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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 - PowerPoint PPT Presentation
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20.2 The Republicans in 20.2 The Republicans in PowerPower
Explain the impact of the Explain the impact of the Republican presidents Harding, Republican presidents Harding,
Coolidge and Hoover…Coolidge and Hoover…
BellringerBellringer
What is the Republican stance on What is the Republican stance on government involvement in the economy?government involvement in the economy?
Copy HWCopy HW
Read and outline p.634-639Read and outline p.634-639
QuestionsQuestions– What were the effects of the Republican What were the effects of the Republican
presidents of the 1920s?presidents of the 1920s?– How did labor movements fair in the 1920s?How did labor movements fair in the 1920s?– What role did the government play in the What role did the government play in the
economy during WWI?economy during WWI?– Give an example of an annexation of a Give an example of an annexation of a
territory by the US.territory by the US.
Compare and Share HWCompare and Share HW
Read and outline p. 628-633Read and outline p. 628-633
Intro Intro
Review - Why had Wilson been elected to Review - Why had Wilson been elected to the Presidency?the Presidency?
What happened in the election of 1919?What happened in the election of 1919?
Watch MovieWatch Movie
QuestionsQuestions– What were the Republican Presidents of the What were the Republican Presidents of the
1920s stance on the gov. involvement in the 1920s stance on the gov. involvement in the economy?economy?
– What were the scandals of Harding’s What were the scandals of Harding’s administration?administration?
– What were the impacts of the policy’s of these What were the impacts of the policy’s of these Presidents on history?Presidents on history?
21.221.2
Economic Policy- HardingEconomic Policy- Harding– Probusiness, anti-labor, tax Probusiness, anti-labor, tax
revision, higher tariffsrevision, higher tariffs– ““Less Government in Less Government in
business and more business business and more business in government.”in government.”
– Trickle down theory – tax Trickle down theory – tax cuts for wealthycuts for wealthy
Eco. Policy -CoolidgeEco. Policy -Coolidge
Took over after Harding’s death and won Took over after Harding’s death and won re-election in 1924re-election in 1924
More Pro-business than HardingMore Pro-business than Harding
Favored aid to business but opposed it to Favored aid to business but opposed it to farmers and workersfarmers and workers
Trickle Down TheoryTrickle Down Theory
Vetoed Veterans Bonus Bill and surplus Vetoed Veterans Bonus Bill and surplus purchase of farm goodspurchase of farm goods
Herbert HooverHerbert Hoover
Won 1928 election Won 1928 election against Al Smith against Al Smith (governor of NY) (governor of NY) who was Catholic, who was Catholic, opposed opposed Prohibition, ties to Prohibition, ties to Tamanny HallTamanny Hall
Pro-businessPro-business
Trickle Down Trickle Down TheoryTheory
Harding ScandalsHarding Scandals
Ohio Gang –Ohio Gang –Harding’s friendsHarding’s friendsForbes’ Scandal – Forbes’ Scandal – Veterans’ BureauVeterans’ BureauTeapot Dome Teapot Dome Scandal – Sec. of Scandal – Sec. of Interior Albert Fall Interior Albert Fall took bribes for the took bribes for the federal oil reserve federal oil reserve from private from private companiescompanies
““I have no trouble with my enemies. I can I have no trouble with my enemies. I can take care of my enemies all right. [It’s my] take care of my enemies all right. [It’s my] friends that keep me …walking the floor at friends that keep me …walking the floor at
night.”night.”
Republican Impact on the EconomyRepublican Impact on the Economy
Tax cuts for wealthy spawned industrial Tax cuts for wealthy spawned industrial growthgrowthMergers encouraged and antitrust laws Mergers encouraged and antitrust laws ignored – efficient factoriesignored – efficient factoriesWorkers did not share the wealth- returned Workers did not share the wealth- returned to prewar conditionsto prewar conditionsOrganized labor suffered – less power – Organized labor suffered – less power – gov. sided with business- “yellow dog gov. sided with business- “yellow dog contracts” and open shopscontracts” and open shops
ClosureClosure
What were the negative impacts of the What were the negative impacts of the Republican presidents?Republican presidents?