The Roaring 20s : Presidential Politics. Ch 8.1. Friday, March 23, 2012. Daily goal: Understand the significance of the Teapot Dome Scandal and the Ohio gang in the Harding Presidency and President Coolidge’s approach to business. Ch 7.3 Notes Analysis- - PowerPoint PPT Presentation
The Roaring 20s Presidential Politics
The Roaring 20s: Presidential PoliticsCh 8.1Friday, March 23, 2012Daily goal: Understand the significance of the Teapot Dome Scandal and the Ohio gang in the Harding Presidency and President Coolidges approach to business.Ch 7.3 Notes Analysis-Explain what significant gains and set backs African Americans encountered in the 1920s.Oscar Depriest, Harlem Renassaince, NAACP.
The Harding PresidencyHarding ran for President promising a return to normalcy or a return to normal life after the War.Pres. Harding marked an end to the Progressive Era.Normalcy=Laisseiz-Faire
Just making an honest living
Why do they have their hands out behind them?The Ohio GangPres. Harding picked his close friends (the Ohio Gang) for important govt jobs and they were very corrupt.Veterans Bureau was caught selling medical supplies from the Veterans bureau.
Teapot Dome ScandalPres Hardings Secretary of the Interior Alfred B. Fall took bribes from Oil Companies in exchange for Navy Oil reserves in Teapot Dome, Wy. and Elk Hills, Ca.
Discussion QuestionsDoes govt regulation hurt the economy or help the economy?Example regulation: The govt increases the minimum wage to $10/hourConsequences:Business owner costs go up, so they have to raise prices which could hurt sales.On the other hand workers now have more money to spend in the economy.
President CoolidgeWhen Pres. Harding died in 1923 Coolidge became Pres.Coolidge kept most of Hardings policies, but replaced most of the remaining Ohio Gang. Coolidge practiced laissez-faire economics, and believed the govt shouldnt regulate business.Coolidge in his own wordsThe chief business of the American people is business. The man who builds a factory builds a temple. The man who work there worships there.