The Money Section

78) The stock market crash came on Tuesday, October 29, 1929. In paper values stockholders loss $40 billion.

79) Compared to the rest of the world, America's business depression was the worst.

80) For millions of Americans jobs became nonexistent.

81) The collapse of thousands of banks each year affected ordinary Americans by basically collapsing their life savings.

If people had invested in Bentley during this time period then their great grandchildren today would be sitting pretty. Their money would have been lost, but in about 80 years their stocks could well have been priceless.

http://www.youtube.com/watch?v=cnA3aaeN488

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Here is the link to Andrew's blog http://andrewviegasusa.blogspot.com/

Advent of The Gasoline Age

Gas drove out Steel. Americans Standard of living rose. And the Petroleum Business exploded. Oil was coming to the for front and the business expanded. Oil derricks shot up in California, Texas, and Oklahoma. Railroads were becoming old news. 

 Fresh foods could be transported quicker, and profitability for the far out farms rose. American's demanded paved roads, which would be paid for by taxes from gasoline. 

Cars symbolized Freedom and Equality. Auto buses allowed the consolidation of schools and churches. 

The cars were not the safest mode of transportation. By 1951, the 1 millionth person died in a car accident. 

Many people worried about the immoral acts it brought. However, everybody was done with the horse and buggy.

25. The fact that the democrats didn't want the government to decide were money went made it hard to mobilize the US economy for war.

26. The work or fight rule stated that any unemployed males would be immediately drafted.

27. The National War Labor Board pressed employers to raise wages and implement an 8-hour work day.

28. The IWW's engineered some of the most damaging industrial sabotage. Their justification was that they worked in the worst working conditions in the nation.

29. Laborer's support for the war was rewarded with increased AF of L membership and a 20% wage increase in unionized sectors.

30. 1919, over 250K steel workers walked of the job. Steel Companies wouldn't given and brought in blacks as strike breakers. The strike collapsed and crippled the Union Movement.

31. An influx of African Americans in the Northern cities caused interracial tension and violence. For two weeks in July 1912, white and black gangs roamed the streets of Chicago at night killing people. 12 white died and around 30 blacks died.

 It's all yours Reine-Marie, http://www.apushandreine.blogspot.com/

Panama Canals Tolls Act 1912:- Required American Merchant shippers, shipping from coast to coast through the canal to pay a toll.

- Signed by Wilson.

Jones Act 1916:- Signed by Wilson.

- Granted to the Philippines the boon of territorial status and promised independence as soon as a stable government could be established.

Desert Land Act 1877:- Stepping Stone towards conservation.

- The government sold arid land cheaply on the condition that the purchaser irrigate the soil within 3 years.

Forest Reserve Act 1891:- Authorized the President to set aside public forests as national parks and other reserves.

- Saved 46 million acres of trees.

Carey Act 1894:- Distributed federal land to the states on the condition that it be irrigated and settled.

Newlands Act 1902:-

Women's Bureau and Children's Bureau:- Gave femal Reformers a national stage for social investigation and advocacy.

- In the Department of Labor.

Federal Trade Commission:- President Appointed a commission to tackle monopolies.

- Uprooted unfair trade practices, adulteration, unlawful competition, false advertising, and mislabeling.

Federal Reserve:- Oversaw nationwide system of 12 regional banks.

- Granted authority to issue Federal Notes.

- Saved the nation from a financial crisis in WW1

- Established federal Reserve board appointed by the President.

Federal Farm Loan Act:- Helped to increase credit for farmers.

- Signed into law by Wilson.

16th Amendment:- Allowed Congress to enact an income tax.

17th Amendment:- Established direct election of US senators by popular vote.

18th Amendment:- Made Alcohol illegal.

19th Amendment:- Prohibited any United States citizen to be denied the right to vote based on sex.

- Led by Susan B. Anthony and Elizabeth Cady Stanton.

La Folette Seaman's Act 1915:- Required decent treatment and living wages on American Merchant Ships.

- Forced Freight rates high.

Workers Compensation Act 1915:- Wilson helping workers.

-Granted assistance to federal civil-service employees during periods of disability.

Sherman Anti-Trust Act 1890:- List of Objectionable Business Practices

Clayton Anti-Trust Act 1914:- Aimed at taking down monopolies.

- Lengthened the Sherman Anit-Trust Act's list of objectionable business practices including price discrimination and interlocking directorates.

- Helped confer benefits to labor.

Meat Inspection Act 1906: - Pushed by public concern.

- Stated that the preparation of meat shipped over state lines would be subject to federal inspection from corral to can.

- Smaller competitors were driven out of business and Companies earned the government's seal of approval.

Pure Food and Drug Act 1906: - Acted with the Meat Inspection Act.

- Designed to protect the adulteration and mislabeling of foods and pharmaceuticals.

Rail Roads-

Elkins Act 1903: -Supported By Theodore Roosevelt

-It placed heavy fines on railroad companies that gave rebates and on shippers that accepted rebates.

HepBurn Act 1906: -Restricted Free passes.

- Extended the Interstate Commerce Commission to include express companies, sleeping-car companies, and pipelines.

- The commission was given authority to nullify existing rates and stipulate maximum rates.