1921 saw a complete transformation in the Presidency and in the United States. The economy boomed fuelled by a soaring stock market, easy credit, growing availability of electricity and a swathe of new inventions and indutries. Social and cultural life was revolutionised by new forms of entertainment such as cinema and mass sports, women enjoyed new freedoms and african americans began to develop their cultural revival and movement towards civil rights. On the darker side racial discrimination was as challenging as ever with the rise of the Ku Klux Klan and anti immigrant feelings; Prohibition created a wave of lawlessnes and the rise of gangsters and vast crime networks and the economy crashed to its deepest depression in US history in 1929. Throughout all this the office of President was reduced in importance and influence following the Great progressive and activist presidencies of Roosevelt and Wilson. Instead the three presidents in this period developed a caretaker role. Something which fitted the Laissez Faire ideas of the time.
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