A New Era, The 1920s

A New Era, The 1920s - A New Era: The 1920s Republican...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
A New Era: The 1920s Republican Control 1. Business Doctrine a. Return of the old-guard (conservative) Republicans 2. The Presidency of Warren Harding a. A Few Good Choices i. Charles Evans Hughes as Secretary of State ii. Herbert Hoover as Secretary of Commerce iii. Andrew Mellon as Secretary of the Treasury iv. Former President William Howard Taft as Chief Justice of the Supreme Court b. Domestic Policy i. A reduction in the income tax ii. An increase in tariff rates under the Fordney-McCumber Tariff Act of 1922 iii. Establishment of the Bureau of the Budget, with procedures for all government expenditures to be placed in a single budget for Congress to review and vote on c. Scandals and Death 3. The Presidency of Calvin Coolidge a. He was a man of few words who richly deserved the nickname “Silent Cal” b. Coolidge summarized both his presidency and his era in the phrase: “The business of America is business” c. The election of 1924 i. Republicans nominate Coolidge ii. Democrats nominate John W. Davis iii. Progressives nominate Robert La Follette iv. Coolidge wins easily d. Vetoes and Inaction i. Coolidge believed in limited government that stood aside while business conducted its own affairs 4. Hoover, Smith, and the Election of 1928 a. Coolidge declined to run for the presidency a second time b. Republicans nominate Herbert Hoover c. Democrats nominate Alfred E. Smith i. He did not appeal to Americans because he was a Roman Catholic d. Hoover won i. He suggested that poverty would soon be ended altogether Mixed Economic Development 1. The decade began with a brief postwar recession (1921), entered a lengthy period of business prosperity (1922-1928), and ended in economic disaster (October 1929) with the nation’s worst stock market crash 2. Causes of Business Prosperity
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
a. Increased productivity b. Energy Technologies i. Oil was used to power factories and to provide gasoline for automobiles ii. Electric motors in factories and new appliances at home
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/17/2008 for the course HIST 101 taught by Professor Dr.dolittle during the Spring '08 term at Cedarville.

Page1 / 5

A New Era, The 1920s - A New Era: The 1920s Republican...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online