encouraged consumerism, driving demand for new products and technologies.
- Easy credit and hire-purchase schemes made buying more accessible.
- The stock market experienced a period of rapid growth.
- Increased stock market value created a false sense of continued prosperity.
The Lost Generation
- The "Lost Generation" refers to people who came of age during and after WWI.
- Many suffered during or witnessed the violence of the war.
- Many felt disillusioned and lost the direction.
- The phrase, coined later, describes their state of disorientation.
Republican Policies
- Warren Harding, Calvin Coolidge, and Herbert Hoover were Republican presidents in the 1920s.
- They favored isolationist policies for the US.
- They used a "return to normalcy," promoting minimal government involvement in businesses.
- Policies included low taxes, "laissez-faire" economics (reduced government regulation), and tariffs.
Production Lines
- Production lines dramatically increased efficiency in manufacturing, particularly automobiles.
- Standardized parts and assembly lines sped up production.
Urbanisation
- The 1920s witnessed significant population shift from rural areas to urban centers.
- Increased automobile usage eased urban living and access to employment.
- Suburbs were established as living areas outside cities.
Distribution of Wealth
- Wealth distribution in the US became uneven.
- The wealthiest 5% controlled the largest portion of the wealth; others fell behind amid growth in certain sectors, creating a gap.
- Traditional industries suffered, unlike the burgeoning new sectors.
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Description
The quiz covers the harsh terms of the Treaty of Versailles imposed on Germany after World War I, including territorial losses, military restrictions, and hefty reparations. It explores the resentful German reaction to the treaty and the American policy of isolationism and lack of support for the League of Nations.
