Friday, May 10, 2013

Forrest Gump

Watergate Scandal – On the morning of June 17, 1972, several burglars were arrested inside the office of the Democratic National Committee (DNC), located in the Watergate building in Washington, D.C. This was no ordinary robbery: The criminals were connected to President Richard Nixon’s reelection campaign.  They had been caught while attempting to wiretap phones and steal secret documents.  While historians are unsure about whether or not Nixon knew about the Watergate espionage operation before it happened, he took steps to cover it up afterward, raising “hush money” for the burglars, trying to stop the FBI from investigating the crime, destroying evidence, and firing uncooperative staff members. In August 1974, after his role in the Watergate conspiracy had finally come to light, the president resigned. His successor, Gerald Ford, immediately pardoned Nixon for all the crimes he “committed or may have committed” while in office. Although Nixon was never prosecuted, the Watergate scandal changed American politics forever, leading many Americans to question their leadership and think more critically about the presidency.

Quote:
"Life is like a box of chocolates; You never know what you're gonna get."

Interpretation:
Life is full of mystery and wonder.  No one chooses their destiny or the life into which they are born; one may be born into a family of great wealth and power and might be destined for greatness, another into a family of utter poverty and desperation, along with mental or physical incapability’s, being destined for a life of shame, etc.



1920's Spring Break Blog

Significant Economic Factors Behind the Stock Market Crash of 1929:

Credit Boom – In the 1920s, there was a rapid growth in bank credit and loans. Encouraged by the strength of the economy, people felt the stock market was a one way bet. Some consumers borrowed to buy shares. Firms took out more loans for expansion. Because people became highly indebted, it meant they became more susceptible to a change in confidence. When that change of confidence came in 1929, those who had borrowed were particularly exposed and joined the rush to sell shares and try and redeem their debts.

Buying on the Margin – Related to buying on credit, practice of buying shares on the margin.  Meant you only had to pay 10 or 20% of the value of the shares; borrowing 80-90%.  Enabled more money to be put into shares, increasing their value.  Many made huge profits by buying on the margin and watching share prices rise; however, investors were left utterly exposed when prices fell.  Margin millionaires got wiped out when the stock market fall came, and banks who had lent money to those buying on the margin suffered as well.

Irrational Exuberance – False expectations. In the years leading up to 1929, the stock market offered the potential for making huge gains in wealth. People bought shares with the expectations of making more money. As share prices rose, people started to borrow money to invest in the stock market. The market got caught up in a speculative bubble; shares kept rising and people felt they would continue to do so. The problem was that stock prices were not being driven by true economic fundamentals but the optimism / exuberance of investors.  By October 1929, shares were grossly overvalued. When companies posted disappointing results on October 24 (Black Thursday), many investors began to feel that it was a good time to cash in on their profits; share prices began to fall and panic selling caused prices to plummet dramatically.  By 1930 the value of shares had fallen by 90%.

Mismatch between production and consumption – The 1920s saw great strides in production techniques, especially in industries such as that of automobiles. The production line enabled increases in production on an unprecedented scale; however, demand for consumer goods was struggling to keep up.  Toward the end of the 1920s, many firms found themselves with an overwhelming surplus of goods, leading to a sharp decline in profits and falls in share prices.  By 1929, there were already warning signs of a battered economy with falling car sales, lower steel production, and slow housing construction.  In spite of this, however, people continued to buy shares.

Agricultural Recession – Even before 1929, the American agricultural sector was struggling to maintain profitability. Many small farmers were driven out of business because they could not compete in the new economic climate. Better technology was increasing supply, but demand for food was not increasing at the same rate; therefore, prices fell and farmers’ incomes dropped.  It was virtually impossible for unemployed farmers to get jobs elsewhere in the economy.

Weaknesses in the Banking System – Before the Great Depression, the American banking system was characterized by having many small to medium-sized firms. America had over 30,000 banks. The effect of this was that they were prone to going bankrupt if there was a run on deposits. In particular, many banks in rural areas went bankrupt due to the agricultural recession. This had a negative impact on the rest of the financial industry.  Between 1923 and 1930 5,000 banks collapsed.

