The 20’s: A Conservative Era The 20’s marked the "high tide of American conservatism," as major...
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Transcript of The 20’s: A Conservative Era The 20’s marked the "high tide of American conservatism," as major...
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The 20’s: A Conservative Era
The 20’s marked the "high tide of American
conservatism," as major republican candidates campaigned for limited
government, reduced taxes, and less regulation.
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A Conservative and Republican Era
Warren G. Harding (1921-1923)Calvin Coolidge (1923-1929)Herbert Hoover (1929-1933)All three:
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Warren G. Harding
Relaxed and genial
Leadership style:
Well-qualified Cabinet members: Henry C. Wallace Charles Evans Hughes Andrew Mellon Herbert Hoover
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Conservative policies
Andrew Mellon, Secretary of TreasuryOne of the countries
wealthiest men
Does he really understand the average person?
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Harding’s bad choices
“This is a hell of a job! I have no trouble with my enemies… But my damned friends, they’re the ones that keep me walking the floor nights.”
“The Ohio Gang:” Attorney General Henry Daugherty, Albert Fall, Secretary of the Interior, Charles Forbes, Veterans Bureau
Harding suffers a heart attack in July, 1923 and dies on August 2
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“The Ohio Gang”1924 Senate investigation reveals:DaughertyForbes
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Teapot Dome
Secretary of the Interior Albert Fall secretly leased government oil reserves to two friends
Accepted “loans” from these men for an upwards of $400,000
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Calvin Coolidge
“Silent Cal” takes over after Harding’s death
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Coolidge’s Policies
Fordney-McCumber and Smoot-Hawley Tariffs:
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1924 Election
Calvin Coolidge (Republican)
John W. Davis (Democratic)
Robert La Follette (Progressive)
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Herbert Hoover Elected President in 1928
over Democrat Al Smith Engineer, head of Food
Administration, Secretary of Commerce; “The Great Engineer”
“We in America today are nearer to the final triumph over poverty than ever before in the history of any land.” Ironic?
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Hoover’s Social Thought
The economy should operate like a well oiled machine
Did not believe in cutthroat capitalist competition
Voluntarism:
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