political developments of the post wwi era
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Political Developments of the Post WWI Era. The Republicans Rule. Economic Developments. “Golden Twenties” New industries and fields: autos, chemical, radio, movies etc. Output and profits increased. Flaws in the Business Boom -

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economic developments
Economic Developments

“Golden Twenties”

  • New industries and fields: autos, chemical, radio, movies etc.
  • Output and profits increased.

Flaws in the Business Boom -

  • Coal mining, textiles, agriculture, and the railroads. Purchasing power could not keep up with the increasing output of goods.
warren g harding
Warren G. Harding
  • Conservative Republican “Return to Normalcy.”
  • Favored less gov’t, reduced federal spending and restricted use of Pres. Powers.
  • Pro-business, higher tariffs, lower taxes, lax gov’t regulatory agencies, leaned toward isolationism.
scandals at the national level
Scandals at the National Level
  • Charles Forbes. Veterans Bureau. Embezzled millions.
  • Harry M. Daugherty. Attorney General. Received kickbacks in the rigged sale of government property.
  • Albert Fall. Secretary of the Interior. Teapot Dome Scandal.
  • Could you compare and contrast the Grant and Harding administrations?
significant foreign affairs
Significant Foreign Affairs
  • Return to Isolationism. Rejection of the Treaty of Versailles and non-participation in the League of Nations.

Washington Conference. (1921-1922)

  • Five-Power Agreement: provided for partial naval disarmament.
  • Nine-Power Agreement: pledged respect and territorial integrity of China.
foreign affairs
Foreign Affairs
  • Kellogg-Briand Pact. (1928) Signed by 62 nations. Outlawed aggressive war?
silent cal takes over
Silent Cal takes over.

Election of 1924.

  • Coolidge/Republicans.
  • John Davis/Democrats
  • Robert La Follette & Progressive Party.
  • Coolidge won easily. But, La Follette polled over 5 million votes.
  • “The business of America is business.”
domestic legislation
Domestic Legislation
  • Emergency Quota Act of 1921. Set quotas for “preferential” immigrants.
  • Immigration Act of 1924. Tightened immigration restrictions. Replaced the 1921 act.
  • Adjusted Compensation Act of 1924. Provided WWI vets with paid up life insurance policies.
herbert hoover
Herbert Hoover
  • Election of 1928.
  • Hoover v. Al Smith.
  • Hawley-Smoot Tariff of 1930.
  • Highest protective tariff in history.
  • Implications worldwide?
stock market crash
Stock Market Crash
  • Overspeculation in real estate and stocks.
  • Black Tuesday: October 29, 1929.
  • Beginning of the the Great Depression
  • Reasons:
    • Overpriced stocks
    • Margin buying