1 / 13

REPUBLICAN LEADERSHIP OF THE 1920’S How did the relationship between big business & the government aid economic grow

REPUBLICAN LEADERSHIP OF THE 1920’S How did the relationship between big business & the government aid economic growth?. WARREN G. HARDING 1921-1923 RETURN TO STABILITY & NORMALCY POWERFUL CABINET STATE – CHARLES EVANS HUGHES TREASRUY – ANDREW MELLON COMMERCE – HERBERT HOOVER.

unity
Download Presentation

REPUBLICAN LEADERSHIP OF THE 1920’S How did the relationship between big business & the government aid economic grow

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. REPUBLICAN LEADERSHIP OF THE 1920’SHow did the relationship between big business & the government aid economic growth? • WARREN G. HARDING 1921-1923 RETURN TO STABILITY & NORMALCY • POWERFUL CABINET • STATE – CHARLES EVANS HUGHES • TREASRUY – ANDREW MELLON • COMMERCE – HERBERT HOOVER

  2. THE OHIO GANG • ATTORNEY GENERAL: H.DAUGHERTY • INTERIOR: ALBERT FALL • VETERANS BUREAU: CHARLES FORBES

  3. FORDNEY-MCCUMBER TARIFF ’22 The Fordney-McCumber Act established the highest tariffs in history, with some duties up to 400% and an average of 40%. DEBT REDUCTION 19TH AMENDMENT SHEPPARD TOWNER ACT ’21: RURAL PRENATAL CARE( EXP. ’29) 4 WAYS GOVERNMENT SUPPORTED BIG BUSINESS: 1) TARIFF 2) A. MELLON POLICIES 3) CUTBACKS AT FTC & PRO-BUSINESS APPOINTMENTS 4) HERBERT HOOVER DOMESTIC AFFAIRS – MELLON AT THE HELM ECONOMIC NATIONALISM

  4. EFFECTS OF TARIFF • RETURN TO PROTECTIONISM • FARMER’S HURT • DOESN’T ADDRESS PROBLEM OF OVER-PRODUCTION & DECLINING PRICES • PREVENTS EURO. FROM PAYING OFF DEBT

  5. WASHINGTON NAVAL CONFERENCE 1921 a. US, GB, FR, ITALY & JAPAN b. 5 POWER TREATY – SPECIFIC RATIO OF BATTLESHIPS c. 4 Power Treaty – respect interests in islands off Pacific d. 9 Power Treaty – China’s independence & Open Door FOREIGN AFFAIRS – INDEPENDENT INTERNATIONALISMinvolved in foreign affairs when it served our interest

  6. DEATH & SCANDALS “I HAVE NO TROUBLE WITH MY ENEMIES, IT’S MY DAMN FRIENDS THAT KEEP ME UP AT NIGHT” • TEAPOT DOME – LEASING OIL RESERVES FOR BRIBE: A. FALL JAILED • FORBES CONVICTED OF STEALING FUNDS & FLED • DAUGHERTY ESCAPED CONVICTION 2 CRIMIINAL TRIALS

  7. COOLIDGE TAKES OFFICE AT HOME IN VERMONT BY HIS FATHER’S SIDE • PHILOSOHY WAS TO PRESIDE BENIGNLY NOT GOVERN THE NATION • RAISED ETHICAL TONE IN D.C. • EPITOMIZED MYTH OF AMERICAN SELF MADE MAN • “THE BUSINESS OF AMERICA IS BUSINESS” – 1 OF MANY EPIGRAMS HE ‘LIVES’ BY

  8. DOMESTIC AFFAIRS ANDREW MELLON CONTINUES AS SECRETARY OF THE TREASURY • LOWER INCOME TAX RATES FOR WEALTHY • TRICKLE DOWN THEORY IS BORN

  9. MISSISSIPPI FLOOD 1927 – “NO DUTY TO PROTECT AGAINST THE HAZARDS OF NATURE” C. COOLIDGE

  10. NO FARMER RELIEF • MCNARY HAUGEN ACT 1924: 2X VETOED ’27 & 28 • Purchase surplus at avg. price 1909-14 & resell abroad at market price • Make up difference w/ tax on domestic sales of same commodities • Beware “tyranny of bureaucratic regulation & control”

  11. FOREIGN AFFAIRS: WAR DEBT & REPARATIONS • DAWES PLAN 1924: $200M LOAN TO GER. • a. Germany agrees to pay $250m/yr to allies • to stabilize German currency through investment & rebuilding economy

  12. KELLOGG-BRIAND PACT 1928: 62 NATIONS OUTLAW WAR • French want US protection and commitment • 62 nations in all sign pact • ineffective due to no enforcement.

  13. ELECTION OF 1928 • HOOVER – DRY, PROTESTANT & NATIVE • SMITH – WET, CATHOLIC & IMMI-GRANT • PERSONIFICATION OF DIVISIONS WITHIN AMERICA • HOOVER 58% OF POPULAR VOTE • DEMOCRATIC GAINS IN CITIES SHOWS SHIFT IN ELECTORATE

More Related