Unit 5 The Harding Presidency President Warren G

  • Slides: 14
Download presentation
Unit 5 - The Harding Presidency

Unit 5 - The Harding Presidency

 • President Warren G. Harding (1921 – 1923) - Republican – Promoted a

• President Warren G. Harding (1921 – 1923) - Republican – Promoted a return to “normalcy” – Considered one of the least effective presidents

Harding Struggles for Peace • Washington Naval Conference – Involved the five major naval

Harding Struggles for Peace • Washington Naval Conference – Involved the five major naval powers • • • US Great Britain Japan France Italy – Agreed to limit the sizes of their navies • Limit construction of new warships • Scrap some existing ships

Harding Struggles for Peace • Fordney-Mc. Cumber Tariff – Raised taxes on imports to

Harding Struggles for Peace • Fordney-Mc. Cumber Tariff – Raised taxes on imports to 60% - highest ever – Protected American businesses – Increased isolationism – Made it impossible for France and Britain to repay US war debts

Harding Struggles for Peace • Dawes Plan – Britain and France needed German reparations

Harding Struggles for Peace • Dawes Plan – Britain and France needed German reparations to repay US war debts – Germany could not pay – France invaded part of Germany – Dawes Plan • • American investors loaned money to Germany can pay reparations to France and Britain can repay US loans US is being repaid with its own money – Anger at US • US not paying its fair share • US profiting from war and war debts

Charles Dawes Nobel Peace Prize

Charles Dawes Nobel Peace Prize

 • How does this benefit the United States?

• How does this benefit the United States?

Scandal in Harding’s Administration • “I have no trouble with my enemies…But my friends,

Scandal in Harding’s Administration • “I have no trouble with my enemies…But my friends, they’re the ones that keep me walking the floors nights. ”

Scandal in Harding’s Administration • The Ohio Gang – Cabinet consisting of Harding’s Friends

Scandal in Harding’s Administration • The Ohio Gang – Cabinet consisting of Harding’s Friends – Corrupt friends used positions to make money – Scandals would cause embarrassment

Scandal in Harding’s Administration • Teapot Dome Scandal – Oil-rich land set aside for

Scandal in Harding’s Administration • Teapot Dome Scandal – Oil-rich land set aside for use by US Navy • Teapot Dome, Wyoming • Elk Hills, California – Albert Fall • • • Sec. of Interior Got Land transferred from Navy to Interior Dept. Fall secretly leased the land to two private oil companies Fall received over $400, 000 in cash, loans, and bonds Convicted of felony while in Cabinet

 • Harding’s Death – Harding died suddenly on Aug. 2, 1923 • Heart

• Harding’s Death – Harding died suddenly on Aug. 2, 1923 • Heart Attack – Calvin Coolidge (Republican) becomes president