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PRESIDENT HARDING REPUBLICAN

PRESIDENT HARDING REPUBLICAN. THE OHIO GANG /TEAPOT DOME SCANDAL. Fordney – McCumber Tariff . @1922 raised taxes on U.S. imports to 60% Protected US businesses from foreign competition Impossible for Britain & France to sell enough goods in the U.S. to repay war debts

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PRESIDENT HARDING REPUBLICAN

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  1. PRESIDENT HARDING REPUBLICAN THE OHIO GANG /TEAPOT DOME SCANDAL

  2. Fordney –McCumber Tariff • @1922 raised taxes on U.S. imports to 60% • Protected US businesses from foreign competition • Impossible for Britain & France to sell enough goods in the U.S. to repay war debts • American investors loaned Germany 2.5 billion$ to pay back Britain & France • U.S. arranged to be repaid with own $ • DID NOT MAKE EUROPEAN NATIONS HAPPY):

  3. OHIO GANG Pres. Harding’s poker buddies who became his advisors or cabinent members

  4. TEAPOT DOME SCANDAL

  5. What happened • Where: Teapot dome, WY & Elks Hills, C A • WHO: U.S. Navy & Secretary of Interior Albert Hall & various oil executives • HOW: Fall secretly leased land to 2 private oil companies & received more than $400,000 in loans, bonds & CASH • Hall was the 1st American to convicted of felony while holding a cabinet post

  6. HARDINGS DEATH • 8/2/1923 the stress from scandal caused him a heart attack or stroke

  7. President Calvin CoolidgeHelped restored peoples faith in government & REPUBLICAN PARTY UNITL ….

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