20.2 The Republicans in
Power
Explain the impact of the
Republican presidents Harding,
Coolidge and Hoover…
Bellringer
What is the Republican stance on
government involvement in the economy?
Copy HW
Read and outline p.634-639
Questions
– What were the effects of the Republican
presidents of the 1920s?
– How did labor movements fair in the 1920s?
– What role did the government play in the
economy during WWI?
– Give an example of an annexation of a
territory by the US.
Compare and Share HW
Read and outline p. 628-633
Intro
Review - Why had Wilson been elected to
the Presidency?
What happened in the election of 1919?
Watch Movie
Questions
– What were the Republican Presidents of the
1920s stance on the gov. involvement in the
economy?
– What were the scandals of Harding’s
administration?
– What were the impacts of the policy’s of these
Presidents on history?
21.2
Economic Policy- Harding
– Probusiness, anti-labor, tax
revision, higher tariffs
– “Less Government in
business and more business
in government.”
– Trickle down theory – tax
cuts for wealthy
Eco. Policy -Coolidge
Took over after Harding’s death and won
re-election in 1924
More Pro-business than Harding
Favored aid to business but opposed it to
farmers and workers
Trickle Down Theory
Vetoed Veterans Bonus Bill and surplus
purchase of farm goods
Herbert Hoover
Won 1928 election
against Al Smith
(governor of NY)
who was Catholic,
opposed
Prohibition, ties to
Tamanny Hall
Pro-business
Trickle Down
Theory
Harding Scandals
Ohio Gang –
Harding’s friends
Forbes’ Scandal –
Veterans’ Bureau
Teapot Dome
Scandal – Sec. of
Interior Albert Fall
took bribes for the
federal oil reserve
from private
companies
“I have no trouble with my enemies. I can
take care of my enemies all right. [It’s my]
friends that keep me …walking the floor at
night.”
Republican Impact on the Economy
Tax cuts for wealthy spawned industrial
growth
Mergers encouraged and antitrust laws
ignored – efficient factories
Workers did not share the wealth- returned
to prewar conditions
Organized labor suffered – less power –
gov. sided with business- “yellow dog
contracts” and open shops
Closure
What were the negative impacts of the
Republican presidents?