Wednesday, May 8, 2013

Racism in the 1920's


Quote:
"Though men and women drop from the ranks they remain with us in purpose, and can be depended on fully in any crisis. Also, there are millions who have never joined, but who think and feel and -- when called on -- fight with us. This is our real strength, and no one who ignores it can hope to understand America today." Hiram Wesley Evans, The Klan's Fight for Americanism, The North American Review (March-April-May 1926)

Interpretation:
Even if members withdraw from the Ku Klux Klan, they remain tied to it through their perception of racial issues.  They continue to believe and live by the ideas behind white supremacy, essentially continuing their membership in the Klan without the label.  Countless civilians who have never officially joined the Klan but possess the same ideals previously discussed also indirectly contribute to the success of the Klan.  This reality is the very thing which strengthens the Klan and its causes.  It is an incredible American feat.

D. W. Griffith’s The Birth of a Nation helped increase the population of the Ku Klux Klan by relating historical acts of racism to Americanism.  It made racist ideals seem fundamental to the advancement of the American nation.  Without such ideals, our glorious nation would have never even come to be, convincing numerous American citizens to join the fight for the betterment of their country.     

Thursday, April 4, 2013

WWI (Part 2)

Reasons why the U.S. entered WWI:  German U-boats, sinking of the Lusitania, interception of the Zimmerman Telegram,  cutting of the transatlantic cable, sinking of 3 U.S. Naval ships, sinking of the Sussex, and the Russian revolution.

Cartoons
1)German U-Boats
2)Sinking of the Lusitania
3)Interception of the Zimmerman Telegraph
4)Cutting of the transatlantic cable
5)Sinking of 3 U.S. Naval ships
6)Sinking of the Sussex

The Russian revolution is missing; after Russia was liberated, the U.S. was more willing to enter the war.

Wednesday, March 20, 2013

1920's In-Class Assignment

1.  Unlike the majority of U.S. residents at the time, President Harding believed that World War I was not necessarily at fault for the increased moral degradation of the American people.  He was convinced that, instead, the disregard of American law on behalf of highly influential, authoratative figures within the nation paved the way for other members of society to follow, subsequently leading to horrific ethical corruption.  If respect for the law was to be maintained, such figures of influence had to have led by example.

2.
The Drunkard's Progress


     With a lack of temperance, upper-class members of American society often fell victim to alcoholism, leading them to engage in disorderly conduct.  Excessive spending on alcoholic beverages in an attenpt to satisfy their addiction  impoverished a number of them.  The drinking also diseased them, attacking, and gradually weakening, their livers.  They soon found themselves alone, unwanted, friendless, and in utter despair.  With little to their name and virtually no hope for bettering their condition, they resorted to a life a crime.  Seeing no purpose in living such a life of distaste any longer, many committed suicide.

Till Death Do Us Part
In the latter portion of the 19th century and into the early 20th century, alcoholism was the number cause of marital divorce in the U.S.  It plagued matrimonies with extreme domestic violence and uneccesary spending, shattering homes and ,in turn, the lives of children across the nation.

Monday, March 11, 2013

WWI (Part 1)

How the following factors lead to war:

1) Imperialism:  as a result of it, intense rivalries among various nations arose across the globe.

2) Militarism:  military expansion simply made war inevitable, for, it sparked tension among numerous countries on a national scale.

3) Nationalism:  nationalistic nations often acted on behalf of their own interest, completely ignoring that of neighboring nations and harming them as a result.  This only served to heighten resentment and the potential for combat among the nations.

4) Alliances:  once a nation began to have issues with another, a domino effect was initiated; the nations' allies were dragged into the conflict, blowing it out of proportion and igniting a war.

American Imperialism


     The political cartoon above illustrates the incredible extent of American imperialism by the end of the 19th century.  It also conveys the astute pride the U.S. had in having dominion over such a wide array of global nations, depicting iconic, nationalistic symbols, such as the eagle, colonial stripes, and state stars, about the globe.

Factors contributing to the U.S. decision of becoming an imperialistic nation in the latter portion of the 19th century include:  nationalism (as expressed above), militarism (Naval base and troop expansion), humanitarianism (westernization), and economic opportunity (natural resources and new markets for manufacured goods).

Industrialization, Urbanization, Immigration, & Flagler


Industrialization at its finest:  the very first oversea train locomotive reaching its desitnation at Key West off the Florida peninsula.


Ahh, a product of the Gilded Age, Hotel Ponce de Leon, one of the most luxorious establishments ever to come into existence.


Immigrant railway labor:  the best one can acquire; low wages, high profits, content workers. 

