Normalcy And Good Times.1921-1929. Chapter Eight.

Presidential Politics:

The Harding Administration.

He was a “Self-Doubter.”

His Administration became know as

“The Ohio Gang.”

This was NOT a good term!

Teapot Dome Scandal.

• Albert B. Hall, Sec. of the Interior, took bribes to sell land leases for oil drilling.

• First cabinet member to go to prison!

• Attorney General Harry Daugherty also took bribes from a Germen agent.

• Lots of scandals during the Harding Adm.

Harding Dies-1923.Silent Cal New President.

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Coolidge Administration.

• Coolidge went to work kicking out the bad apples from Harding’s Administration.

• Tried to restore INTEGRITY to the office!

• “Silent Cal” elected in 1924.

• “Keep Cool With Coolidge.”

Rise Of New Industries.

• Mass production and the assembly line.

• Who perfected the assembly line?

• Henry Ford and the model T.

• Ford DOUBLED his workers wages and went to an eight hour work day. GOOD.

• Created the Sociological Dept. BAD.

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Social Impact Of Cars.

• Created new businesses that never existed before.

• Eased isolation.• Workers could live further from their jobs.

Suburbs!• Helped bank robbers. “Motorized Bandits.” • Dating?

Airline Industry.

• Wright Brothers first flew at Kitty Hawk-1903.

• Planes used in W.W.I. (Fly Boys.)

• Charles Lindbergh-1927.

• Airlines started in 1920’s and were subsidized by the government.

Radio Industry.

• Radio’s were the P.C’s of their day.

• Telephones=Cell phones.

• It was all about INSTANT communication.

• Is today any different?

Consumer Society.

• Easy credit.

• Mass advertising.

Consumer Goods Boom.New Use Of Credit.

• New innovations:• Electric razors, Kleenex tissue, Frozen foods

and cleaning products.• Electric Irons, vacuums, washing machines,

and gas stoves.• Personal hygiene products such as mouth

wash, tooth paste, and deodorants.• Lots of advertisement to create demand!

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Managerial Revolution.

• Corporations were organized into divisions to run different parts of the company.

• This created many jobs for the middle class.

• Colleges began training business managers.

Farm Crisis.

• Farmers encouraged to grow more food during W.W.I.

• After W.W.I, DEMAND for their crops Fell.

• Prices went to rock bottom because of OVERPRODUCTION.

Policies Of Prosperity.• Andrew Mellon-Sec. of Treasury. • Creator of “Trickle Down Economics.”• Cut taxes for the rich.• The rich will invest that tax savings and this

will create jobs.• He also did this: Cut government spending,

reduced taxes, and paid down national debt.• Today this is called supply-side economics.• This is the Republican economic policy.

Isolationism.

• Most Americans were tired of European problems.

• Most felt burned by the aftermath of W.W.I.

• Allies not repaying loans we made to them. Except Finland.

• Dawes Plan=Failure!

Washington Conference-1921.

• This was an attempt to limit the number of battleships countries were building.

• This arms race was costing lots of money.

• Japan wasn’t happy with the treaty.• Many battleships under construction

were scrapped OR turned into aircraft carriers.

Last Battleship-1992.

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Abolishing War?• Kellogg-Briand Pact-1928.

• Signed by 62 nations.

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