By: Isabel, Eleazar, Giuseppina, and Alexxa
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Transcript of By: Isabel, Eleazar, Giuseppina, and Alexxa
By: Isabel, Eleazar, Giuseppina, and Alexxa
First Thing’s First
Mass CorruptionThose decades where the
government truly tried to reform wages, hours and sanitation are now almost entirely gone
Corruption during this period was an all time high
There was a newfound partnership between government and business
The Good, the Bad and the Ugly of President Warren Harding (1921-1923)
Good Bad Pardoned Eugene
DebsChanged working
hours of Carnegie steel factory workers from 12 hours down to the desired 8.
Slowed down the Arms Race.
Appointed sleazy and corrupt officials
Scandals in the Justice Department and Veterans Bureau
Oil Scandal
UGLY!
“Silent Cal” (1923-1929)Calvin Coolidge became
president after Harding’s stroke. Known as “Silent Cal” because
during some of his interviews his answers never went farther than two words. At the end of his presidency, instead of an 800 page essay as Washington wrote, Coolidge simply said, “good bye” to the American people.
Was Coolidge…Cool?Coolidge slept 10 hours a night
and had 1-2 naps a day. He seldom worked more than 4 hours a day.
He was a firm believer in Laissez Faire capitalism. Business would prosper if they government kept their hands off.
Notable Acts of His PresidencyVetoes of bills to assist farmers in
developing government power plants along the Tennessee River.
The Kellogg-Briand Pact, an international agreement outlawing the use of force to settle disputes. This was meant to end all future wars.
OTHER ACTS PASSED DURING THE 1920s
Prohibition passed in the 1920's and lasted until 1933. This prohibited the consumption and selling of alcoholic beverages.
The Emergency Quota Act of 1921 passed due to the Red Scare This reduced the amount of immigrants that were allowed to come to America by 3%.
The Immigration Law of 1924 was also passed due to the Red Scare. It reduced the amount of immigration to America by an extra 5%, making it an overall reduction of 8%
The Fordney-McCumber Tarriff passed, which raised taxes on all imported goods from 28% to 38.5%. This caused European stock investors to drop $16.4 million dollars worth of stocks in ONE DAY. In the end, European investors dropped $40 billion worth of stock overall. This directly lead to the Great Depression.
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