HIST 1200 Lecture 5: October 5, 2016
16 Oct 2016
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Founded in georgia in 1915 after the leo frank lynching. Was strong both inside and outside the south. Was(cid:374)"t a lot of e(cid:448)ide(cid:374)(cid:272)e agai(cid:374)st the(cid:373) Severe restrictions on total number of immigrations. National quotas established that favor western europe. No limits on immigration from western hemisphere. Johnson-reed act (immigration act) of 1924, from the new york times, 4/27/24. Criminal enterprises made money by selling alcohol. Kansas city you could legally get drunk. 1928 presidential election: herbert hoover (r) vs. al smith. Do you really want a catholic in the white house: people were questioning that. Stock prices went way up and then crashed. Fragile baking system (no deposit insurance, etc. ) Structural weaknesses in the economy: low farm prices, european indebtedness, problems with the gold standard, etc. The hawley-smoot tariff (1930_ and the collapse of the international trade. People were afraid that their bank would collapse and take out all money in cash (cid:862)hoo(cid:448)er(cid:448)ille"s(cid:863) The united states are an international player.
