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The 1920s (pronounced "nineteen-twenties" often shortened to the "' 20s" or the "Twenties") was a decade that began on January 1, 1920, and ended on December 31, 1929. . Primarily known for the economic boom that occurred in the Western World following the end of World War I (1914–1918), the decade is frequently referred to as the "Roaring Twenties" or the "Jazz Age" in America and Western ...
A massive flood in Dayton in 1913 killed 400 people and caused $100 million in property damage. Patterson took charge of the relief work and demonstrated in person the sort of business leaders he proposed. Dayton adopted his policies; by 1920, 177 American cities had followed suit and adopted city manager governments. [115] [116]
The upheaval associated with the transition from a wartime to peacetime economy contributed to a depression in 1920 and 1921. The Depression of 1920–1921 was a sharp deflationary recession in the United States, United Kingdom and other countries, beginning 14 months after the end of World War I. It lasted from January 1920 to July 1921. [1]
Tariffs have historically served a key role in the trade policy of the United States.Their purpose was to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a protective barrier around infant industries. [1]
Repression by the government was also prevalent; two examples include the Palmer Raids and Lusk Committee raids. The period was also marked by anti-Semitic rhetoric. [70] [69] [71] In 1920, the five Socialist members of the New York state assembly were expelled from it by a vote of 140 to 6, partially in response to their support for the strikes.
The American Plan is the term used to refer to open shop strategies pursued by employers in the United States in the 1920s. [1] The American Plan deemed unions to be "un-American," [2] and the resulting anti-union efforts of employers decreased union membership and efficacy until the 1930s. [3]
1920s: The Spanish Flu. In the fall of 1918, a mutated version of the virus that claimed its first victims in the spring made its way around the world, causing the death rate to escalate quickly ...
There was high inflation from WWI, and in the 1920s in the Weimar Republic, Austria, and throughout Europe. In the late 1920s there was a scramble to deflate prices to get the gold standard's conversion rates back on track to pre-WWI levels, by causing deflation and high unemployment through tight monetary policy.