PRESENTATION OUTLINE
Teapot Dome Scandal- bribery incident took place in the U.S. from 1921-1922 under Warren G. Harding
supply-side economics- theory that argues economic growth can be most effectively created by investing in capital and by lowering barriers on the production of goods and services
Kellogg-Briand Pact - agreement that signatory states promised not to use war to resolve any conflicts, no matter what, which was mandatory to abide by
mass production - manufacture of large quantities of standardized products
assembly line-arrangement of machines, tools, and workers in which a product is assembled by having each perform a specific unit as it passes by in a series of stages organized in a line
Nativism- the policy of protecting the interests of native inhabitants against those of immigrants
Emergency Quota Act -redirected immigration into the U.S
National Origins Act- law that severely restricted immigration by establishing a system of national quotas that blatantly discriminated from southern and eastern Europe and virtually excluded Asians
Fundamentalism- a religious movement characterized by a strict belief in the literal interpretation of religious texts
Speakeasy- a saloon or nightclub selling alcohol beverages illegally, especially during Prohibition
Great Migration- movement of 6 million African Americans out of the rural southern U.S. to the urban northeast
Harlem Renaissance- cultural, social, and artistic explosion that took place in Harlem, New York, spanning the 1920s
Marcus Garvey- Jamaican political leader, publisher, journalist, entrepreneur, and orator who was a proponent of the Pan- Africanism movement
stock market - stock exchange
bull market - a market in which share prices are rising, encouraging buying
Margin- the edge of border of something
margin call - a demand by a broker that an investor deposit further cash or securities to cover possible losses
Speculation - a forming of a theory of conjecture without firm evidence
Black Tuesday - October 29, 1929, when panicked sellers traded 16 million shares which made the Dow Jones Industrial Average fall 12%, which was then recognized as “Black Tuesday,” the beginning of the Great Depression
bank run - result of panic, withdrawals from banks
Dust Bowl - period of severe dust storms that greatly damaged the ecology and agriculture of the U.S. and Canadian prairies during the 1930s
public works - internal improvements, a broad category of infrastructures projects, financed and constructed by the government, for recreational employment, and health and safety uses in the greater community
Foreclosure - legal process in which a lender attempts to recover the balance of a loan from a borrower, who has stopped making payments to the lender, by forcing the sale of the asset used as the collateral for the loan
Bonus Army - 43,000 marchers- 17,000 U.S. World War I veterans, their families, and affiliated groups, who gathered in Washington, D.C. in the summer of 1932
New Deal - was the set of federal programs launched by President Franklin D. Roosevelt after taking off office in 1933
bank holiday - a day on which banks are officially closed, observed s a public holiday
Hundred Days - the first 100 days the president is in office
fireside chats - term used to describe a series of 30 evening radio conversations
deficit spending - amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit
Social Security - foundation of economic security for millions Americans- retirees, disabled persons, and families of retired, disabled or deceased workers
safety net - a collection of services provided by the state or the other institutions such as friendly societies , including welfare, unemployment benefit, etc.
Benito Mussolini- fascist prime minister of italy, overthrown in 1943, but promised to fight alongside adolf hitler in war against the democracies of the world
Fascism- an authoritarian and nationalistic right-wing system of government and social organization
Joseph Stalin- dictator of the soviet republics, under him, the soviet union went from a peasant society to an industrial and military superpower, although he ruled by terror
Adolf Hitler- leader of Nazi Party and Chancellor of Germany in 1933, invaded poland, which started world war II
Emperor Hirohito - first son of Crown Prince Yoshihito
Neutrality of 1935- laws the clamped an embargo on arms sales to belligerents, forbade American ships from entering war zones and prohibited them from being armed, and barred Americans from traveling on belligerent ships.
Axis Powers- the coalition headed by germany, Italy, and Japan that opposed the ALlied powers in World War II
Anschluss - Nazi propaganda term for the annexation of Austria into Nazi Germany in March 1938
Munich Conference - Hitler demanded the Sudetenland which the Prime Minister tried to talk him out of
Appeasement - he reintroduced conscription, and war-tested his armed forces in the Spanish Civil War. Britain and France turn a blind eye to the breech of the treaty of Versailles.
Blitzkrieg - military tactic designed to create disorganization among enemy forces
Winston Churchill - British Statesman who was Prime Minister of the U.K. from 1940 to 1945
Lend-Lease Act - was the principal means for providing U.S. military aid to foreign nations during World War II
hemispheric defense zone - declared the entire western half of the Atlantic as part of the Western Hemisphere and therefore neutral
Atlantic Charter - a joint declaration released by U.S. President, provided a broad statement of U.S. and British war aims
strategic materials - raw material important to an individual or organization's strategic plan and to supply chain management