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Only Yesterday

1) The Red Scare refers to the fear of communism in the USA during the 1920’s. There were over 150,000 anarchists or communists in USA in 1920 alone and this represented only 0.1% of the overall population of the USA. However, many Americans were scared of the communists especially as they had overthrown the royal family in Russia in 1917 and murdered them in the following year. The fear of communism increased when a series of strikes occurred in 1919. Throughout the 1920's and 1930's a culture developed within America which both feared and despised communism.

Examples of the Red Scare are in 1901, an communist had shot the American president (McKinley) dead. The Boston police went on strike and 100,000’s of steel and coal workers did likewise. The communists usually always got the blame. A series of bomb explosions in 1919, including a unprofessional attempt to blow up A. Mitchell Palmer, America’s Attorney-General, lead to a campaign against the communists. On New Year’s Day, 1920, over 6000 people were arrested and put in prison. Many had to be released in a few weeks and only 3 guns were found in their homes. Very few people outside of those arrested complained about th


3) Some of the scandals surrounding President Harding were that he signed bills to eliminate wartime controls and slashed taxes, established a Federal budget system, restored the high protective tariff, and imposed tight limitations upon immigration.

5) The 1920s saw a stock market boom in the US that came as the result of general optimism by businessmen and economists who believed that the newly created Federal Reserve would stabilize the economy and the pace of technological progress. The "roaring twenties" was an era when the country prospered tremendously even though there was an oversupply of goods that were not considered necessities by many. Since the majority of the population did not have enough money to purchase these goods, the solution to this problem lay in one that would allow those who wanted these goods, to purchase them on credit. The concept of buying now and paying later was quickly adopted and by 1929, 60% of all cars and 80% of all radios were bought on installment credit. By 1929, 80% of Americans had no savings at all. Between 1925 and 1929 the total amount of outstanding installment credit increased from $1.38 billion to over $3 billion. This rapid expansion of credit resulted in a stock market bubble in the U.S. that hadn't been experienced for decades.

2) The 1920’s was called the “Jazz Age” because everyone seemed to have money, Jazz music, singers, and dances were introduced and many crazy things happened. Some of the new fashion and cultural trends of the 1920’s were that the younger women shocked the older generation with their new hairstyle a short bob. Also new clothes that they wore often much shorter than had been seen and tended to expose their legs and knees. They wore silk stockings rolled just above the knee and they got their hair cut at male barbers.

Some topics in this essay:
Federal Reserve, Judge Thayer, Torrio Capone, Wall Street, President Harding, Red Scare, Teapot Dome, USA Americans, Year’s Day, Johnny Torrio, stock prices, fear communism, stock market, federal reserve, president harding, black bottom, america’s economy, installment credit, people claimed, red scare,

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Approximate Word count = 1262
Approximate Pages = 5 (250 words per page double spaced)


  

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