1.) What is one thing for sale in the political cartoonon p.772?

2.) Did Warren Hardingn like laissez-faire philosophy?

3.) Identify one issue discussed at the Washington Conference of ’21-’22.

4.) Did Harding & The Republicans want to increase or decrease the tariffs?

5.) Why was Harding never prosecuted for any of the scandals in 1923 or 1924?

6.) Did farm prices increase or decrease after WWI?

7.) Did you read?

UpdateUpdatetoday – 771-776tomorrow – 785-791Thursday – 795-802

Why wilson 12

Hillary harding 20

Clinton coolidge 24

Hates hoover 28

Ramen roosevelt 32

Warren G. Harding 20-24Warren G. Harding 20-24“amiable boob” -“The Ohio Gang” –most corrupt Ad. Since ________The Good AdvisorsCharles Evans Hughes (State)Andrew W. Mellon (Treasury)Herbert Hoover (Commerce)

Harding / Coolidge / Hoover Conservatism Harding / Coolidge / Hoover Conservatism laissez-fairebut actually -Conservative Supreme Court (4 / 9: )-ICC –Anti-LaborSteel Strike of 1919 –1922 RR Strike - Union membership DOWN _____% 1920-30 -

Washington Conference 1921-22Washington Conference 1921-225, 4 & 9 Power Treaties5-5-3 ratio of battleships &

carriersUS & UK will not -Open Door in China -2 Reasons Treaties Don’t Work:no restrictions on -no teeth -

Isolationism in the 1920sIsolationism in the 1920s1.) failure to ratify - 2.) Kellog-Briand Pact -3.) Fordney-McCumber Tariff (1922) -

backlash -

Harding Scandals Harding Scandals Veterans Bureau Scandal ($200

mill) - Teapot Dome Scandal

Sec. Interior Albert B. Fall takes $100,000 bribe to give naval oil reserves over to big biz

Calvin Coolidge Calvin Coolidge more of the same conservatismlaissez-fairepro-biz

The Agricultural CrisisThe Agricultural CrisisDuring WWI production goes ____Demand is high because –After the war production stays ___After the war demand goes ______

because -

high production & low demand = surpluses & ____ prices¼ farmers lose their farms in 20sCoolidge vetoes gov. price controls

Because of _ _ _ _ _ _ _ - _ _ _ _ _

FRANCE&

BRITAIN

US

Germany

War Debt Reparations ProblemWar Debt Reparations ProblemThe Dawes Plan –Results in -

The Spiral BeginsThe Spiral BeginsSmoot-Hawley Tariff (1930)

Highest in American HistoryBlack Tuesday, October 29, 1929speculation –buying on margin -

Jeff Feucht was a greedy dumbyJeff Feucht was a greedy dumbySmoot-Hawley Tariff (1930)

Highest in American HistoryBlack Tuesday, October 29, 1929

speculation –buying on margin -

Unemployment1930: 4 million jobless1932: 12 million jobless

Black TuesdayBlack Tuesday

6 Causes of GD 6 Causes of GD 1 decline of manufacturing –2 crisis in agricultural markets -3 widening gap btw rich & poor -4 over-reliance on credit -5 speculation in stock market -6 high tariffs / worldwide depression -

Herbert Hoover -28Herbert Hoover -28“trickle-down” economics -“rugged individualism” -Reconstruction Finance Corporation

(RFC)–Public Works – The Boulder (Hoover) Dam–too little, too late -The Bonus Army –Manchuria, 1931 -

The Bonus Army The Bonus Army

Herbert Hoover -28Herbert Hoover -28“trickle-down” economics -“rugged individualism” -Reconstruction Finance Corporation

(RFC)–Public Works – The Boulder (Hoover) Dam–too little, too late -The Bonus Army –Manchuria, 1931 -

Franklin Delano RooseveltFranklin Delano RooseveltFDR – 1932 – 45The Three R’srelief –reform –recovery -

FDR & The 1st 100 DaysFDR & The 1st 100 Days

1st 100 Days (1933) – Banking & Finance1st 100 Days (1933) – Banking & Finance“Bank Holiday” –

