HIST 1100 Chapter 23: Chapter 23 Modern Times notes

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In may 1927 charles lindbergh flew his small plane, the spirit of st. louis, from ny to. He returned a hero, and time magazine"s first man of the year in 1928. Samuel insull"s commonwealth edison company by 1907, was providing electrical power for the entire city, and by 1924 his chicago rapid transit company was offering transportation to many of its residents as well. But the collapse of the stock market in 1929 resulted in the holding company built by. Insull to collapse into bankruptcy, and 600,000 investors had lost their life savings. He fled to greece and then paris in disgrace: the business-government partnership of the 1920s. The nation"s prosperity from 1922 to 1929 seemed to confirm the wisdom of allowing corporate interests to manage economic life; business leaders were now respected: politics in the republican new era . For the 1920 presidential elections, democrats chose james m. cox and called for us participation in the league of nations.

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