The Rise of Labor Unions


     As industry reached new heights in the 19th century, relations between factory owners and their respective employees began to suffer, shifting from that of a personal nature to that of sole busniess interest.  The result:  intense exploitation of factory workers; they were paid meager wages and arduously labored for seemingly endless hours in conditions which weren't the least bit pleasurable.  Soon enough, however, the laborers began to feel a desperate need for change; yet, the fact that minute resistance was not going to suffice in bringing about such change thwarted the desire in many.  Individual workers could easily be replaced by those willing to take on the exploitative jobs; immigrants, for instance.  In light of this, countless workers who could bear the harsh nature of their self-absorbed employers no longer decided to come together in the latter portion of the 19th century to better their conditions, forming so-called "labor unions" in the process.  The Federation of Organized Trades and Labor Unions, founded in 1881, is just one of the several unions formed at the time.  It was succeeded by the American Federation of Labor in 1886, whose sole task involved the use of srikes, boycotts, and negotiations to win better working conditions, higher wages, and union recognition under the dominating capitalist system of the time.  Unions such as this gained increasing infulence through time and, ultimately, helped promote the passing of labor laws and regulations for the benefit of the poorly kept, working-class citizens who comprised them.

     The picture illustrated above conveys the sheer cruelty and inconsideration late 19th-century factory owners had toward their virtually helpless employees.  The words, "monopoly, capitalism, plutocracy, and wage slavery," sit at the top of the upper gear.  These very words provide insight into what allowed such atrocities to take place at the time; the enterprise owners abused the capitalist economic system of the time to form business monopolies, which granted them an unimaginable amount of weallth and, in turn, power (plutocracy).  Afterward, the egoists exploited their workers (essential slaves), paying them as little as possible, while, at the same time, charging them a preposterous rent fee.  This led to the inevitable formation of the many determined and solidary labor unions which helped change the way things were managed in the work force forevermore, setting the foundation for what it is today.

Thursday, March 7, 2013

Manifest Destiny

File:American progress.JPG

     The American settlers and railways depicted in this painting are moving in a westbound direction and are being guided by a centrally-located, eye-catching angel, illustrating the sole desire the U.S. had during the initial stages of the Manifest Destiny era: expansion to the west of the Mississippi River in  pursuit of Christianizing heathen Native Americans and, thus, fulfilling its "destiny."  The Natives and their respective animals express a sense of utter terror and confusion toward the essential invasion taking place in their homeland, erratically fleeing the scene into what seems to be a cloud of destruction. The settlers, as well as the angel, are gradually establishing themselves in the area, constructing bridges, electrical lines, and the like, as they move further west.

Friday, February 8, 2013

Analyzing Primary Documents

Part 1

1. After reading the Bill, what plans do you see laid out for the former slaves?
The granting of vital provisions, such as clothing; fuel; shelter; education; abandoned, tracts of land; food; water; and health care, for an allotted amount of time.
2. What do you think could have been added to the Bill to garner broader support?  What could have been changed or taken away?
Specific provisions could have been added to garner broader support, for, the Bill speaks of the supplying of general provisions as the Secretary of War deemed needful; however, such provisions may not have fulfilled the true individual needs of the post-war destitute.  In additions, the three-year tax on the tracts of land could have been lowered slightly to allow newly freed slaves and impoverished Southerners to "gt back on their feet."
3. Aside from their opposition to the abolition of slavery, what problems do you think the members of Southern States had with the Bill?  Can you think of anything that would have appeased them?
The former Confederates most likely resented the granting of previously mentions provisions to their former slaves, which they viewed as utter inferiors.  If such provisions were stripped form the freed blacks, the Southerners would have undoubtedly been appeased.

Part 2

1. What is her attitude toward white Southerners and their treatment by the federal government?
She views white Southerners as victims to the oppressive federal government, which essentially forced them to take an oath of allegiance to the North and virtually granted primary control of electoral votes to invasive "carpetbaggers" and newly freed Negroes.
2. What do you think accounts for her view?
I believe her perception is influenced by the fact that she is a Southerner herself, for, this would, naturally, lead her to be bias in favor of her people.
3. Would people with different views agree with her conclusions about "peace" in the South?  Why or why not?
People with opposing views would probably not agree with her conclusions but, instead, contradict them; perceiving the South as a corrupt place, guilty of ignitingg an exceptionally costly war and deserving punishment.

Monday, February 4, 2013

Reconstruction Cartoon

 
     During the Reconstruction period which followed the abhorrently destructive Civil War, a concentrated number of Northerners moved South, claming that their reason for moving was merely to aid in the expedition of the nation's post-war recovery.  The former Confederates, however, perceived these Northern people as nothing but highly invasive "carpetbaggers," only seeking to gain acute wealth and political infulence through intense exploitation.