luicery gomez. politics the election of 1928 democratic candidate: alfred e. smith, former governor...
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Luicery Gomez
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PoliticsThe Election of 1928
Democratic candidate: Alfred E. Smith,
former governor of New York
Republican candidate: Herbert Hoover,
a Midwesterner
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• The Eighteenth Amendment (1920) banned the making or selling of alcohol, which became known as prohibition.
The Noble Experiment
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· Some people made their own illegal liquor known as moonshine.
Why did prohibition fail?
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Economics
A Booming Economy: The 1920’s
Income increases
People purchase more goods
Companies earn higher profits
Companies expand and hire more people
“Boom Cycle”
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The following industries grew as a result of the booming car industry:
construction (roads and bridges)
steelrubber
glass
paint
oil
housing (as the suburbs grew)
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* Employment and the standard of living increased.
* As World War I ended, technology focused on consumer goods. Ex) radios, washing machines, telephones, and cars
* An increase in wages caused an increase in buying power.
1925 RCA Radiola Super VIII
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· The goals of the resurrected Ku Klux Klan were to preserve the U.S. for white native-born Protestants.
Society & CultureThe New Klan
Ku Klux Klan members parading along Pennsylvania Ave. in Washington, D.C., Aug. 18, 1925
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· The Klan targeted immigrants, Catholics, Jews, and African-Americans.
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The Ku Klux Klan reached its greatest strength in the 1920’s, with a membership of over three million people.
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· Many African-Americans moved north during and after World War I in search of factory jobs.
Responding to Racism
Jacob Lawrence, The Migration Series (Panel 1)
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What’s a Stock Broker?
• A stock broker is a qualified professional who buys and sells shares in the stock market.
• A typical job of a stock broker would be to help a client invest money. After the investment, a percentage of the profit is then given to the stock broker.
Luck plays a big part in investing as well.
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Why Buy Stocks and Shares?
• People buy (and “invest”) stocks and shares to earn $MONEY$. They believed money would “multiply”.
• Buying stocks at LOWi, and selling at HIGHh.
• For example, when 1,000 shares of stocks is put into $1.00 worth stocks that rise to $1.50, $500 is earned.
Stocks can be a quick way to earn money!Investing is a form of earning money.
1,000 $1.00 stocks/shares
INVEST! ($1.00 increases to $1.50)
1,500 $1.50 stocks/shares ($500 profit)
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Wall Street
• Located in lower Manhattan, New York.
• It is a street that features many large financial office buildings and companies where stocks are traded, including:
• NYSE New York Stock Exchange, • NASDAQ
, • AMEX American Exchange, • NYMEX New York Mercantile
Exchange, • NYBOT New York Board of Trade
etc.
A section of Wall Street today. The building on the right (with the
American flag) is the main NYSE office building.
National Association of Securities Dealers Automated
Quotations
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Stocks and Shares in the 1920’s
• During this period of time, stocks and shares rose at a phenomenal rate.
• Stocks rose by 65%.• Wages increased by
25%.• People began
borrowing money to invest.
• In 1929, Wall Street crashed - America went into debt.
+65%+25%
America’s wealth in the 1920’s
UH
OH
!