Election of 1920
Warren G. Harding (Republican) vs. James Cox (Democrat). Their issues were WW I; the post-war economy and the League of Nations. Harding preached "Normalcy" which meant a return to normal life after the war.
A group of poker-playing, men that were friends of President Warren Harding. Harding appointed them to offices and they used their power to gain money for themselves. They were involved in scandals that ruined Harding's reputation even though he wasn't involved.
U.S. attorney general and a member of Harding's corrupt "Ohio Gang" who was forced to resign in administration scandals like selling illegal liquor licenses and pardons under
Teapot Dome Scandal
a tawdry affair involving the illegal lease of priceless naval oil reserves in Teapot Dome, Wyoming and Elk Hills, California. The scandal, which implicated President Harding's Secretary of the interior, Albert Fall, was one the several that gave his administration a reputation of corruption.
became president when Harding died of pneumonia. He was known for practicing a rigid economy in money and words, and acquired the name "Silent Cal" for being so soft-spoken. He was a true republican and industrialist. Believed in the government supporting big business.
secretary of treasure in Harding's government, He was a wealthy man and his tax policies were very conservative
Election of 1924
between Calvin Coolidge, John W. Davis, Robert M. La Follette. Calvin Coolidge won
Election of 1928
Al Smith (Democrat, very famous politic, irish catholic) vs. Herbert Hoover (Republican, Christian, takes his duties very responsible), Hoover wins and is the first president in install a telephone in the white house
Stock Market Crash
Oct 1929, the causes were: investment fever (particularly those buying "on margin trading", or paying a fraction of the total price or a transaction and the broker lending the trader the rest. the Stock Market crashed after those who bought on margin were forced to either put up more money or sell their stock, choosing to sell), government tax policies, and tax regulation of stock issues. Stocks at once and a financial panic ensued.
Deeper causes of depression
mal-distribution of income, concentration of wealth, and agriculture weak.
emphasized importance of private charities to help the depression
Reconstruction Finance Corporation
1932, A government agency established under the Hoover administration in order to assist insurance companies, banks, agricultural organizations, railroads, and local governments. It was precursor to later agencies that grew out of the New Deal and symbolized recognition by the Republicans that some federal action was required to address the Great Depression.
Unemployed World War I veterans who came to Washington in the spring of 1932 to demand the immediate payment of the bonus congress had voted them in 1922.