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The Roaring Twenties Mr. Doherty / Mrs. T.
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Warren G. Harding
“Back to Normalcy”
•A return to life as it had been before the war.
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1920 Election
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The Ohio Gang Group of Harding’s
friends who became cabinet members & used their power as ways to enrich themselves.
Became notorious for many scandals.
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Teapot Dome Scandal Two oil executives bribed Secretary of
Interior, Albert Fall, who leased Gov’t land in California and Teapot Dome, Wyoming.
Albert Fall was sent to prison.
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SCR Page 2
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1923 Harding Dies of Heart Attack
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Recession Recession is an
economic slump Lower
Income
Less
Consumption
Decline in
Production / Employment
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New Inventions
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Advertisements
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Economic Growth Much of the economic growth of the 1920s
was created by sales of new goods.
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Installment Buying Buying items on credit. Pay back the amount
you owe plus interest. “Buy now pay later”
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SCR Back of Page 2
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Bull Market 1920’s, more people
are investing in stocks than ever before.
Some people became rich almost overnight.
Bull Market – A period of increased stock trading and rising stock prices.
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Kellogg-Briand Pact Disarmament – Reduction of armed forces
and weapons of war. U.S. and 61 other nations signed
the Kellogg-Briand Pact that outlawed war.
Did not set up any means to keep the peace Treaty failed