1. Postwar Struggles Returning soldiers faced unemployment
Took back many jobs away from women and minorities
Decrease in demand of goods for farmers and factories
Naval Disarmament
Led by Charles Evans Hughes
Kellogg-Briand Pact
Dawes Plan
Loaned Germany $2.5 billion to pay debts to France and GB

2. Election of 1920 Running Mate: Franklin D. Roosevelt
James M. Cox (D)
Warren G. Harding (R)
Running Mate: Franklin D. Roosevelt
In favor of the League of Nations
Worked in newspaper business
“Normalcy”
Running Mate: Calvin Coolidge
Against League of Nations
Open door policy with the press

3. Election of 1920 Pop Vote: 9,141,535 Electoral Vote: 127
James M. Cox (D)
Warren G. Harding (R)
Running Mate: Franklin D. Roosevelt
In favor of the League of Nations
Worked in newspaper business
Pop Vote: 9,141,535
Electoral Vote: 127
“Normalcy”
Running Mate: Calvin Coolidge
Against League of Nations
Open door policy with the press
Pop Vote: 16,147,885
Electoral Vote: 404

4. Warren G. Harding (R 1921-1923) Blooming Grove, Ohio
Newspaper Publisher
Ohio Senator ( )
Lieutenant Governor ( )
Senator ( )
Opposed the 19th Amendment, supported the 18th Amendment
Unqualified
Died of a heart attack

5. Scandal Ohio Gang Teapot Dome Scandal Members of Harding’s cabinet
Poker buddies
Teapot Dome Scandal
Oil reserves out West had been set aside for the Navy
Albert B. Fall (Secretary of the Interior)
Gets the reserves changed over to the Interior Department
Sells the reserves to oil companies
Fall gets paid $400,000
Becomes 1st cabinet member to be convicted of a felony

6. Calvin Coolidge (R 1923-1929) Massachusetts Governor (1919-1921)
Vice President ( )
Sworn in as POTUS by his father
Small Government Conservative
Major influence on Ronald Reagan
“Silent Cal”
Revenue Act of 1924
Lowered top bracket of income tax from 58% - 46%
Granted citizenship to all Native-Americans

7. Prosperity The Roaring 20s Pro Business/Anti government regulation
Regulation from FTC and ICC were greatly limited
High Tariffs
Lower Income Tax
Rising Wages

8. Standard of Living Automobile Electricity Advertising increased
Henry Ford
Led to the growth of ‘suburbs’
Vacations and visits to the city became more popular
1 automobile for every 5 people
Electricity
Run machines in factories
Refrigerators
Washing machine
Vacuum cleaner
Advertising increased

9. False Sense of Comfort Andrew Mellon
Sec. of the Treasury
Policies could have contributed to the Great Depression
Avg. wages increased 50% during the 1920s
Overproduction
Large companies combining
Increased the wage gap between workers and managers
Farmers struggled
New machines drove down prices
Buying on credit
Low money down, long term payment plans