Minnesota's Ku Klux Klan in the 1920'S
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Boca Raton and the Florida Land Boom of the 1920S
20 TEQUESTA Boca Raton and the Florida Land Boom of the 1920s by Donald W. Curl The Florida land boom of 1924-25 is commonly mentioned by historians of the twenties and of the South. Most of them see the boom as a phenomenon of the Miami area, though they usually mention in passing that no part of the state remained immune to the speculation fever. Certainly Miami's developments received major attention from the national press and compiled amazing financial statistics for sales and inflated prices. Still, similar activity took place throughout the state. Moreover, the real estate boom in Palm Beach County began as early as that in Miami, contained schemes that equaled that city's in their imagination and fantasy, and also captured national attention. Finally, one of these schemes, that of Addison Mizner's Boca Raton, probably served as the catalyst for exploiting the boom bubble. The Florida land boom resulted from a number of complex fac- tors. Obviously, the mild winter climate had drawn visitors to the state since the Civil War. Summer was said "to spend the winter in West Palm Beach." Now with the completion of the network of roads known as the Dixie Highway and the increasing use of the automobile, Florida became easily accessible to the cities of the northeast and midwest. For some, revolting against the growing urbanization of the north, Florida became "the last frontier." Others found romance in the state's long and colorful history and "fascination in her tropical vege- tation and scenery." Many were confident in the lasting nature of the Coolidge prosperity, and, hearing the success stories of the earliest Donald W. -
Uncertainty and Hyperinflation: European Inflation Dynamics After World War I
FEDERAL RESERVE BANK OF SAN FRANCISCO WORKING PAPER SERIES Uncertainty and Hyperinflation: European Inflation Dynamics after World War I Jose A. Lopez Federal Reserve Bank of San Francisco Kris James Mitchener Santa Clara University CAGE, CEPR, CES-ifo & NBER June 2018 Working Paper 2018-06 https://www.frbsf.org/economic-research/publications/working-papers/2018/06/ Suggested citation: Lopez, Jose A., Kris James Mitchener. 2018. “Uncertainty and Hyperinflation: European Inflation Dynamics after World War I,” Federal Reserve Bank of San Francisco Working Paper 2018-06. https://doi.org/10.24148/wp2018-06 The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System. Uncertainty and Hyperinflation: European Inflation Dynamics after World War I Jose A. Lopez Federal Reserve Bank of San Francisco Kris James Mitchener Santa Clara University CAGE, CEPR, CES-ifo & NBER* May 9, 2018 ABSTRACT. Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially emerged in many European countries after World War I. We demonstrate that economic policy uncertainty was instrumental in pushing a subset of European countries into hyperinflation shortly after the end of the war. Germany, Austria, Poland, and Hungary (GAPH) suffered from frequent uncertainty shocks – and correspondingly high levels of uncertainty – caused by protracted political negotiations over reparations payments, the apportionment of the Austro-Hungarian debt, and border disputes. In contrast, other European countries exhibited lower levels of measured uncertainty between 1919 and 1925, allowing them more capacity with which to implement credible commitments to their fiscal and monetary policies. -
Records of the Immigration and Naturalization Service, 1891-1957, Record Group 85 New Orleans, Louisiana Crew Lists of Vessels Arriving at New Orleans, LA, 1910-1945
