Escolar Documentos
Profissional Documentos
Cultura Documentos
Boomà Bust
1920’s
|àquality enforced
Taxes ^
-illegal alcohol
|àqualify v
0 tax revenue
0 import regulation
0 tariffs
-impossibleàenforce morality by law
|àdefine
Ku Klux Klan
Ÿ “reform” group founded during reconstruction
-WASP supremacy
- no /\ }
RC } ~~~~~
Mex } LLLL
Asians }
IT }
-3m male members
-5m female
Election of 1928
Ÿ Al Smith (Dem.) {1 catholic candidate
st
Ÿ Land boom
1920-MIAMI-1925
30K 75K
History Notes #4 Second Semester
-Real Estate ^
“Miami daily news”à504 pages of Real Estate ads for 1 Sunday edition
-Demand ^ throughout U.S.
|àProfits ^ |à{RR Cement Appliances
{Lumber Steel Furniture
{Bldg. supplies Road-making insurance
{Transport Utilities Tools
{Banking Copper Earth Moving equip.
Ÿ 1926-2 hurricanes cause à{400KIA
{50K homeless
-housing demand v
-land values v
Building industry vànational economy v
Employment v
Mortgage values v à banks v
Tourism v {RR v
{hospitality industry v
NYSE crash-Oct 1929
Ÿ New York Stock Exchange (NYSE) ^
-NYSE Average Gain 40% yearly
Ÿ NYSE stock prices exceed real value of securities
-MAR (per share) SEP
RCA $100 _____________________________ $500
GE $128 _____________________________ $400
US STEEL $138 __________________________$279
ANA CONDA
COPPER $54______________________________$162
Ÿ Investment in products/future growth v (price not determined by
{demand ^
{New markets ^
{product improvement ^
{profit margin ^
{Manufacturing costs v
Ÿ Reckless speculation ^
|ààààà {-only 1% of public in market
|àrichest 1% =influential
{-Buying on margin
|à10% of stock trading price
{-0 restaurant from federal reserve
History Notes #4 Second Semester
| {mental illness ^
--------------- {suicide ^
{reading #1 form of entertainmentàmovie box
office v
{petty theft, prostitution, & begging} ^
DROUGHT
Ÿ Causes agricultural failure in prairie states
Ÿ Dust storms {prairie high winds & 0 grass on tilled soil à dust
{millions of tons of dust àjet streamà{muddy rain in NY,
Boston
{muddy rain in 300 NM at sea
{fish suffocated in eastern
rivers
Ÿ Land values v
Ÿ Bankruptcy ^ farmer cannot à $ for mortgages foreclosures ^ àbanks v
Ÿ Food prices so low, farmers burnt corn for fuel
Ÿ {{{{{{{INSERTR DIAGRAMMMMMMM}}}}