Harding died in office in 1923 calvin coolidge 1923

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Unformatted text preview: e stroke. The Senate continued to reject the Treaty – Wilson refused to compromise – and so it never passed. The US eventually made a separate treaty w/Germany instead. 191 - So – the point of this episode? Basically, that Americans still wanted to stick to nonalignment over collective action. As a new world power – the leading economic power, first in world trade, first in banking, and so on – we wanted to stay away from potential entanglements. - The disappointment about the Treaty also did two opposing things: increase the peace movement and appeals for arms control, and lead to a better trained more professional military. But the bottom line is that maybe b/c of US non-support (or at least somewhat b/c of it) the internat’l system after the war was crap. - Russians were pissed b/c people tried to rain on their parade – I mean, revolution; Germans were annoyed at the reparations, the Eastern European states weren’t doing so good, and there were many nat’list uprisings from the good to the bad to the downright ugly. Stay tuned for the ongoing saga… The Roaring Twenties (1920 – 1929) *Economic Trends* - The economy is perhaps the most important aspect of the 1920s [so if you don’t read the rest read this part]. Here are some of the economic characteristics of the era: Initial Recession Followed by Recovery – Following the end of the war, as demand dropped and soldiers returned looking for jobs, the economy faltered. Farmers were hit especially hard w/the return of worldwide competition. But w/new inventions and such, recovery was rapid, 192 except for the farmers, who faced continued hard times. A Retreat From Regulation – After the war, the regulatory institutions were quickly dismantled (the ones that remained cooperated more than regulated), and the SC & Presidents went probusiness again. Some SC cases included: Coronado Coal Co. v. United Mine Workers (1922) – Striking unions were deemed in restraint of trade. Maple Floor Association v. US (1929) –...
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