Records of the Immigration and Naturalization Service, 1891-1957, Record Group 85 New Orleans, Louisiana Crew Lists of Vessels Arriving at New Orleans, LA, 1910-1945. T939. 311 rolls. (~A complete list of rolls has been added.) Roll Volumes Dates 1 1-3 January-June, 1910 2 4-5 July-October, 1910 3 6-7 November, 1910-February, 1911 4 8-9 March-June, 1911 5 10-11 July-October, 1911 6 12-13 November, 1911-February, 1912 7 14-15 March-June, 1912 8 16-17 July-October, 1912 9 18-19 November, 1912-February, 1913 10 20-21 March-June, 1913 11 22-23 July-October, 1913 12 24-25 November, 1913-February, 1914 13 26 March-April, 1914 14 27 May-June, 1914 15 28-29 July-October, 1914 16 30-31 November, 1914-February, 1915 17 32 March-April, 1915 18 33 May-June, 1915 19 34-35 July-October, 1915 20 36-37 November, 1915-February, 1916 21 38-39 March-June, 1916 22 40-41 July-October, 1916 23 42-43 November, 1916-February, 1917 24 44 March-April, 1917 25 45 May-June, 1917 26 46 July-August, 1917 27 47 September-October, 1917 28 48 November-December, 1917 29 49-50 Jan. 1-Mar. 15, 1918 30 51-53 Mar. 16-Apr. 30, 1918 31 56-59 June 1-Aug. 15, 1918 32 60-64 Aug. 16-0ct. 31, 1918 33 65-69 Nov. 1', 1918-Jan. 15, 1919 34 70-73 Jan. 16-Mar. 31, 1919 35 74-77 April-May, 1919 36 78-79 June-July, 1919 37 80-81 August-September, 1919 38 82-83 October-November, 1919 39 84-85 December, 1919-January, 1920 40 86-87 February-March, 1920 41 88-89 April-May, 1920 42 90 June, 1920 43 91 July, 1920 44 92 August, 1920 45 93 September, 1920 46 94 October, 1920 47 95-96 November, 1920 48 97-98 December, 1920 49 99-100 Jan. -
Prohibition, American Cultural Expansion, and the New Hegemony in the 1920S: an Interpretation
Prohibition, American Cultural Expansion, and the New Hegemony in the 1920s: An Interpretation IAN TYRRELL* In the [920s American prohibitionists, through the World League against Alcohol ism, sought to extend their war on liquor beyond the boundaries of the United States. Prohibitionistsfailed in their efforts due to anti-American sentiment, complex class and cultural opposition to prohibition, and negative reporting of the experi ment with prohibition in the U.S. Nevertheless, restrictive anti-alcohol laws were introduced in a number ofcountries. Moreover, the efforts ofAmerican prohibition ists furthered the larger process of American cultural expansion by emphasizing achievements of the U.S. in economic modernization and technical advancement. This episode in American cultural expansion occurred with the support of anti alcohol groups in foreign countries that embraced the message equating American reform with modernity. Prohibitionists abroad colluded in the process, thereby accepting a form ofAmerican cultural hegemony. En 1920, par l'intermédiaire de la World League against Alcoholism, les prohibi tionnistes américains se sont efforcés de pousser leur lutte contre l'alcool au-delà des frontières des États-Unis. Cependant, le sentiment anti-américain, l'opposition complexe des classes et de la culture à l'endroit de la prohibition ainsi que la mauvaise presse dont l'expérience américaine a fait l'objet ont fait échouer leurs efforts. Néanmoins, plusieurs pays ont adopté des lois restrictives contre l'alcool. Qui plus est, les efforts des prohibitionnistes américains ont favorisé l'expansion de la culture américaine en mettant en valeur les réussites des É.-u. au chapitre de la modernisation économique et de l'avancement de la technologie. -
Chapter 2 Music in the United States Before the Great Depression
American Music in the 20th Century 6 Chapter 2 Music in the United States Before the Great Depression Background: The United States in 1900-1929 In 1920 in the US - Average annual income = $1,100 - Average purchase price of a house = $4,000 - A year's tuition at Harvard University = $200 - Average price of a car = $600 - A gallon of gas = 20 cents - A loaf of Bread = 20 cents Between 1900 and the October 1929 stock market crash that triggered the Great Depression, the United States population grew By 47 million citizens (from 76 million to 123 million). Guided by the vision of presidents Theodore Roosevelt1 and William Taft,2 the US 1) began exerting greater political influence in North America and the Caribbean.3 2) completed the Panama Canal4—making it much faster and cheaper to ship its goods around the world. 3) entered its "Progressive Era" by a) passing anti-trust laws to Break up corporate monopolies, b) abolishing child labor in favor of federally-funded puBlic education, and c) initiating the first federal oversight of food and drug quality. 4) grew to 48 states coast-to-coast (1912). 5) ratified the 16th Amendment—estaBlishing a federal income tax (1913). In addition, by 1901, the Lucas brothers had developed a reliaBle process to extract crude oil from underground, which soon massively increased the worldwide supply of oil while significantly lowering its price. This turned the US into the leader of the new energy technology for the next 60 years, and opened the possibility for numerous new oil-reliant inventions. -
