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The 20s: A Conservative Era. A Conservative and Republican Era. Warren G. Harding (1921-1923) Calvin Coolidge (1923-1929) Herbert Hoover (1929-1933) All three: pro-business and isolationist in foreign affairs. Warren G. Harding. Relaxed and genial Leadership style:
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A Conservative and Republican Era • Warren G. Harding (1921-1923) • Calvin Coolidge (1923-1929) • Herbert Hoover (1929-1933) • All three: pro-business and isolationist in foreign affairs
Warren G. Harding • Relaxed and genial • Leadership style: • Well-qualified Cabinet members:
Conservative policies • Andrew Mellon, Secretary of Treasury
Harding’s bad choices • “This is a hell of a job! I have no trouble with my enemies… But my damned friends, they’re 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
“The Ohio Gang” • 1924 Senate investigation reveals: • Daugherty • Forbes
Teapot Dome • Secretary of the Interior Albert Fall secretly leased government oil reserves to two friends
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Calvin Coolidge • “Silent Cal” takes over after Harding’s death • “The chief business of America is business.”
Coolidge’s Policies • Fordney-McCumber and Smoot-Hawley Tariffs:
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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.” • “
Hoover’s Social Thought • The Associative State:”
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