The 20s Booming Economy 1920-1930

History

A Senator famous for his involvement in the Teapot Dome scandal

Albert B Fall

A Senator famous for his involvement in the Teapot Dome scandal, Albert B. Fall. He was a U.S. Secretary of the Interior who illegally leased naval oil reserves in exchange for personal bribes.

Advocates of an anti-authoritarian philosophy that rejects all hierarchies

Anarchists

Advocates of an anti-authoritarian philosophy that rejects all hierarchies. Anarchists. Anarchists believe in a society without government or imposed authority, emphasizing voluntary cooperation and free association.

The Secretary of the Treasury presiding over the boom years of the 1920s

Andrew Mellon

The Secretary of the Treasury presiding over the boom years of the 1920s. Andrew Mellon. Andrew Mellon was a key figure in shaping U.S. economic policy during the Roaring Twenties.

A manufacturing process where the assembly moves from workstation to workstation

Assembly line

A manufacturing process where the assembly moves from workstation to workstation. Assembly line. The assembly line is a method introduced by Henry Ford in 1913 to make mass production faster and cheaper.

A period of generally rising prices

Bull market

A period of generally rising prices. Bull market. A bull market is a time when stock prices are going up steadily and people feel positive about the economy.

The buying of securities with cash borrowed from a broker

Buying on margin

The buying of securities with cash borrowed from a broker. Buying on margin. In the 1920s, buying on margin was popular, contributing to the stock market crash of 1929 when people couldn't repay their loans.

The 30th president of the United States (1923-1929)

Calvin Coolidge

The 30th president of the United States 1923-1929. Calvin Coolidge. He was known for his small government approach and presided over a period of economic prosperity known as the "Roaring Twenties."

The 11th Chief Justice and the 44th Secretary of State of the US

Charles Evans Hughes

The 11th Chief Justice and the 44th Secretary of State of the US, Charles Evans Hughes. Charles Evans Hughes was a key figure in early 20th-century American politics, serving as Chief Justice of the Supreme Court and Secretary of State.

A socioeconomic order based upon the ideas of common ownership and the absence of social classes

Communism

A socioeconomic order based upon the ideas of common ownership and the absence of social classes. Communism is a system where the government controls all property and resources, aiming to eliminate social classes and promote equality.

In the 1920s, assembly line production and easy credit made consumer goods accessible to common people

Consumer revolution

In the 1920s, assembly line production and easy credit made consumer goods accessible to common people. Consumer revolution. The consumer revolution was a period when there was a significant increase in the consumption and variety of goods by the general population due to industrial advancements and new purchasing methods.

A plan that resolved what WWI reparations Germany had to pay

Dawes Plan

A plan that resolved what WWI reparations Germany had to pay. Dawes Plan. The Dawes Plan was a 1924 agreement that restructured Germany's reparations payments after World War I to make them more manageable and to stabilize the German economy.

A law that raised tariffs on many imported goods to protect factories and farms

Fordney-McCumber Tariff

A law that raised tariffs on many imported goods to protect factories and farms. Fordney-McCumber Tariff. It was a U.S. law in 1922 that increased taxes on imports to protect American businesses and agriculture.

Founder of the Ford Motor Company and helped develop the assembly line

Henry Ford

Founder of the Ford Motor Company and helped develop the assembly line. Henry Ford. He was an innovative industrialist who revolutionized manufacturing and transportation in the early 20th century.

The 31st president of the United States (1929-1933)

Herbert Hoover

The 31st president of the United States 1929-1933 Herbert Hoover. Herbert Hoover was the U.S. president during the early years of the Great Depression.

Buying goods where the buyer makes a down payment and pays the balance, plus interest

Installment plan

Buying goods where the buyer makes a down payment and pays the balance, plus interest. Installment plan. In the 1920s, installment plans made it easier for people to purchase expensive goods by paying over time.

The production of large amounts of standardized products on assembly lines

Mass production

The production of large amounts of standardized products on assembly lines. Mass production. It is a process that revolutionized manufacturing during the Industrial Revolution by making goods faster and cheaper.

A gang of politicians and industry leaders closely surrounding Warren G. Harding

Ohio gang

A gang of politicians and industry leaders closely surrounding Warren G. Harding. Ohio gang. The Ohio Gang was a group of politicians and industry leaders who were involved in corruption during President Harding's administration in the 1920s.

A system for establishing numerical limits on immigration to the US

Quota system

A system for establishing numerical limits on immigration to the US. Quota system. In history, a quota system is a policy that sets a fixed number of immigrants allowed from each country.

A bribery scandal involving the administration of US President Warren G. Harding

Teapot Dome scandal

A bribery scandal involving the administration of US President Warren G. Harding. Teapot Dome scandal. The Teapot Dome scandal was a major corruption incident in the 1920s where government oil reserves were secretly leased to private companies.

Unrestricted growth in urban areas of housing, commercial development and roads

Urban sprawl

Unrestricted growth in urban areas of housing, commercial development, and roads. Urban sprawl. Historically, urban sprawl refers to the rapid, unchecked expansion of cities into surrounding rural land.

A disarmament conference over interests in the Pacific Ocean and East Asia

Washington Naval Conference

A disarmament conference over interests in the Pacific Ocean and East Asia. Washington Naval Conference. The Washington Naval Conference was a 1921-1922 meeting where world powers agreed to limit naval armaments to prevent military conflicts.