Scandal and Restoration:

The Harding and Coolidge Years

““I have no trouble with my I have no trouble with my enemies… but my… friends, enemies… but my… friends, they’re the ones that keep me they’re the ones that keep me walking the floor at nights!”walking the floor at nights!”

- Harding - Harding Prompts:

1.One time my friend caused great heartache in my life by….

2.My friends in my life are/ are not a direct reflection of who I am because…

3.If I were elected I would/ would not take some of my friends along with me to Washington D.C. because….

Charles Evans Hughes- Sec. of StateCharles Evans Hughes- Sec. of State Herbert Hoover- Sec. of CommerceHerbert Hoover- Sec. of Commerce Andrew Mellon- Sec. of Treasury Andrew Mellon- Sec. of Treasury Ohio Gang- a group of close friends Ohio Gang- a group of close friends

and political supporters whom Pres. and political supporters whom Pres. Harding appointed to the cabinetHarding appointed to the cabinet

Teapot Dome Scandal- Teapot Dome Scandal- secret secret leasing of oil-rich public land to leasing of oil-rich public land to private companies in return for private companies in return for money and land money and land (Albert B. Fall)(Albert B. Fall)

Director of the VA - Colonel Charles G. ForbesDirector of the VA - Colonel Charles G. Forbes

Medical supplies were soldMedical supplies were sold

to the civilian market and the to the civilian market and the

money was pocketed by Forbes!money was pocketed by Forbes!

OUCH!

Silent Cal…

Calvin CoolidgeWas known to have Been silent in 5 different Languages…

……….

Calvin Coolidge -Tariffs high -Private business profits high -Wages increased

Andrew Mellon -Secretary of Treasury -Harding selected/ Coolidge Approved -Supply-Side Economics

Basic Economic Chart

FEDERAL TAXES

Supply Side EconomicsWe are slashing taxes!

Extra $$$ = Expansion

Expansion =More Jobs for

Us!

More Wages = More Revenue

Question:Question: A time of isolationism- Can the A time of isolationism- Can the

federal government keep America federal government keep America out of World affairs?out of World affairs?

Answer:Answer: Washington Naval Conference- 5 Washington Naval Conference- 5

major naval forces agreed to major naval forces agreed to disarm… The U.S. must take a disarm… The U.S. must take a leadership role.leadership role.

Foreign Policy

• High tariffs and reparations created a stressful economy in Europe

• Britain and France: 2 ways to pay back U.S. $10 million

- Selling goods - Collect German war reparations• Germany’s Deutschemark was highly

inflated

US GERMANY

BRITAIN and FRANCE

?????????????????????????????????????????????? Is it possible to outlaw war?Is it possible to outlaw war?

The The Kellogg-BriandKellogg-Briand Pact was created to Pact was created to answer this question…answer this question…