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The United States from 1914 to 1945 Marcus Garvey

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Marcus Garvey. lynching in the American south. Notice that this picture is shaped like a postcard? That is because it was a postcard. lynching in the American south. Lynching in 1930. lynching in the American south. The Lynching of Leo Frank in Georgia in 1915. The NAACP fights lynching. - PowerPoint PPT Presentation

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The United States from 1914 to 1945

Marcus Garvey

The United States from 1914 to 1945

lynching in the American south

Notice that this

picture is shaped

like a postcard?

That is because it

was a postcard.

The United States from 1914 to 1945lynching in the American

southLynching in 1930.

The United States from 1914 to 1945

lynching in the American south

The Lynching

of Leo Frank in Georgia in 1915

The United States from 1914 to 1945

The NAACP fights lynching• 1919: NAACP releases 30 Years of Lynching in

the South

• 30 Years concludes that only 20 percent of lynchings involved

accusations of impropriety with a white

woman

• And the vast majority of those accusations were

false.

• 1922: Congressman Leonidas C. Dyer

proposes a federal anti-lynching bill

The Dyer bill passes the House. . . but is blocked in the Senate.

The United States from 1914 to 1945

Jim Europe and his

band

The United States from 1914 to 1945

The “Lost Generation”

The United States from 1914 to 1945

Countee Cullen

Claude McKay

Jean Toomer

Langston Hughes

The United States from 1914 to 1945

Zora Neale Hurston

Walter White

Carl Van Vechten

The United States from 1914 to 1945

The United States from 1914 to 1945

The Scopes Trial, Dayton, TN, 1925

The United States from 1914 to 1945

The United States from 1914 to 1945

The United States from 1914 to 1945

The United States from 1914 to 1945Football

transformed

Harold “Red” Grange

The United States from 1914 to 1945

Tennis, USA

The United States from 1914 to 1945

Bobby Jones changes golf

The United States from 1914 to 1945

1920s technology revolution

750 broadcast radio stations by 1928

Vastly more powerful electric power plants

Redesigned homes make it easier to accommodate electrical appliances

Electric refrigerators, vacuum cleaners, toasters

Telephone party lines expand phone use

The United States from 1914 to 1945

Post World War I assault on labor• Crackdown on labor

campaigns• “Open shop” drive• Corporate welfare

programs• Company unions• Textile mills move

south

Federal troops occupy union hall in 1919 steel strike; right: John L. Lewis

The United States from 1914 to 1945

Calvin Coolidge: “I do not choose to run for President in 1928.”

The United States from 1914 to 1945

Election of 1928

• Al Smith: 40.8% (wins majorities in 12 large cities)

• Herbert Hoover: 58.2%

"We in America today are nearer to the final triumph over poverty than ever before in the history of this land... We shall soon with the help of God be in sight of the day when poverty will be banished from this land. “ Herbert Hoover, 1928

The United States from 1914 to 1945

In Ponzi we trust . . .

A confident Charles Ponzi on his way to Federal trial

A less than confident mob surrounding one of Ponzi’s branches as word leaks out that he’s a fraud.

The United States from 1914 to 1945

The United States from 1914 to 1945

Why the speculation boom of the 1920s?

• Communication revolution via telephone and wireless telegraph

• Radio delivered news of stocks quickly• Rise of disposable income among upper-

middle class• Absence of any government regulation of

the trading sector

The United States from 1914 to 1945

the great crash . . . 1929 Number of shares traded between 1927 and 1929 doubled . . .

. . . to 920 million shares by 1929.

But in October 1929, stocks lost 40 percent of their value.

50 billion dollars in speculative investment lost

The United States from 1914 to 1945

What if there was a stock market crash in the United States???

the international debt mess of the 1920s

(revisited). . . .

Germany owes huge reparations to England and France

France and England insist on collecting from Germany because they owe debts to the United States

The U.S. won’t ease up on France and England’s war debts . . . . . . but encourages investors to lend money to Germany

The United States from 1914 to 1945

the great crash . . . 1929 - 1931

1930: 1,352 banks failed with 850 million in deposits

1931: almost 2,300 banks failed with 1.7 billion in deposits

. . . People got ten cents on the dollar of their savings, if they were lucky.

1928 4.2

1930 8.7

1932 23.6

U.S. unemployment rate

The United States from 1914 to 1945

Why Great Depression?• The boom/crash interpretation

Stock market had something to do with it• The Monetarist camp

Failure of Federal Reserve• The regulatory interpretation

No real government checks on the markets• The Keynesian demand-side school

Consumer power wimped out• The international crisis perspective

Treaty of Versailles and its consequences

John Kenneth Galbraith; Keynesian

Milton Friedman; Monetarist

Charles Kindelberger, internationalist