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Chapter 33 outline
Terms in this set (17)
Warren G. Harding
president who called for a return to normalcy following WWI
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.
Republican candidate who assumed the presidency in March 1929 promising the American people prosperity and attempted to first deal with the Depression by trying to restore public faith in the community.
Albert B. Fall
The Harding Cabinet member who profited from and was convicted for the Teapot Dome Scandal
1921 - president harding invited delegates from Europe and Japan, and they agreed to limit production of war ships, to not attack each other's possessions, and to respect China's independence
This tariff rose the rates on imported goods in the hopes that domestic manufacturing would prosper. This prevented foreign trade, which hampered the economy since Europe could not pay its debts if it could not trade.
Teapot Dome Scandal
A government scandal involving a former United States Navy oil reserve in Wyoming that was secretly leased to a private oil company in 1921
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.
Robert La Follette
The most influential of the state-level progressive governors and a presidential aspirant in 1912
Alfred E. Smith
Democratic presidential candidate in 1928; he lost partly because he was Catholic (anti-Cath. sentiment was still common) and partly because Americans were happy with Republicans and then-prospering economy
charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation
October 29, 1929; date of the worst stock-market crash in American history and beginning of the Great Depression.
Muscle Shoals Bill
Was a proposal to dam up the Tennessee River in order to make a lake to create hydro-electric electricity as well as a recration area. Was opposed by Hoover because hw didnt like that the govt. would be selling electricity and competing against its citizens. Was a classic example ov Hoover's fear of a socialist govt. (page 766)
Reconstruction Finance Corporation
Agency established in 1932 to provide emergency relief to large businesses, insurance companies, and banks.
WWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date.
What was similar about the republican presidents of the 1920s?
What were the causes of the Great Depression?
Tariffs on foreign goods, the availability of easy credit, a crisis in the farm sector
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