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Republican Presidents of the 1920s: Economic Impact and Scandals

Explore the effects of Harding, Coolidge, and Hoover on the economy, labor movements, and history. Learn about scandals like Teapot Dome and their policies favoring the wealthy.

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Republican Presidents of the 1920s: Economic Impact and Scandals

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Presentation Transcript

  1. 20.2 The Republicans in Power Explain the impact of the Republican presidents Harding, Coolidge and Hoover…

  2. Bellringer • What is the Republican stance on government involvement in the economy?

  3. Copy HW • Read and outline p.634-639 • Questions • What were the effects of the Republican presidents of the 1920s? • How did labor movements fair in the 1920s? • What role did the government play in the economy during WWI? • Give an example of an annexation of a territory by the US.

  4. Compare and Share HW • Read and outline p. 628-633

  5. Intro • Review - Why had Wilson been elected to the Presidency? • What happened in the election of 1919?

  6. Watch Movie • Questions • What were the Republican Presidents of the 1920s stance on the gov. involvement in the economy? • What were the scandals of Harding’s administration? • What were the impacts of the policy’s of these Presidents on history?

  7. 21.2 • Economic Policy- Harding • Probusiness, anti-labor, tax revision, higher tariffs • “Less Government in business and more business in government.” • Trickle down theory – tax cuts for wealthy

  8. Eco. Policy -Coolidge • Took over after Harding’s death and won re-election in 1924 • More Pro-business than Harding • Favored aid to business but opposed it to farmers and workers • Trickle Down Theory • Vetoed Veterans Bonus Bill and surplus purchase of farm goods

  9. Herbert Hoover • Won 1928 election against Al Smith (governor of NY) who was Catholic, opposed Prohibition, ties to Tamanny Hall • Pro-business • Trickle Down Theory

  10. Harding Scandals • Ohio Gang –Harding’s friends • Forbes’ Scandal – Veterans’ Bureau • Teapot Dome Scandal – Sec. of Interior Albert Fall took bribes for the federal oil reserve from private companies

  11. “I have no trouble with my enemies. I can take care of my enemies all right. [It’s my] friends that keep me …walking the floor at night.”

  12. Republican Impact on the Economy • Tax cuts for wealthy spawned industrial growth • Mergers encouraged and antitrust laws ignored – efficient factories • Workers did not share the wealth- returned to prewar conditions • Organized labor suffered – less power – gov. sided with business- “yellow dog contracts” and open shops

  13. Closure What were the negative impacts of the Republican presidents?

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