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Politics in the Twenties

Politics in the Twenties. The Harding Administration. Harding’s Appeal “Normalcy” The Ohio Gang Cronyism “the Teapot Dome Scandal” An Undignified Exit Died on western trip, Aug 1923 Self-Doubts confirmed Our worst President?. Cool Cal Takes Over. “The Business of America is Business”

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Politics in the Twenties

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  1. Politics in the Twenties

  2. The Harding Administration • Harding’s Appeal • “Normalcy” • The Ohio Gang • Cronyism • “the Teapot Dome Scandal” • An Undignified Exit • Died on western trip, Aug 1923 • Self-Doubts confirmed • Our worst President?

  3. Cool Cal Takes Over • “The Business of America is Business” • Return of Laissez-Faire • Contrast with Harding • Wise appointments • Andrew Mellon • Herbert Hoover • Popular Policies • Balanced Budget • Supply-Side Economics • Cooperative individualism

  4. A Booming Economy • New Industries • Mass production and the assembly line • Henry Ford’s Model T revolutionizes travel • Ford increase wages, shortens workday • Gas Stations and Garages • Airline Industry • 1928: 48 airlines serving 355 American cities • Radio • NBC and CBS set national network of Stations

  5. The New Middle Class • Consumer society • Professional managers and engineers • Increased disposable income • electric razors, frozen foods, cleaning supplies • Madison Ave: Rise of the Advertising Industry • Availability of Credit • Weakening Unions • Welfare capitalism and open shops

  6. Down on the Farm • Innovations increase production • Supply shoots up, demand bottoms out • Inflation, coupled with decreased purchasing power fueled quiet depression • Farm Aid Falls Short • Fordney- McCumber Act raises tariffs, closes foreign markets • Coolidge vetoes bill for government to by surplus and sell overseas

  7. Foreign Policy • Isolationism • Americans weary from foreign entanglements • U.S. Rejects League of Nations, but still active • War Debt • Dawes’ Plan and circular debt • Washington Conference (1925) • Five Powers treaty: 10 year naval freeze • Colonial territories recognized • Kellogg-Briand Pact (1928) • Treaty to outlaw war

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