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CP US - Ch. 22 - Sec. 2

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CP US - Ch. 22 - Sec. 2 CP US - Ch. 22 - Sec. 2 Presentation Transcript

  • The Good Old Days- 1920s America
    A Return to Normalcy
    Rejection of Woodrow Wilson and his international policies
    Election of Republican presidents
    Return of scandal and corruption
    Isolationist policies
    High tariffs
    Wide-scale prosperity
    Prohibition Era
    Rise in organized crime (the mob)
    Jazz Age
  • Harding Administration
    Republican Warren G. Harding was elected President in 1920
    Surrounded himself with the “best minds” (reality was that they were his “cronies” known as the Ohio Gang)
    Secretary of State- Charles Evans Hughes
    Secretary of Commerce- Herbert Hoover
    Secretary of the Treasury- Andrew Melon
    Secretary of Agriculture- Henry Wallace
    Secretary of the Interior- Albert Fall
    Attorney General- Harry Daugherty
  • Harding’s Foreign Policy
    1921- Ignored the Treaty of Versailles and signed a separate peace with Germany
    1921- Washington Naval Conference
    Armaments reduction meeting of major countries
    Five Power Treaty- England, Japan, US, France, and Italy
    Agreed to limit the number of war ships being produced and scrap existing ships and to not build forts or naval bases in the Pacific
    Nine Power Treaty- US, Japan, China, France, England, Italy, Belgium, Holland, and Portugal
    Agreed to observe the Open Door in China and to respect China’s integrity
    Four Power Treaty- US, England, Japan, and France
    Agreed to respect one another’s possessions in the Pacific
    View slide
  • Harding’s Domestic Policy
    Republican Platform under Harding
    Higher tariffs
    Lower taxes
    Less government spending
    Aid to disabled soldiers
    Aid to farmers
    View slide
  • Harding’s Domestic Policy
    Budget and Accounting Act
    Set up the Bureau of the Budget and a General Accounting Office
    Allowed US citizens to see how the government intended to spend their money
    Fordney-McCumber Tariff
    Raised duties on agricultural and industrial products
    Adversely affected the flow of foreign trade
    European nations responded with high tariffs of their own
  • Harding’s Domestic Policy
    Congress repealed the wartime excess profits tax on industry, reduced the top level of taxes on the wealthy from 65 to 50% (eventually down to 25%), and lowered taxes for middle and lower-income people
    Bonus Bill
    War veterans asked for increased benefits
    Harding vetoed this bill and Congress could not override
    Eventually passed during Coolidge’s administration as the Adjusted Compensation Act
  • Harding’s Domestic Policy
    War debts and reparations
    Harding called for the repayment of war debts owed by the Allies to be paid in installments
    1922- United States War Debt Commission
    Created to negotiate repayment plans with 17 Allied nations who owed the US money due to WWI
    1924- The Dawes Plan
    Reduced Germany’s reparations and allowed for payment over time
    US banks and financiers lent money to Germany to pay their reparations
  • Scandal and Corruption
    Veteran’s Bureau
    Headed by Charles Forbes
    In charge of the hospitals and all other forms of veterans’ relief
    $250 million wasted or stolen from this program
    Forbes left the country and resigned his position, but later would serve 2 years in federal prison
    Charles Cramer, the Bureau’s legal advisor, committed suicide
    Jesse Smith, Justice Department aid, was wrapped up in this scandal and committed suicide as well
  • Scandal and Corruption
    Alien Property Custodian
    Headed by Thomas Miller
    In charge of taking and maintaining German property in the US during WWI
    Miller sold much of this land and pocketed millions of dollars
  • Scandal and Corruption
    Teapot Dome Scandal
    Involved Secretary of the Interior Albert Fall
    US had set aside oil fields as reserves and Fall leased two of these fields (Teapot Dome in Wyoming and Elk Hills in California) to private businesses in exchange for $325,000
    Fall was imprisoned
    Supreme Court canceled the leases
  • Harding’s Death
    Warren Harding fell ill on a trip to the West Coast and Alaska in the summer of 1923
    He succumbed to his illness and died on August 2, 1923