Steege Great Depression test.
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| 29 Warren G. Harding-so eager to please! Inoffensive | ||
| 30 Calvin Coolidge-very quiet, reactionary, the almost orphan, the Boston police strike one | ||
| 31 Herbert Hoover-Sec of Commerce for 8 years. People hated him though he tried so hard. Total orphan, Belgian food relief | ||
| Harry Daughterty--> Attorney General Albert Fall-->Sec of Interior-Teapot Dome scam Charles Forbes-->Veteran's Admin-overcharged hospital building Jesse Smith-->Justice Dept. | ||
| laissez-faire | ||
| lowered taxes-good idea! Too high during war. But makes the rich more rich. | ||
| Up tariffs 25%. Farmers hit hard. Bad idea. Retaliatory tariffs, down world trade, Fr/GB can't pay us back | ||
| Sec of State Charles Evans Hughes Sec of Commerce Hoover Sec of Treasury Andrew Mellon Sec of Agriculture Henry Wallace of Iowa | ||
| Albert Fall, Land to oil co's=$ for Fall! | ||
| Coolidge wins easily, Dems run conservative John Davis, progressives run Robert La Follette. | ||
| gov't buy up farmers' surplus, food taxes to pay for this. Coolidge is like, farmers suck anyway, Veto 1927/28 | ||
| Now open shop business...down labor union membership | ||
| C. E. Hughes calls in 9 nations because Japan is taking over Asia | ||
| 5:5:3:1:1 US:GB:Japan:Fr:Italy tons of battleships. Didn't really limit Japanese | ||
| respect colonial possessions in Asia, U.S./GB/Japan/France | ||
| solidifying Open Door policy. Very difficult to enforce. No consequences if treaties broken | ||
| many assocs for peace estb after war | ||
| orig with France, eventually with 60 something nations, saying we hate war. | ||
| Debt repayment plan. $ to Germany, but twas a loop | ||
| Don't pay us back for a year...doesn't work | ||
| Dwight Morrow-Mexican ambassador | ||
| no Roosevelt Corollary (says CE Hughes), no dominion, we pull out troops | ||
| 1. maldistribution of wealth 2. creditor nation 3. corporate pyramids 4. stock market boom | ||
| 1. Industries not competitive worldwide 2. Installment buying 3. Overproduction 4. Uneven distribution of wealth 5. Farm-Dust Bowl 6. Gov't policies-too business-y | ||
| Al Smith "Brown Derby campaign"-dry S. Dem as VP Repubs-who but Hoover? Permanent prosperity | ||
| buys surplus from farmers but farmers don't know to STOP PRODUCING. They react angrily to foreclosures, etc | ||
| big mistake. Raise tariffs means wall of internat'l trade | ||
| Am pull out of other countries, don't pay debts back to America | ||
| balanced budget! Now less purchasing power of the rich. | ||
| sounds good, but no money in so it doesn't work | ||
| gov't funding jobs. Boulder Dam. Good, not enough. | ||
| Lowers mortgage rates to help people keep their homes. But too little too late | ||
| gave finance to RRs, etc. trickle down idea. | ||
| Hoover fails against FDR, Bonus Army incident | ||
| WWI veterans guaranteed bonus in 1945. Go to D.C. demanding money. Vets set up in Anacostia Flats. Congress debates Patman Bill 6/1932. Decide no, can't pay. Hoover says go home vets, he forces them out with US army | ||
| has polio but does some good stuff | ||
| RR mileage that fails | ||
| Gross nat'l product | ||
| of children in America are malnourished-->listlessness | ||
| of banks close-overextended themselves unemployment percentage | ||
| increase in suicide rate | ||
| direct function of Hawley-Smoot tariff. 40% drop in world trade | ||
| drop in manufacturing | ||
| kids leave school | ||
| # of farms foreclosed | ||
| Okies on Route 66 to CA | ||
| hobos who rode the rails | ||
| individual bank accounts closed | ||
| apples in NYC |