Thirty-Second Annual List of Papers
1923.] LIST OF PUBLISHED PAPERS 485 THIRTY-SECOND ANNUAL LIST OF PAPERS READ BEFORE THE AMERICAN MATHEMATICAL SOCIETY AND SUBSEQUENTLY PUBLISHED, INCLUDING REFERENCES TO THE PLACES OF PUBLICATION ALEXANDER, J. W. A proof and extension of the Jordan-Brouwer separa tion theorem. Read April 29, 1916. Transactions of this Society, vol. 23, No. 4, pp. 333-349; June, 1922. Invariant points of a surface transformation of given class. Read Dec. 28, 1922. Transactions of this Society, vol. 25, No. 2, pp. 173- 184; April, 1923. BARNETT, I. A. Differential equations with a continuous infinitude of variables. Read Dec. 28, 1918. American Journal of Mathematics, vol. 44, No. 3, pp. 172-190; July, 1922. Linear partial differential equations with a continuous infinitude of variables. Read Dec. 28, 1918, and April 24, 1920. American Journal of Mathematics, vol. 45, No. 1, pp. 42-53; Jan., 1923. BELL, E. T. On restricted systems of higher indeterminate equations. Read (San Francisco) June 18, 1920. Transactions of this Society, vol. 22, No. 4, pp. 483-488; Oct., 1921. Anharmonic polynomial generalizations of the numbers of Bernoulli and Euler. Read (San Francisco) April 9, 1921. Transactions of this Society, vol. 24, No. 2, pp. 89-112; Sept., 1922. Periodicities in the theory of partitions. Read (San Francisco) April 8, 1922. Annals of Mathematics, (2), vol. 24, No. 1, pp. 1-22; Sept., 1922. Relations between the numbers of Bernoulli, Euler, Genocchi, and Lucas. Read (San Francisco) April 8, 1922. Messenger of Mathe matics, vol. 52, No. 4, pp. 56-64, and No. 5, pp. 65-68; Aug. -
Federal Reserve Bulletin August 1925
FEDERAL RESERVE BULLETIN AUGUST, 1925 ISSUED BY THE FEDERAL RESERVE BOARD AT WASHINGTON Position of the Reserve Banks at Mid-Year Business Conditions in the United States Report of the Agent General for Reparation Payments WASHINGTON GOVERNMENT PRINTING OFFICE 1925 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BOARD Ex officio members: D. R. CRISSINGER, Governor. EDMUND PLATT, Vice Governor. A. W. MELLON, Secretary of the Treasury, Chairman. ADOLPH G. MILLER. CHARLES S. HAMLIN. J. W. MCINTOSH, GEORGE R. JAMEB. Comptroller of the Currency. EDWARD H. CUNNINGHAM. WALTER L. EDDY, Secretary. WALTER WYATT, General Counsel. J. C. NOELL, Assistant Secretary. WALTER W. STEWART, Director, Division of Research W. M. IMLAY, Fiscal Agent. and Statistics, J. F. HERSON, E. A. GOLDENWEISER, Assistant Director, Division of Chief, Division of Examination, and Chief Federal Research and Statistics. Reserve Examiner. E. L. SMEAD, Chief, Division of BanVOperations. FEDERAL ADVISORY COUNCIL District No. 1 (BOSTON) CHAS. A. MORSS. District No. 2 (NEW YORK) PAUL M. WARBURG, President, District No. 3 (PHILADELPHIA) L. L. RUE. District No. 4 (CLEVELAND) GEORGE A. COULTON. District No. 5 (RICHMOND) JOHN M. MILLER, Jr. District No. 6 (ATLANTA) OSCAR WELLS. District No. 7 (CHICAGO) FRANK O. WETMORE. District No. 8 (ST. LOUIS) BRECKINRIDGE JONES. District No. 9 (MINNEAPOLIS) G. H. PRINCE. District No. 10 (KANSAS CITY) E. F. SWINNEY, Vice President, District No. 11 (DALLAS) W. M. MCGREGOR. District No. 12 (SAN FRANCISCO).-: HENRY S. MCKEE. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis OFFICERS OF FEDERAL RESERVE BANKS Federal Reserve Bank of— Chairman Governor Deputy governor Cashier Boston. -
Domestic Servants Personal Lives
