1. 1920’s Politics

2. Treaties, Pacts and Tariffs
Nine-Power Treaty
Kellogg- Briand Pact- Pact of Paris
1922
Reaffirmed the Open Door Treaty in China
Allowing equal rights and access to China for European nations
Fordney-McCumber Tariff Law
Raised tariffs for U.S. in imports
U.S. secretary of state Frank B. Kellogg
French foreign minister Aristide Briand
Renounced war as a form of national policy
Defensive war was permitted
It only applied to France and U.S., many countries joined later

3. Teapot Dome Scandal
Secretary of the Interior convinced Secretary of the Navy to transfer the oil reserves in Teapot Dome (Wyoming) and Elk Hills (California) to Interior Department
Secretary of the Interior leased the lands to oilmen Harry F Sinclair and Edward L. Doheny
Secretary of the Interior took a “loan” of $100,000 from Doheny and $300,000 from Sinclair

4. McNary-Haugen Bill
Sought to keep agricultural prices high by authorizing the government to buy surpluses and sell them abroad
A special tax was to inflicted on farmers to make up government losses
Congress twice passed the bill, but Coolidge vetoed it

5. Dawes Plan

6. Herbert Hoover 1928 Agricultural Marketing Act Hawley-Smoot Tariff
Set up the Federal Farm Board
$500,000 to lend to farmers looking to buy, sell or store agricultural surpluses
Tariff raised the import percent for goods coming into the U.S. from foreign countries

7. Black Tuesday
Wall Street saw a record period of selling off stocks fearing price falls
16,000,000 shares were sold in Black Tuesday, October 29, 1929