1. REPUBLICAN LEADERSHIP OF THE 1920’S How did the relationship between big business & the government aid economic growth?  
TENSION BETWEEN CITY & COUNTRY SHAPED COURSE OF POLITICS IN THE 1920’S
WARREN G. HARDING
RETURN TO STABILITY & NORMALCY
POWERFUL CABINET BECAUSE HE WASN’T – DELEGATED ALL RESPONSIBILITY & ENDED UP HURTING HIS REPUTATION
STATE – CHARLES EVANS HUGHES
TREASURY – ANDREW MELLON
COMMERCE – HERBERT HOOVER

2. THE OHIO GANG ATTORNEY GENERAL: H. DAUGHERTY
INTERIOR: ALBERT FALL
VETERANS BUREAU: CHARLES FORBES (WWI DRAFT DODGER)

3. DOMESTIC AFFAIRS – MELLON AT THE HELM ECONOMIC NATIONALISM
FORDNEY-McCUMBER TARIFF ’22; protectionist established the highest tariffs in history, with some duties up to 400% and an average of 40%.
DEBT REDUCTION; tax cuts, decrease gov’t spending but rich benefit not those struggling
19TH AMENDMENT
SHEPPARD TOWNER ACT ’21: RURAL PRENATAL CARE (EXP. ’29)
4 WAYS GOVERNMENT SUPPORTED BIG BUSINESS:
1) TARIFF
2) A. MELLON POLICIES
3) CUTBACKS AT FTC & PRO-BUSINESS APPOINTMENTS
4) HERBERT HOOVER

4. EFFECTS OF TARIFF RETURN TO PROTECTIONISM
FARMER’S HURT: SHARE OF NATIONAL INCOME DROPS BY 50%
DOESN’T ADDRESS PROBLEM OF OVER-PRODUCTION & DECLINING PRICES – NEED A NEW SOLUTION
PREVENTS EURO. FROM PAYING OFF DEBT

5. FOREIGN AFFAIRS – INDEPENDENT INTERNATIONALISM involved in foreign affairs when it served our interest
WASHINGTON NAVAL CONFERENCE 1921
a. US, GB, FR, ITALY & JAPAN
b. 5 POWER TREATY – SPECIFIC RATIO OF BATTLESHIPS – 1ST ATTEMPT AT NAVAL REDUCTION
c. 4 POWER TREATY–US & JAPAN respect each others interests in islands in the Pacific
d. 9 POWER TREATY– China’s independence & Open Door

6. DEATH & SCANDALS “I HAVE NO TROUBLE WITH MY ENEMIES, IT’S MY DAMN FRIENDS THAT KEEP ME UP AT NIGHT”
*JULY 1923 VACATION OUT WEST & DIES OF HEART ATTACK.
*1924 INVESTIGATIONS INTO RUMORS IN FULL SWING
*TEAPOT DOME – LEASING OIL RESERVES FOR BRIBE: A. FALL JAILED
* FORBES CONVICTED OF STEALING FUNDS & FLED TO EUROPE
*DAUGHERTY ESCAPED CONVICTION IN 2 CRIMINAL TRIALS

7. COOLIDGE TAKES OFFICE AT HOME IN VERMONT BY HIS FATHER’S SIDE
PHILOSOHY WAS TO PRESIDE BENIGNLY NOT GOVERN THE NATION
RAISED ETHICAL TONE IN D.C.
EPITOMIZED MYTH OF AMERICAN SELF MADE MAN
“THE BUSINESS OF AMERICA IS BUSINESS” – 1 OF MANY EPIGRAMS HE LIVED BY
MORE CONSERVATIVE: SC UNDER TAFT OVERTURNS FED CHILD LABOR LAW, HIGHER TARIFFS, PROMOTED BUSINESS INTERESTS BUT NOT OTHER GROUPS

8. DOMESTIC AFFAIRS
MELLON STAYS ON AS TREASURY SECRETARY, LOWERS TAX RATES FOR RICH, TRICKLE DOWN CONTINUES
BIG BUSINESS & GOVERNMENT AS PARTNERS & LESS ADVERSARIAL
REGULATORY BODIES, ICC & FTC, TURN INTO PRO-BUSINESS AGENCIES
ECONOMY CONTINUED TO RISE SO COOLIDGE DIDN’T HAVE TO DO MUCH

9. MISSISSIPPI FLOOD 1927 “NO DUTY TO PROTECT AGAINST THE HAZARDS OF NATURE” C. COOLIDGE
FLOOD CONTROL ACT PASSED 1928: 10 YEAR LEVEE CONSTRUCTION PROJECT

10. NO FARMER RELIEF MCNARY HAUGEN ACT 1924: 2X VETOED ’27 & 28
Purchase surplus at avg. price & resell abroad at market price (prices highest during 09-14)
Make up difference w/ tax on domestic sales of same commodities
Beware “tyranny of bureaucratic regulation & control”
Veto in 1928 leads many to vote Democratic next election

11. FOREIGN AFFAIRS: WAR DEBT & REPARATIONS
LACK OF AWARENESS OF CONNECTION BETWEEN TARIFF & REPARATIONS
DAWES PLAN 1924: $200M LOAN TO GER.
YOUNG PLAN 1929: FURTHER REDUCTIONS BUT TOO LATE
LOANS FROM U.S. TO GERMANY CEASE, ALLIED PAYMENTS STOP, GERMANY DEFAULTS DUE TO ECONOMIC CRISIS

12. KELLOGG-BRIAND PACT 1928: 62 NATIONS OUTLAW WAR
FRENCH WANT US PROTECTION & COMMITTMENT
62 NATIONS SIGN PACT
INEFFECTIVE DUE TO LACK OF ENFORCEMENT
RENOUNCE WAR AS A SOLUTION TO INTERNATIONAL DISPUTES WAS NICE BUT….
U.S. PEACE MOVEMENT GROWING. PEOPLE WANTED PEACE BUT, “NEITHER SURRENDER THEIR PREJUDICES & DISLIKES NOR BUILD THE DEFENSES NECESSARY TO MAKE IT SAFE TO INDULGE THESE PASSIONS”

13. ELECTION OF 1928 HOOVER – DRY, PROTESTANT & NATIVE
SMITH – WET, CATHOLIC & IMMIGRANT
PERSONIFICATION OF DIVISIONS WITHIN AMERICA
HOOVER 58% OF POPULAR VOTE
DEMOCRATIC GAINS IN CITIES SHOWS SHIFT IN ELECTORATE