Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Chapter 25 Section 1
Chapter test
| Chapter 25 Section 1 | Chapter 25 Section 1 |
|---|---|
| Who was the new Republican President | Warren G. Harding |
| Why did WW 1 help our economy? | Factories got many orders for military supplies, even European countries orderd supplies from our factories |
| What is a recession? | The economy takes a downhill turn or slump |
| Why did we have a recession after WW 1? | 2 million soldiers came home looking for jobs, the factories stopped having orders for war materials |
| How did the recession help Harding win the election? | The voters were very unhappy and blamed it on the Democrats, so they voted in a Republican President at the next election |
| Who was Andrew Mellon? | A wealthy business man, Harding made him Secretary of the Treasury. He balanced the budget and lowered taxes |
| Who did Harding appoint as Secretary of Commerce? | Herbert Hoover, he was well liked because during the war he had organized efforts to supply food to millions of starving Belgians. As Secretary of Commerce he helped American businesses expand overseas |
| Were Americans happy with all of Hardings cabinet postings? | Other than Hoover and Mellon, Harding brought in old friends who became known as the Ohio gang. The Ohio gang saw their government posts as ways to get rich |
| What was the scandal involving Charles Forbes? | Harding made him head of the Veteran's Bureau. Forbes was convicted of stealing millions from the bureau. |
| When and how did Harding die? | in 1923, of a heart attack. Many believe the scandals involving the Ohio gang, contributed to his death |
| What was the Teapot Dome Scandal? | Secretary of Interior, Albert Fall was bribed by oil executives, to secretly lease them government land in California and Teapot Dome Wyoming. He was the first Cabinet official sent to prison. |
| Who became President when Harding dies? | Vice President Calvin Coolidge. His nickname was Silent Cal Coolidge. He forced the officials involved in the scandals to resign. |
| What was the "Coolidge Prosperity"? | Coolidge believed that prosperity for all Americans depended on business prosperity. He created pro-business policies and named business leaders to head government agencies. America experienced rapid economic growth. Factories made cosumer goods. |
| What is installment buying? | So many new goods were produced, people wanted to buy things they couldn't afford. Businesses let buyers take home a new refrigerator for example, putting just a few dollars down, then paying each month plus interest. Buy now - Pay later. |
| What happend to the stock market during this time? | Stock prices rose so fast that many people made fortunes almost overnight. As people heard about others growting rich, they bought stock themselves. |
| What is a bull market? | A period of increased stock trading and rising stock prices. |
| What is buying stock on margin? | Buying a stock with a small downpayment, then waiting til the prices goes up and selling it at a profit. This only works if stock prices keep going up. |
| Did United States join the League of Nations during the 1920's? | No, we only sent observers. We refused to join, the United States returned to the prewar isolationism policy, |
| With our return to an isolationism policy why did the United States get involved in Latin America? | We traded alot with Latin America and sometimes got involved in order to protect our economic interests. We intervened in Nicaragua when revolution broke out, and sent a diplomat to Mexico. |
| What is Communism? | An economic system in which all wealth and property are owned by the commnity as a whole, not an individual. |
| Who was Lenin? | He created the world's first communist state in the Soviet Union. |
| What is disarmament? | The reduction of armed forces and weapons of war. |
| Who was Jane Addams? | Head of Women's International League for Peacde and Freedom - called for disarmament in the US and Europe. |
| What was the Kellogg-Briand Pact? | A treaty that the US and 61 other nations signed, outlawing war - but it did not set up any way for keeping peace. But it was hailed as the beginning of a new age of Peace. |
| What contributed to the rapid economic growth int he 1920's? | Coolidge's pro business policies |
| Under President Coolidge did the stock market go up or down in value? | Up |
| What is President Harding rememberd most for? | political scandals |
Created by:
Tsmithandco
Popular U.S. History sets