Standard of Living
The level of wealth, comfort, and material goods available to people (rose for many Americans in the 1920s).
Scientific Management / Fordism
A system by Frederick Winslow Taylor that increased efficiency by studying tasks; used by Henry Ford with assembly lines and higher wages.
Welfare Capitalism
Businesses provided benefits (higher pay, pensions, recreation) to workers to discourage unions.
Hollywood / Movie Industry
Film industry centered in Hollywood that became a major entertainment and cultural influence in the 1920s.
Charles Lindbergh
Pilot who made the first solo nonstop flight across the Atlantic in 1927, becoming a national hero.
Fundamentalism (Religion)
Conservative religious movement insisting on a literal interpretation of the Bible and opposing modern ideas like evolution.
Scopes Trial
Court case where a teacher was tried for teaching evolution, symbolizing the conflict between modern science and religious fundamentalism.
Prohibition – Eighteenth Amendment
Banned the manufacture and sale of alcohol in the U.S. (1920–1933).
Al Capone
Famous gangster who made money through illegal alcohol sales and organized crime during Prohibition.
Nicola Sacco and Bartolomeo Vanzetti
Immigrants convicted of murder in a controversial trial many believed was influenced by anti-immigrant prejudice.
Quota Laws
Immigration laws in the 1920s that limited immigrants from certain countries to favor northern Europeans.
Harlem Renaissance
Cultural movement in Harlem where Black writers, artists, and musicians celebrated African American culture in the 1920s.
Marcus Garvey – Back-to-Africa Movement
Promoted Black pride and encouraged African Americans to return to Africa and build their own nation.
Calvin Coolidge
Republican president (1923–1929) who supported limited government and pro-business policies.
Herbert Hoover
President when the Great Depression began; favored limited government aid and voluntary cooperation.
Black Tuesday
October 29, 1929; massive stock selling that marked the collapse of the stock market.
Buying on Margin
Purchasing stocks with borrowed money, paying only a small part upfront.
Bank Failures
Banks closed during the Great Depression when people rushed to withdraw money they had loaned out.
Gross National Product (GNP)
Total value of all goods and services produced by a country in a year.
Stock Market Crash
The sudden collapse of stock prices in 1929 that helped trigger the Great Depression.
Smoot–Hawley Tariff Act
Raised tariffs on imports, worsening the global economic downturn.
Reconstruction Finance Corporation
Government agency created by Hoover to give loans to banks and businesses during the Depression.
Bonus March
1932 protest where WWI veterans demanded early payment of promised bonuses.
Franklin D. Roosevelt
– President who led the U.S. through the Great Depression and WWII and created the New Deal.