The 20

1
The 20s A Conservative Era

• The 20s marked the "high tide of American
  conservatism," as major republican candidates
  campaigned for limited government, reduced taxes,
  and less regulation.

2
A Conservative and Republican Era

• Warren G. Harding (1921-1923)
• Calvin Coolidge (1923-1929)
• Herbert Hoover (1929-1933)
• All three

3
Warren G. Harding

• Relaxed and genial
• Leadership style
• Well-qualified Cabinet members
• Henry C. Wallace
• Charles Evans Hughes
• Andrew Mellon
• Herbert Hoover

4
Conservative policies

• Andrew Mellon, Secretary of Treasury
• One of the countries wealthiest men
• Does he really understand the average person?

5
Hardings bad choices

• This is a hell of a job! I have no trouble with
  my enemies But my damned friends, theyre 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

6
The Ohio Gang

• 1924 Senate investigation reveals
• Daugherty
• Forbes

7
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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9
Calvin Coolidge

• Silent Cal takes over after Hardings death

10
Coolidges Policies

• Fordney-McCumber and Smoot-Hawley Tariffs

11
1924 Election

• Calvin Coolidge (Republican)
• John W. Davis (Democratic)
• Robert La Follette (Progressive)

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13
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?

14
Hoovers Social Thought

• The economy should operate like a well oiled
  machine
• Did not believe in cutthroat capitalist
  competition
• Voluntarism

15
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