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“The change is amazing ”

“The change is amazing ”. Harding (R). Wilson (D). March 4 th , 1921 – Harding becomes president ( R ) [warm, friendly, open] Wilson ( D ) was out [sick, remote, bitter] “Back to Normalcy” was Harding’s slogan. Republicans in Office. WW1 had helped the economy

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“The change is amazing ”

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  1. “The change is amazing” Harding (R) Wilson (D) • March 4th, 1921 – Harding becomes president (R) [warm, friendly, open] • Wilson (D) was out [sick, remote, bitter] • “Back to Normalcy” was Harding’s slogan

  2. Republicans in Office • WW1 had helped the economy • When it began – Eu. ordered tons of supplies from U.S. factories • When U.S. had joined - factories expanded rapidly meeting demands for military supplies

  3. Republicans in Office 1.) When war ended – two million soldiers came home & looked for jobs 2.) At the same time, factories stopped turning our war materials Result: sharp recession: economic slump

  4. Harding Takes Office • Recession fed voter discontent with Democrats (held power for 8 years) • Cabinet positions: he filled with men who followed pro-business policies • Andrew Mellon: became secretary of the treasury: balanced budget/ lowered taxes • Herbert Hoover: became secretary of commerce: helped American businesses expand overseas

  5. Corruption & Scandals • Harding brought in friends for most other Cabinet posts • Ohio Gang: “old friends” & Cabinet members of Harding’s administration who saw government service as a way to enrich themselves; resulting in a series of scandals

  6. Scandal • “Friends” betrayed him, didn’t take their jobs seriously, stole money & carried out scandals... Harding was stressed • August, 1923 Harding died of a heart attack

  7. Teapot Dome Scandal - Harding’s secretary of the interior (Fall) had been bribed by 2 oil executives - Fall secretly leased them gov’t land in California & Teapot Dome, Wyoming - Fall = 1st cabinet official ever sent to prison

  8. Coolidge Takes Office (R) • Party Hardy & Silent Cal • “Silent Cal” was tight with $$ & words vs. Hardingwho liked to party & give long speeches) • Coolidge Sets out to correct damage caused by scandals • Forced officials involved in scandals to resign • 1924 – wins again “keep cool with Coolidge”

  9. Coolidge Prosperity • Believed that prosperity for all Americans depended on business prosperity • Cut back regulations on business • Named business leaders to head gov’t agencies

  10. Industry Booms – “Coolidge Prosperity” • His pro-business policies contributed to a period of rapid economic growth (1923-1929 production doubled) • For most Americans, income rose • Able to buy a flood of new consumer products (fridge, radios, vacuums, appliances)

  11. Businesses used advertising to boost sales of consumer goods • Encouraged people to think their happiness depended on owning a wealth of shiny new products - People often wanted to buy things they couldn’t afford

  12. BRAIN BREAK!!! EQW: what was your most favorite thing to pretend when you were a little kid?

  13. Remaining Time Today: • Daily Reader • Key Terms… work efficiently! • Tomorrow: installment buying

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