unit 4 test Flashcards
name the three presidents in the 1920s?
- harding
- coolidge
- hoover
what business views did Harding, Coolidge, and Hoover have?
- policies favored businesses
- lowered taxes for rich corporations
- had high tariffs for imported goods
- lax enforcement of anti-trust laws
What happened during President Harding’s presidency ?
- was president 1921-1923
-sought a return to normalcy - had major scandals (teapot dome scandal)
- as a result from scandal he goes on vacation and gets sick and dies
teapot dome scandal
One of Harding’s cabinet members leased government land rich in oil to business friends for a bribe
What happened during Coolidge’s presidency?
- was president from 1923-1928
- no right to strike public safety ( happened after boston police strike of 1919)
- allowed large business expansion
what happened in Hoover’s presidency?
-( before he became president he was an engineer who organized food production during world war 1 and was secretary of commerce)
- he promised to end poverty which got him elected
- believed in rugged individualism and established free education
- believed in minimal interference with businesses
which president wanted a return to normalcy?
Harding
which president became president because he was vice president to former president?
Coolidge became president because he was vice president to harding
which president term had scandals?
Harding
what is the name of the group that hated foriegners and jews ?
the KKK
what is a creditor nation?
nation that is receiving money because other countries are in debt to them
who was biggest creditor nation in the 1920s?
the u.s.
during the 1920s, the economy experienced a bull market. What is a bull market?
a period of rising stock prices
what were some financial risk people took in the 1920s?
- ## people bought stocks and bought stocks on margin (means buys stocks on credit)
how was the American wealth uneven?
-industrial wages rose slower than corporate salaries
-farmer incomes declined and became in debt
- many people in the country did not experience in consumer benefits in the 1920s