Explore More Domestic Servants Personal Lives In their leisure time, domestic servants likely enjoyed the same hobbies and pleasures as people in other jobs during this era. Sewing, reading, playing musical instruments, chatting over tea, or having evening gatherings in their employer’s kitchen or servants’ hall were common diversions, and may have occurred here at Lucknow. A space like the servants' hall, set aside solely for the enjoyment and rest of the servants, would have been a luxury that existed in only the wealthiest homes. Though the servants’ hall was a spot to rest and have a meal, note that the intercom, telephone, and home alarm system were in this space so a servant’s break might be frequently interrupted. For many servants in the early 20th century, Sunday would have been a typical day off to attend church, a local festival, or perhaps go to the movies. Unfortunately, domestic service workers battled the social stigma attached to their job titles, a problem which had persisted for centuries. Service was considered by some to be a disgraceful and dishonorable profession. For the most part, its workers endured a low social status in American society. A group of domestic servants, probably early 1920s. MORE ON OTHER SIDE Explore More Domestic Servants Personal Lives We don’t know for sure what it was like to live and work at Lucknow as a domestic servant, but first person accounts from people in domestic service during this era, as well as historic documents and photographs, help illustrate the experience. By the twentieth century, domestic servants had more personal freedom than they had in previous eras. -
The Foreign Service Journal, July 1923 (American Consular Bulletin)
$4.00 A YEAR 35 CENTS A COPY iiiiiiimiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiL; iiiiimiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiimiiiiiiMiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiMiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiMiiiiiT; RESOURCES $14,000,000.00 Formerly you sent your Pass Book to the bank to be bal¬ anced, and later attempted to reconcile your check book balance with the result. Now under our modern system this labor is transferred to our staff and you re¬ ceive by mail a complete statement each month, which shows all deposits, all withdrawals and your exact balance. YOUR PASS BOOK IS ALWAYS IN YOUR POSSESSION FEDERAL-AMERICAN NATIONAL BANK WASHINGTON, D. C. Originators of the Monthly Statement System in Washington iiiiHliiimmmiiiimimiiiimiiiiiiiiiiiiiiiiiiHmiiiiMimiiimimmmiimmmiiimimimiiimmiiiiiiiiiiiiHiiiiiiimiK: CONSUL' LLETIN PUBLISHED MONTHLY BY THE AMERICAN CONSULAR ASSOCIATION VOL. V, No. 7 WASHINGTON, D. C. JULY, 1923 The Trade Conferences Two Spring Conferences Held in the Interests of Trade Promotion and Attended by State Depart¬ ment Officials and Consular Officers 1. NATIONAL FOREIGN TRADE COUNCIL, NEW piledriver and related railway equipment, which ORLEANS had lost its equilibrium during a storm the night A FEATURE of the Tenth Annual Conven¬ before. Judging from the decidedly moderate cost tion of the National Foreign Trade Coun¬ of a good breakfast at a Gulfport restaurant, that -
Business in the 1920S Is This Photo of President and Mrs
BECOMING MODERN: AMERICA IN THE 1920S PRIMARY SOURCE COLLECTION ONTEMPORAR Y IN OMMENTARY THE T WENTIES C — BUSINESS — * Aptly illustrating the faith in American business in the 1920s is this photo of President and Mrs. Coolidge in 1924 welcoming members of the Republican Businessmen’s Association of New York. In an address the next year, Coolidge delivered his most frequently quoted statement: “After all, the chief business of the American people is business.” For by 1925 the nation’s economy had lifted itself out of the dreadful postwar recession and was setting new highs for production and consumption. American free enterprise was robust, confident, and delivering the goods, literally. Collected here is period commentary on the “chief business of the American people,” the rewards and pitfalls of its predominance, and the proper relationship of business and government in promoting the general welfare. An early proponent of applying scientific management principles to market analysis, Percival Percival White White published this essay on Americans’ embrace of business as a national ideal, satirizing “The Almighty Minute” while applauding its centrality in Americans’ sense of the successful modern life. Atlantic Monthly, July 1920 Business is not a part of American life; it is American life. The American businessman devotes 1440 minutes a day to business. Before daybreak, an alarm clock wrests him from his fitful business dreams. He gulps down business news along with his eggs and coffee. He plans business on his way to the office. His morning is spent in reading business, dictating business, and talking business. He keeps a business engagement for luncheon. -
