HISTORY 1DD3 Lecture Notes - Lecture 11: Stock Market, Immigration Restriction League, Immigration Act Of 1924
22 Oct 2017
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Fear competition for jobs: race riots. Chicago riot: starts over altercation at beach, 6 days of violence, bomb scares. Targets: politicians, wealthy, powerful, opponents of radicals, red scare. Russian revolution: bolshevik takeover, u. s. communist party formed. Support blacks, labor unions: a. mitchell palmer. Attorney general: conspiracy theory, strife caused by bolsheviks. Begins harassing communists: many foreign born, arrests and deports many, results in: fear of foreigners (nativism, fear of foreigners (nativism) Immigration restriction league: mostly upper class, white, anglo-saxon, protestant. Immigration quotas (1921: set limits on immigrants. National origins act (1924: reduce quotas each year, quotas based on a nationality"s % of u. s. population. Strong anti-u. s. sentiment in japan: by 1929 only 150,000 immigrants admitted. The new ku klux klan (kkk: anti-foreigner. Murder scandal (dc stephenson raped and murdered secretary) exposes. Causes of crash itself: speculative fever. All investors wanted to be in market. The demand for stocks creates arti cially high prices. Money loaned to speculators to buy stock.
