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Warren G. Harding’s Presidency:
How is the Harding Administration rocked by scandal?
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Harding Deals with Post War Issues
1920: Republican Gov Warren G. Harding easily wins election “return to normalcy” 1) Washington Naval Conference, 1921 Sec of State Charles Hughes wants to cut back warship building US saves big money, first time countries agree to cut military 2) Domestic Tax Cuts Secy of Treasury Andrew Mellon favors tax cuts (rich get biggest) 3) Fordney-McCumber Tariff, 1922 US raises tariffs on foreign goods Britain & France already owe US $ and can’t afford tariff
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4) Dawes Plan, 1924 France wants immediate payment of German reparations US will loan Germany money , Germany will pay reparations to France & Britain - France & Britain will pay back US
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Scandal During Harding’s Presidency
Harding appoints his friends to cabinet (“Ohio Gang”), many are known for taking bribes or graft Charles Forbes Sec’y of Veteran’s affairs caught illegally selling Veteran hospital’s supplies to private hospitals 2. Thomas Miller, head of Alien Property bureau caught taking a bribe
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Teapot Dome Scandal Oil-rich Teapot Dome land in Wyoming is reserved for US Navy Sec. of the Interior, Albert B. Fall, secretly “loaned” Tea Pot Dome land to oil companies (gets $400,000 bribe) Fall is found guilty of bribery & becomes first Harding cabinet member to go to prison
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Administration in Turmoil
Other scandals becoming public – what does Harding know? Harding acknowledges his “friends” are causing problems A few days later Harding dies of a heart attack Calvin Coolidge, Harding’s VP becomes President
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