1st 100 Days (1933) – Banking & Finance1st 100 Days (1933) – Banking & Finance“Bank Holiday” –Emergency Banking Relief Act –Glass Steagall Banking Reform Act -

FDIC -Federal Securities Act –

SEC –

Roosevelt’s New Deal PhilosophyRoosevelt’s New Deal Philosophyrole of government –Keynesian Economics –

“pump-priming” –deficit spending –

Enemy of _ _ _ _ _ _ _ - _ _ _ _ _

TOO FAR -American Liberty League -Al Smith -said FDR was trying –NOT FAR ENOUGH -Dr. Frances Townshend –Huey Long (“The Kingfish”) –“share our wealth” –Upton Sinclair -

The New Deal in American PoliticsThe New Deal in American PoliticsDemocrats celebrate itLyndon Johnson (63-68)

tried to “finish” it

Republicans criticize “the welfare state”Reagan (80-88)

eliminate “entitlements”

1st 100 Days (1933) – Banking & Finance1st 100 Days (1933) – Banking & Finance“Bank Holiday” –Emergency Banking Relief Act –Glass Steagall Banking Reform Act -

FDIC -Federal Securities Act –

SEC –

Emergency Banking Relief Act Glass Steagall Banking Reform Act Federal Securities Act Civilian Conservation Corps Federal Emergency Relief Act Agricultural Adjustment Act Home Owner’s Loan Corporation Tennessee Valley Authority Works Progress Administration Social Security Act National Recovery Administration The Wagner Act Fair Labor Standards Act

New Deal Chart (25 HW Pts.)New Deal Chart (25 HW Pts.)Name Date Goal CreatedFederal Securities Act

’33* - regulate stock market- avoid another ’29 crash

SEC -

* = 1st 100 Days

TomorrowTomorrowFeuchtless!1. skim p.803-8092. read p.816-821 for Friday3. color New Deal Chart4. prepare for Double Jeopardy! (Friday)Monday: 35 & 36 Exam

Color Your New Deal ChartColor Your New Deal Chart

Red = reliefBlue = reformGreen = recovery

Double Jeopardy! CategoriesDouble Jeopardy! CategoriesABCs$$$$$$ Thinkin’LaborCriticsPoliticsLegacy

1st 100 Days (1933) – Jobs & Aid1st 100 Days (1933) – Jobs & Aid1933 – unemployment rate = 25%Civilian Conservation Corps (CCC) -Fed. Emer. Relief Act (FERA) –Agricultural Adjustment Act (AAA) –Home Owner’s Loan Corp. (HOLC)–Tennessee Valley Authority (TVA)-

The New Deal Continues –1933-40The New Deal Continues –1933-40Why? - Works Progress Administration (WPA) –1935massive public works program---most controversial part -

Social Security Act (1935)Most far reaching New Deal programprovided:123

The New Deal & LaborThe New Deal & LaborNational Recovery Administration (1933) empowered fed. gov. set labor standards for

----

ruled unconst. By the Supreme Court in Schechter v. United States (1935)

said -

The New Deal & LaborThe New Deal & LaborNRA was struck down so . . .FDR got The Wagner Act (’35) passed:1. created –2. protected -

resulted in:Committee for Industrial Organization (CIO) sub-committee of AFL later breaks offorganizes:1936-37 GM sit-down strike

Fair Labor Standards Act (1938)1-2-

Roosevelt’s New Deal PhilosophyRoosevelt’s New Deal PhilosophyOnly obstacle was __ _____ _____FDR’s “court-packing plan”the plan –The result -

The “Conscience” of the New DealThe “Conscience” of the New Deal=impact -

The New Deal for Native AmericansThe New Deal for Native AmericansIndian Reorganization Act (1934) John Collier, Commissioner of Indian

Affairs encouraged -

The New Deal CoalitionThe New Deal Coalitioncoalition =The New Deal Coalition =1.) Union members2.) urban poor & new immigrants3.) Southern Whites4.) African-Americansresults in -

stuffstuffEleanor RooseveltThe Indian Reorganization Act of 19342 “firsts” of the election of 1936Muller and Adkins cases