1920S Politics and the Great Depression
Unit 12.2 1920s Politics and the Great Depression 1920s Politics: Prosperity and Depression Theme 1 The Republican administrations of the prosperous 1920s pursued conservative, pro-business policies at home and economic unilateralism abroad. Political Ideology Liberalism/Progressivism Conservatism Gov’t regulation of business Laissez Faire (“Rugged Individualism”) Federal gov’t as an agency of human welfare States’ Rights Graduated income tax/lower tariff Lower taxes/higher tariffs Equality Liberty Progressive-Republicans and “Old Guard” Republicans: Wilson Democrats:1900-20 Gilded Age and 1920s Democrats: 1932-present Republicans: 20th century Southern Democrats: 1877-1994 CYCLES IN AMERICAN HISTORY Liberalism/Progressivism Conservatism Gov’t regulation of business “Rugged Individualism” Gov’t Programs to Help People States’ Rights Higher taxes Lower taxes Civil Rights Moral reform 5 3 1 8 4 6 9 7 2 Equality Liberty 1. Progressive Era: 1900-1920 2. Republicans: 1920-1932 3. Democrats: 1932-1952 4. Republicans: 1952-1960 5. Democrats: 1960-1968 6-7.Republicans:1968-76;1980-92 8. Democrats: 1992-2000 9. Republicans: 2000-2008 10. Democrats: 2008-? WHO WERE THEY BETWEEN 1900-1932? Democrats Republicans Working class Middle Class/Upper Class Irish/“New Immigrants” White Protestants Catholics African Americans Populists (western farmers) Southern Whites WHO ARE THEY NOW? Democrats Republicans Working class Middle Class/Upper Class African Americans White males Latinos Evangelical Christians Women White Southerners Intellectuals Gays/Lesbians I. Election of 1920: A. Republicans nominated Senator Warren G. Harding of Ohio (and Calvin Coolidge as vice presidential running mate) 1. Party platform was ambiguous regarding the League of Nations 2. Harding spoke of returning America to “Normalcy” 3. -
The Ends of Four Big Inflations
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Inflation: Causes and Effects Volume Author/Editor: Robert E. Hall Volume Publisher: University of Chicago Press Volume ISBN: 0-226-31323-9 Volume URL: http://www.nber.org/books/hall82-1 Publication Date: 1982 Chapter Title: The Ends of Four Big Inflations Chapter Author: Thomas J. Sargent Chapter URL: http://www.nber.org/chapters/c11452 Chapter pages in book: (p. 41 - 98) The Ends of Four Big Inflations Thomas J. Sargent 2.1 Introduction Since the middle 1960s, many Western economies have experienced persistent and growing rates of inflation. Some prominent economists and statesmen have become convinced that this inflation has a stubborn, self-sustaining momentum and that either it simply is not susceptible to cure by conventional measures of monetary and fiscal restraint or, in terms of the consequent widespread and sustained unemployment, the cost of eradicating inflation by monetary and fiscal measures would be prohibitively high. It is often claimed that there is an underlying rate of inflation which responds slowly, if at all, to restrictive monetary and fiscal measures.1 Evidently, this underlying rate of inflation is the rate of inflation that firms and workers have come to expect will prevail in the future. There is momentum in this process because firms and workers supposedly form their expectations by extrapolating past rates of inflation into the future. If this is true, the years from the middle 1960s to the early 1980s have left firms and workers with a legacy of high expected rates of inflation which promise to respond only slowly, if at all, to restrictive monetary and fiscal policy actions.