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A New Era- The 1920s

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

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A New Era: The 1920s Republican Control Business Doctrine- accepted the idea of limited govt. regulation to stabilize business Presidency of Harding Appointed able cabinet members (1) Fordney-McCumber Tariff Act raised tariffs (2) reduction in income tax (3) Bureau of the Budget Teapot Dome scandal- Secretary of the Interior Fall accepted bribes for oil leases from govt. oil refineries to private entrepreneurs Presidency of Coolidge- “Silent Cal” McNary-Hangen Bill required Parity on certain crops, but he vetoed it Andrew Mellon’s Trickle Down Economics Mixed Economic Development Causes of Business Prosperity Farm Problems- growing surpluses Labor Problems Open shop (jobs open to nonunion workers) Welfare capitalism- offering employees improved benefits & higher wages if not in a union A New Culture The Jazz Age
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