NUTR 214 Lecture Notes - Lecture 13: Calvin Coolidge, Quaker Oats Company, Stock Market Bubble

• School: McGill University
• Department: Nutrition and Dietetics
• Course: NUTR 214
• Professor: Arne Kislenko

Document Summary

Return to normalcy - powerful emotional appeal to us, esp. post-war. Economy: wartime to civilian production, warren harding (republican) (1920) Continues partying w/ ohio gang - scandals and patronage. Partying w/ tons of alcohol during prohibition. Teapot dome scandal: ppl in us govt sold off plots of land in. Govt centered on law and order and america first . Emphasis on move to more laissez-faire govt role in regulating economy, Abroad - continued flexing of us power in latin america. 1920: end of progressive era - lots of regulations rolled back. Marks transition of us from industrial powerhouse consumer powerhouse. Ppl start focusing on brand-name products (ex: instead of going to the grocery. Us transitions from debtor nation creditor nation, nyc becomes capital of store and getting any oats, ppl specifically want quaker oats) finance (not london) 1922-1929: gnp grew 5. 5%/yr, unemployment max at 5%, real wages rose 15%