Mr. McCormack
American History
Central Dauphin High School
Chapter 14 Essentials Study Guide
Know the following terms and people: speculation, quota, consumer economy, buying on margin, isolationism, Red Scare, welfare capitalism, communism, Calvin Coolidge, William Howard Taft, Herbert Hoover, Alfred E. Smith, Warren G. Harding, John J. Raskob, A. Mitchell Palmer, Henry Ford, Teapot Dome Scandal
•Isolationism and a laissez-faire business policy were key features of Republican administrations of the 1920s.
•The Red Scare was a response to the Russian Revolution.
•The economy grew in the 1920s as consumers began to buy goods on credit.
•In the case of Schenk v. United States, the Supreme Court said the government could silence free speech whenever there is a clear and present danger.
•The main opponent of prohibition-supporting Herbert Hoover in the 1928 presidential election was Alfred E. Smith, the four-term Democratic governor of New York and first Catholic to be nominated for president.
•The National Origins Act of 1924 reduced the number of people who could enter the United States.
•A consumer economy is one that depends on a large amount of spending.
•Productivity rose during the 1920s due to new resources, new management methods, and new technologies.
•Calvin Coolidge came to national fame due to the Boston Police Strike.
•The Kellogg-Briand Pact was designed to outlaw the threat of war.
•The economy of the 1920s feature rising productivity and wages, growth in personal debt, and unemployment around 4%.
•Agriculture struggled in the 1920s even as industry boomed.
•Nativism means favoring American-born people over immigrants.
•Nativism in the 1920s grew because of religious bias, disgust at urban conditions, and fear of competition for jobs.
•Advertising played an important role in the economy of the 1920s.
•Automobiles were invented in Europe, but Americans were the first to mass produce them.
•Medical advances in the 1920s reduced infant deaths and increased life expectancy.
•Calvin Coolidge followed a laissez-faire approach to economics by refusing to interfere with businesses.
•Membership in unions peaked at around 20 million members before declining.