Unit 8 (Ch. 23, 24, 25) Flashcards
Warren Harding in office
“Return to Normalcy”
Veteran’s Issues
Washington Naval Conference
Scandals
“Return to Normalcy”
Warren Harding’s motto in 1920 election; Runs as Laissez Faire Conservative (End to Progressivism)
- Means they wont enforce anti-trust laws!
Veteran’s Issues
Adjusted Compensation Act - promises bonuses to Vets in 20 years
Creates Veterans Bureau
Washington Naval Conference
Known as being an isolationist….
Demilitarization Conference - decreased all military sizes across world
- 3:3:1 ratio of Britain:US:Japan in tons of navy metal
Charles Forbes
Harding put him in charge of Veteran’s Bureau - Forbes stole $200 million
Teapot Dome
Oil reserve that was kept from private development - Albert Fall (Harding’s Cabinet Member) was secretly selling this oil
Attorney General (Daugherty)
Gets paid for not prosecuting violators of prohibition
Affairs
Harding had many affairs - one with an actress and had a kid; another with the wife on an Ohio politician
Welfare Capitalism
Calvin Coolidge’s policy where businesses gave benefits to their workers
- good for business; no government help
Economic Nationalism
Raised tariffs on imports 32 times!
Kellog Brian Pact
Condemn militarism - agreed not to fight with other countries
- Known as the “International Kiss”
McNary - Haugen Bill
Provides economic help for farmers –> VETOED BY COOLIDGE
New Deal
Put in place by Roosevelt - Shot for relief (quick), recovery (economy) and reform (prevention)
First One Hundred Days
Passes more than 15 major pieces of legislation in his first 100 days in office
Emergency Banking Act
Closes all banks for one bank for one week to inspect all of them