- Slides: 6
The Harding Presidency How did the Harding Administration in the 1920 s define American life?
International Problems Desire for “normalcy” • Hosted Washington Naval Conference; invited major powers, not Russia • Sec. of State Charles Evans Hughes proposed disarmament, others agreed • In 1928 Kellogg. Briand Pact nations renounced war as national policy Harding Struggles for Peace
High Tariffs and Reparations • Fordney-Mc. Cumber Tariff raised taxes on U. S. imports to 60% - Britain, France cannot repay U. S. • Germany defaults; Dawes Plan—U. S. investors lend reparations money - Britain, France repay; resentment on all sides Rob Paul to Pay Peter?
Harding’s Cabinet • Harding favored limited government role in business, social reform • Created Bureau of the Budget to help run government • Capable men in cabinet—Hughes, Herbert Hoover, Andrew Mellon • Also Ohio gang—corrupt friends who caused embarrassment Scandal Hits Harding’s Administration
• Harding did not understand all issues facing nation • Corrupt friends used their positions to become wealthy through graft Scandal Plagues Harding
• Teapot Dome scandal—naval oil reserves used for personal gain • Interior Secretary Albert B. Fall leased land to private companies • Took bribes; was first person convicted of felony while in cabinet • August 1923, Harding died suddenly • VP Calvin Coolidge assumed presidency, restored faith in government The Teapot Dome Scandal