The Roaring Twenties Mr. Doherty / Mrs. T.

Warren G. Harding

“Back to Normalcy”

•A return to life as it had been before the war.

1920 Election

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.

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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1923 Harding Dies of Heart Attack

Recession Recession is an

economic slump Lower

Income

Less

Consumption

Decline in

Production / Employment

New Inventions

Advertisements

Economic Growth Much of the economic growth of the 1920s

was created by sales of new goods.

Installment Buying Buying items on credit. Pay back the amount

you owe plus interest. “Buy now pay later”

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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.

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