Political Developments: President Harding's Economic and Social policies Flashcards
What did Harding make a speech about with race in 1921?
He called for greater economic equality between White and Black Americans
What form of laws in benefit for African Americans did Harding advocate for?
Anti-lynching laws
What did Harding create for Veterans?
The Veterans Bureau
What did Harding provide for single mothers?
Free housing
What was the impact of Harding providing free housing for single mothers?
Infant mortality dropped by 9%
When was the Fordney McCumber Act passed?
1922
What did the Fordney McCumber Act do?
It raised tariffs heavily
Why was the Fordney McCumber Act passed?
To protect American businesses
What was a potential limitation of the Fordney-McCumber Act?
Foreign nations imposed retaliation tariffs
Who did Harding appoint as Secretary of the Treasury?
Andrew Mellon
What year did Mellon create a plan to keep taxes low for the rich?
1923
How much was government spending in 1920?
$5 billion a year
What had government spending been reduced to by 1923?
$3.5 billion a year
What year was there a recession in the 1920s?
1921
