The 1920’s: Republican Resurgence

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Presentation transcript:

The 1920’s: Republican Resurgence

Harding’s Administration Political Appointments “Ohio Gang” Supreme Court Andrew Mellon Tax reductions Higher tariff Big Business Herbert Hoover Taft Mellon

Corruption!! Ohio gang Teapot Dome Scandal Harding’s death Albert Fall Harry M. Daugherty Florence Harding

Calvin Coolidge- the TRUE Capitalist “Silent Cal” “The business of America is business!”

Hoover- Progressive and Humanitarian Tax reduction for lower classes Promote African American Rights Endorse Agricultural Marketing Act Hawley-Smoot Tariff

ECONOMIC BOOM Spurred on by use of the assembly line, electricity,& the auto industry Auto Industry Ford’s $5 work day Oil, rubber, steel Service stations Road building suburbs Model T Henry Ford

New Industries Aviation Chemical Radio Movies

REALLY BIG BUSINESS! Oligopoly: control of an industry by a few giant companies Automobile, banking, retail BIG= efficient & productive

America Becomes a Consumer Society

Higher Standard of Living? 71% earn less than necessary for a decent Standard of Living Declining wages Rising consumer prices Buying on credit

Decline in Unionism Open-shop Yellow Dog Contracts Welfare Capitalism Failure to organize women & minorities Rising middle class Red Scare

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