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Demobilization
The transition process during which a nation at war returns to a state of peace. Soldiers retire from active service while economic production reverts back to civilian purposes.
After WWI, soldiers returned home and looked for work.
Economic production moved away from war production; factories stopped producing weapons, uniforms, and other war goods.
Farmers could not longer sell the same amount of food to the army and navy.
Tariffs
Taxes on imports
During the 1920s, the U.S. government implemented tariffs in order to protect American businesses.
Fordney - McCumber Act
Under the new tariff, goods subject to customs duties paid an average duty of 38.5% of their value.
Encourages Americans to buy goods produced in the U.S.
Other countreies retaliated by raising their own tariffs on goods from the U.S, which led to a decrease in world trade,.
Impact of climate and natural disasters
Efforts to drain parts of the wetlands to create more farmland and build homes further threatened the Seminoles. The demand for their alligator hides and furs fell. The Seminoles began selling their patchwork art, baskets, and other crafts to tourists, who visited their roadside homes.
In 1926, a deadly hurricane struck South Florida, destroying many buildings and demolishing docks and boats.
Led to an economic downturn in Florida, causing real estate prices to drop, people to leave the state, and even banks to fails.
Prohibition
The movement to ban alcoholic drinks, known as Temperance Movement.
Since many people continued to consume alcohol and disregard the law, manufacturing, transporting, and selling alcohol was largely taken over by criminal gangs.
For example: Al Capone in Chicago made a fortune selling illegal liquor.
Roaring Twenties
Period of prosperities.
For many Americans, wages increased and profits and production soared.
Time of large - scale production and use of consumer products - things like the automobile, radio, films, and electrical appliances became much more widely used.
New marketing practices like installment buying (credit).
Teapot Dome
A scandal that exposed corruption in Harding's administration.
President Harding appointed some of hius old friends to important cabinet positions. (Advise) The Secretary of Interior under Harding secretly leased oil-rich lands in Teapot Dome, Wyoming in exchange for personal bribes.
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