1. WARREN G. HARDING 1921-1923 RETURN TO STABILITY & NORMALCY
POWERFUL CABINET
STATE – CHARLES EVANS HUGHES
TREASRUY – ANDREW MELLON
COMMERCE – HERBERT HOOVER
REPUBLICAN LEADERSHIP OF THE 1920’S How did the relationship between big business & the government aid economic growth?  

2. THE OHIO GANG ATTORNEY GENERAL: H.DAUGHERTY INTERIOR: ALBERT FALL
VETERANS BUREAU: CHARLES FORBES

3. DOMESTIC AFFAIRS – MELLON AT THE HELM ECONOMIC NATIONALISM
FORDNEY-MCCUMBER TARIFF ’22 The Fordney-McCumber Act established the highest tariffs in history, with some duties up to 400% and an average of 40%.
DEBT REDUCTION
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
DOESN’T ADDRESS PROBLEM OF OVER-PRODUCTION & DECLINING PRICES
PREVENTS EURO. FROM PAYING OFF DEBT

5. WASHINGTON NAVAL CONFERENCE 1921 a. US, GB, FR, ITALY & JAPAN
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
c. 4 Power Treaty – respect interests in islands off 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”
TEAPOT DOME – LEASING OIL RESERVES FOR BRIBE: A. FALL JAILED
FORBES CONVICTED OF STEALING FUNDS & FLED
DAUGHERTY ESCAPED CONVICTION 2 CRIMIINAL 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 ‘LIVES’ BY

8. DOMESTIC AFFAIRS ANDREW MELLON CONTINUES AS SECRETARY OF THE TREASURY
LOWER INCOME TAX RATES FOR WEALTHY
TRICKLE DOWN THEORY IS BORN

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
Make up difference w/ tax on domestic sales of same commodities
Beware “tyranny of bureaucratic regulation & control”

11. FOREIGN AFFAIRS: WAR DEBT & REPARATIONS
DAWES PLAN 1924: $200M LOAN TO GER.
a. Germany agrees to pay $250m/yr to allies
to stabilize German currency through investment & rebuilding economy

12. KELLOGG-BRIAND PACT 1928: 62 NATIONS OUTLAW WAR
French want US protection and commitment
62 nations in all sign pact
ineffective due to no enforcement.

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