In 1923, Harding died suddenly in San Francisco in August 2, 1923. Apparently of a heart attack.
Workbook project courtneyfinal Period 5
Politics and Government By Courtney, Alyssa, & Jeth
HARDING, COOLIDGE, AND HOOVERADMINISTRATIONS Political party: Republican Harding is inaugurated as the 29th president, served from 1921- 1923 Harding appointed Secretary of State Charles Evans Hughes, a former Supreme Court justice and presidential candidate; Secretary of the Treasury Andrew Mellon, a Pittsburgh alum and banking magnate and reportedly the richest man in America; and Secretary of Commerce Herbert Hoover, a dynamic multimillionaire mine owner who was famous for wartime relief efforts. Weak-willed president whose easygoing ways opened the door to widespread corruption in his administration.
The Harding Scandals and the BonusBill veto One of the most known scandals was the Teapot Dome Scandal that happened in the early 1920s. When Warren G. Harding was president, his Secretary of the Interior, Albert Fall, received bribes from oil companies to lease oil reserves that had been allocated to the U.S. Navy. Veteran’s Bureau Scandal. The head of the agency intended to assist ex- servicemen embroiled in corrupt practices and served time in federal prison. Justice Department Scandal. Harding’s political mentor and closet advisor headed a corrupt Department of Justice, but twice was acquitted by juries. Alien Property Custodian Scandal. The head of an important federal oversight agency was imprisoned for corrupt practices. Bonus Bill veto was a U.S federal law passed in May 19, 1924. it created a benefit plan for World War I veterns as additional compensation for their military service.
HARDING, COOLIDGE, AND HOOVERADMINISTRATIONS Coolidge is sworn in on August 3, 1923 Served two terms. Tight-lipped Vermonter who promoted frugality and pro-business policies during his presidency In his State of the Union Address, Coolidge pledges his support for prohibition, tax cuts, U.S participation in the World Court, and his opposition to federal regulation of business. In 1926, Coolidge signs the Revenue Act, which cuts income taxes and shrinks the size of the federal government.
HARDING, COOLIDGE, AND HOOVERADMINISTRATIONS Inauguration: March 4, 1929 in 1929, Hoover signs the Agricultural Marketing Act, creating a Federal farm Board to promote agricultural commodity marketing by extending loans to cooperatives. in 1929, about 60% of American public live below the official poverty line, stock prices reach an all-time high. The soaring stock market leads Hoover to state that Americans had won “the final triumph over poverty”.In 1930, the stock market crashes and the Great Depression begins.
Hawley-Smoot Tariff Act – June 1930 During WWI, countries outside Europe increased their agricultural production. After the war, European producers stepped up their production. This led to massive agricultural overproduction. Hoover pledged to aid American farmers by raising tariff levels on agricultural products as part of his 1928 election campaign. The tariff was largely protested by economists yet Hoover signed it into law on June 1930. It established some of the highest rates in history on 60% of all imported items. The act was supposed to encourage the purchase of American made products by increasing the cost of imported goods, while raising revenue for the federal government and protecting farmers. It was supposed to help the Depression.
Outcome and Consequences Because economic depression was spread throughout the world, other nations increased tariffs on American goods in retaliation and thus, creating a trade war. It reduced international trade by 66% and worsened the Depression. The act created distrust among nations leading to less cooperation in either the political or economic areas. This act was not the initial cause of the Depression.
The effects of the NineteenthAmendment on society The Nineteenth Amendment guaranteed the right for women to vote. It was ratified on August 18, 1920. It came as a result of women’s suffrage movement. It gave women the same power that men had and showed equality. It allowed women more rights and social freedom, eventually giving them a new image: a “flapper” woman as opposed to the conservative, Victorian Age style. Women gained financial independence, the number of women in the workforce greatly increased.