WARM UP 1 Create an Red Scare (An3-Communist) poster using the informa3on gathered in class and online. 2 Try to persuade the American people into being afraid of Communism similar to the events that followed World War I 3 I have include some examples on the remaining slides to get your brain working. 4 On the back of your poster write four sentences explaining the RED SCARE in the U.S.A. and how na3vism and isola3onism were used to keep out communism
Republican Presidents & Post War America
The Republicans Take Control I. Following WWI the United States had three Republican presidents A. Harding, Coolidge, Hoover II. All three decreased government regulations in business which allow economic growth in the U.S. A. Republicans adopted a laissez-faire attitude toward business in the 1920 s B. Laissez-faire economics allowed business to grow without riles III. The Republicans laissez-faire attitude during the 1920 s allowed the USA to reach new economic heights A. WE MADE A LOT OF MONEY!
Election of 1920
The Harding Presidency I. Warren G. Harding was elected President in 1920 II. He campaigned on the slogan a return to normalcy following WWI III. Harding s presidency was full of corruption, scandal, nativism, prosperity & isolationism Harding 1920-1924
Harding & The American Economy I. Harding administration wanted less government in business II. Harding believed the U.S. government should not interfere with the economy III. The major economic problem faced by the Harding administration was the repayment of European war debts IV. To manage European debt the Dawes Plan was created A. Germany could not pay its debt to France and G.B. so the U.S.A. lent Germany money B. That money was eventually paid back to the USA which was lent to the Allies during the war
Dawes Plan
Scandal Hits Harding I. During Harding s presidency most Americans were happy and prosperous II. Many of Harding s friends were involved in political scandals while he s POTUS III. The most serious of these scandals was known as The Teapot Dome Scandal
Teapot Dome Scandal I. The government set aside oil-rich land in Teapot, Wyoming II. III. IV. Secretary of Interior Albert Fall secretly leased the land to two oil companies. A. Accepted a $400,000 bribe from Oil Companies Convicted of accepting bribes/ government corruption and sent to jail The American people grew unhappy with Harding due to govt. corruption
Cool Calvin Coolidge I. President Harding died in 1923 (3 years into his presidency) II. VP Calvin Coolidge assumes office of the Presidency A. Coolidge is serious & unemotional B. Nickname: Silent Cal III. Coolidge is extremely pro-business A. The business of America is business B. Assisted in the passing of many laws aiding business IV. Coolidge hated government spending & vetoed nearly every bill that spent money V. Coolidge was reelected in 1924 but announced he would not run again in 1928
American Industry Flourishes I. American industrial manufacturing expanded greatly under Calvin Coolidge A. High tariffs led to a rise in American manufacturing B. Coolidge s laissez-faire economics allowed businesses to grow throughout the 1920 s and the USA became incredibly wealthy II. America s Industrial Expansion: A. Throughout the 1920 s the American automobile industry exploded B. Roads were built throughout the nation C. Cars sales skyrocketed so did hotels, restaurants, gas stations & shopping centers
The American Standard of Living I. As American industry increased so did the amount of consumer goods available to the American people A. Washing machines, vacuums, refrigerators, sewing machines II. American consumers soon began buying goods never before available to them III. Americans craved these new industrial products and were willing to purchase them without the money to pay for them A. Americans began purchasing these goods on INSTALLMENT PLANS B. Buying goods on credit à paying small amounts over time C. Take out a loan to purchase products that they want
The Election of 1828 I. Coolidge did not run for reelection in 1928 II. Republicans nominated and elected Herbert Hoover III. The United States has become incredibly prosperous & wealthy during the rule of the previous two republican presidents IV. Hoover easily won the election of 1828 thanks to America s success under the Republican presidents before him
The Effects of Republican Presidents I. During the 1920 s Republican policies promoted economic growth in the U.S.A. II. Businesses grew and so did profits for corporations III. The 1920 s will be forever known for prosperity, wealth & excess thanks to these Republican presidents IV. Little attention was paid to the future as Americans focused on living in the NOW while serious economic problems were lurking just ahead
ARE YOU WITH ME?? 1 Who were the three Republican presidents of the 1920 s? 2 How did laissez-faire economics lead to prosperity for American businesses during the 1920 s? 3 What scandal ruined Warren G. Harding s presidency? 4 Explain the Tea Pot Dome Scandal: 5 How did American consumers begin purchasing items when they did not have the money for them?