20.2 The Republicans in 20.2 The Republicans in PowerPower

Explain the impact of the Explain the impact of the Republican presidents Harding, Republican presidents Harding,

Coolidge and Hoover…Coolidge and Hoover…

BellringerBellringer

What is the Republican stance on What is the Republican stance on government involvement in the economy?government involvement in the economy?

Copy HWCopy HW

Read and outline p.634-639Read and outline p.634-639

QuestionsQuestions– What were the effects of the Republican What were the effects of the Republican

presidents of the 1920s?presidents of the 1920s?– How did labor movements fair in the 1920s?How did labor movements fair in the 1920s?– What role did the government play in the What role did the government play in the

economy during WWI?economy during WWI?– Give an example of an annexation of a Give an example of an annexation of a

territory by the US.territory by the US.

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Read and outline p. 628-633Read and outline p. 628-633

Intro Intro

Review - Why had Wilson been elected to Review - Why had Wilson been elected to the Presidency?the Presidency?

What happened in the election of 1919?What happened in the election of 1919?

Watch MovieWatch Movie

QuestionsQuestions– What were the Republican Presidents of the What were the Republican Presidents of the

1920s stance on the gov. involvement in the 1920s stance on the gov. involvement in the economy?economy?

– What were the scandals of Harding’s What were the scandals of Harding’s administration?administration?

– What were the impacts of the policy’s of these What were the impacts of the policy’s of these Presidents on history?Presidents on history?

21.221.2

Economic Policy- HardingEconomic Policy- Harding– Probusiness, anti-labor, tax Probusiness, anti-labor, tax

revision, higher tariffsrevision, higher tariffs– ““Less Government in Less Government in

business and more business business and more business in government.”in government.”

– Trickle down theory – tax Trickle down theory – tax cuts for wealthycuts for wealthy

Eco. Policy -CoolidgeEco. Policy -Coolidge

Took over after Harding’s death and won Took over after Harding’s death and won re-election in 1924re-election in 1924

More Pro-business than HardingMore Pro-business than Harding

Favored aid to business but opposed it to Favored aid to business but opposed it to farmers and workersfarmers and workers

Trickle Down TheoryTrickle Down Theory

Vetoed Veterans Bonus Bill and surplus Vetoed Veterans Bonus Bill and surplus purchase of farm goodspurchase of farm goods

Herbert HooverHerbert Hoover

Won 1928 election Won 1928 election against Al Smith against Al Smith (governor of NY) (governor of NY) who was Catholic, who was Catholic, opposed opposed Prohibition, ties to Prohibition, ties to Tamanny HallTamanny Hall

Pro-businessPro-business

Trickle Down Trickle Down TheoryTheory

Harding ScandalsHarding Scandals

Ohio Gang –Ohio Gang –Harding’s friendsHarding’s friendsForbes’ Scandal – Forbes’ Scandal – Veterans’ BureauVeterans’ BureauTeapot Dome Teapot Dome Scandal – Sec. of Scandal – Sec. of Interior Albert Fall Interior Albert Fall took bribes for the took bribes for the federal oil reserve federal oil reserve from private from private companiescompanies

““I have no trouble with my enemies. I can I have no trouble with my enemies. I can take care of my enemies all right. [It’s my] take care of my enemies all right. [It’s my] friends that keep me …walking the floor at friends that keep me …walking the floor at

night.”night.”

Republican Impact on the EconomyRepublican Impact on the Economy

Tax cuts for wealthy spawned industrial Tax cuts for wealthy spawned industrial growthgrowthMergers encouraged and antitrust laws Mergers encouraged and antitrust laws ignored – efficient factoriesignored – efficient factoriesWorkers did not share the wealth- returned Workers did not share the wealth- returned to prewar conditionsto prewar conditionsOrganized labor suffered – less power – Organized labor suffered – less power – gov. sided with business- “yellow dog gov. sided with business- “yellow dog contracts” and open shopscontracts” and open shops

ClosureClosure

What were the negative impacts of the What were the negative impacts of the Republican presidents?Republican presidents?