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The Republicans in Power. Getting started. On a new piece of paper, please answer the question: What are the core beliefs of the Republican party and the Democratic party. . Election of 1920. Presidential election between Republican Warren G. Harding and James M. Cox.
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Getting started On a new piece of paper, please answer the question: What are the core beliefs of the Republican party and the Democratic party.
Election of 1920 • Presidential election between Republican Warren G. Harding and James M. Cox. • Harding ran pro-business and normalcy platform. • Cox focused on League of Nations. • Harding won by a greater majority of the popular vote than any previous candidate.
Andrew Mellon • Secretary of the Treasury in Harding’s cabinet. Believed government should not interfere with the economy except to aid business.
Charles Dawes • Head of the Bureau of the Budget. Turned govt. annual budget deficit into surplus.
Economic policies • Fordney-McCumber Tariff Act (1922)- pushed tariff rates to an all-time high. • Decreased taxes on the rich.
Activity Positive effects: To Reduce Debt: To promote economic growth: Negative effects:
Harding Scandals • Series of scandals revealed before and after Harding’s death revealing corruption within the government. • Teapot Dome Scandal- Secretary of the Interior, Albert Fall, received bribes in exchange for private leases to oil reserves.
Calvin Coolidge • Sworn in as president after Harding’s death. • Fired many people involved in the Harding scandals.. • Known as Silent Cal because he was stern and reserved. • Very pro-business • “The business of America is business” • Elected in 1924 election • Very popular but did not run for re-election.
The election of 1928 • Republican candidate Herbert Hoover ran on nations prosperity. • Democratic candidate Alfred E. Smith ran and the Democrats hoped to appear to be “the party of progress and liberal thought”. • Smith lost in part because he was Catholic.