The Harding Administration 1920 Election - Warren G. Harding
runs as the Republican nominee. He promises A RETURN TO NORMALCY.
Returning America to what is was like prior to World War I. - James
M. Cox runs as the Democratic nominee. His running mate was
FRANKLIN ROOSEVELT. www.270towin.com
Slide 3
Scandals in the Harding Administration Scandals 1) THE OHIO
GANG - Harding appoints political allies and old poker playing
friends to posts in his cabinet and other positions. The air (would
be) heavy with tobacco smoke, trays with bottles containing every
imaginable brand of whiskeycards and poker chips at hand a general
atmosphere of waistcoat unbuttoned, feet on desk, and spittoons
alongside. 2) Veterans Bureau - Charles Forbes sold scarce medical
supplies from veterans hospitals and kept the money for himself,
costing the taxpayers $250 million.
Slide 4
Scandals in the Harding Administration 3) TEAPOT DOME SCANDAL -
Hardings secretary of the interior, Albert Fall leased oil-rich
public lands at Teapot dome, Wyoming and Elk Rapids, California to
two private oil companies. - Fall received bribes totaling more
than $300,000, several ranches and prize livestock. - Harding dies
August 2, 1923 and Calvin Coolidge takes over The Presidency.
Slide 5
Coolidge keeps things cool - Coolidge returns respect to the
Presidency after the Harding administration.
Slide 6
Causes of 1920s Prosperity A. Governments Role 1) Limit
interference of government in business 2) Taxes were cut for
Americans - Before Coolidge administration most taxpayers paid 4%,
while wealthy Americans paid 73%. - Coolidges administration cut
the rate most Americans paid to 0.5% and wealthy Americans to 25%.
- This allows average Americans to have more disposable income. 3)
Government imposes higher taxes on foreign companies to favor and
help out American industries.
Slide 7
Causes of 1920s Prosperity B. Business Innovation and
Technology 1) Mass production creates a wide range of goods sold at
low prices. EX) The assembly line and the automobile. Before the
A.L. it took 12 hours to make a single car. In 1913 it took 93
minutes and by 1925 a car was rolling off the assembly line every
10 minutes. This dropped the price of cars from $850 in 1908 to
$295 in 1924. 2) Workers earn higher wages - Employees at Ford
Motor Company earn $5/day and also see their workday reduced.
Slide 8
Causes of 1920s Prosperity 3) New technology leads to new
industries being born and stimulating economic growth - Airplane -
Automobile - Radio