Republicans
Control
Presidency
during the 1920s
1920, 1924, 1928 – presidential
elections all result in Republican
presidents.
President Harding, Vice President Coolidge, Hoover
(Sec of Commerce) and members of the cabinet
Harding Struggles with Peace
Harding promises “a return
to normalcy” which the
public favors.
International Problems:
post-war
problems surface (arms control, war debts, rebuilding
war-torn nations)
1.
Harding – 29th
President
in 1928 Kellogg-Briand
Pact nations renounce
war as national policy
and 64 nations agree to disarm and reduce military
power.
–
Problem?
1928 Kellogg-Briand Pact nations
continue International Problems:
(war
debts, high tariffs and reparations)
2. Fordney-McCumber
Tariff raises taxes
on U.S. imports to
60%
•
Result - Britain, France
cannot repay U.S.
3. Dawes Plan — U.S.
investors lend $2.5
billion to Germany
•
Result - resentment
increases between former
allies.
An anti-tariff America cartoon linking the tariff to
isolationism. The French man is saying: “But
Monsieur, where does it end’.
Scandal Hits Harding’s Administration
Harding’s Cabinet
• Harding favors limited
government role in
business, social reform
• “Ohio Gang” = Corruption
– Teapot Dome scandal —
naval oil reserves used
for personal gain
•
August 2, 1923, Harding dies
suddenly
This cartoon depicts the "steamrolling" effect of the Teapot
Dome oil scandal of the Harding Administration in the 1920s.
"I have no trouble with my enemies. I can take care of my enemies in a fight. But my
friends, my g..d…. friends, they're the ones who keep me walking the floor at nights!"
- Quote from Harding on his cabinet of friends and the corruption that plagued it.
1923 – Calvin Coolidge
• Economic policy – favors
minimal government
interference in business.
–
“The chief business of
America is business”
believed government should encourage business, but not
regulate it.
• Wins 1924 election and
resigns in 1928.
1924 election
Herbert Hoover
“The poorhouse is vanishing among us.”
• 1928 election - won popular
support due to economic
prosperity.
• Economic policy – favors
conservative approach
towards business.
The Presidents video (10 min)
31st
President
Left-Side
“The Business of America”
Directions: Use Ch. 12, sect 3 (pgs 422 – 427) to complete the following:
1. Describe how each item changed American life during the 1920s.
Minimum of 2 bullet points.
2. Identify a company or product the name related to each item.
3. Take-A-Stand: Which industry has had the greatest impact on America,
why?
Automobile
Airline Industry
• How did it change America?
•
• Company/product = _____________
Electrical Conveniences
Modern Advertising
Producing Goods
Buying on Credit
•
• Slogan = “_______________”