Chapter 8 Flashcards
What was Harding’s goal for America?
- to return to normalcy
Ohio Gang
Harding’s friends who had high positions
Teapot Dome -
Private companies were leasing land from the govt illegally
Supply side Economics-
lower taxes = more money for people to spend
Cooperative Individualism-
businesses share ideas to be more efficient
Coolidge
- Nickname
Silent Cal
How did Harding and Coolidge plan to return to normalcy? -
Lower taxes, reduce debt
Dawes Plan -
Loan germany $ to help pay reparations
Washington Conference -
tried to limit the arms race of building navy’s
Kellogg-Briand Pact
outlaw war
What was the importance of mass production and the assembly line?
- to make cars affordable
Who made cars affordable? -
Henry Ford (he did not invent the car)
Airline -
Transportation
Radio -
Communication and entertainment
Consumer Credit -
allowed people to buy things with money they didn’t have