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Chap. 32: The Politics of Boom and Bust Flashcards

American Pageant - AP US History

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591080080Warren G. Hardinghe had a mediocre mind and he did not like to hurt people's feelings; could not detect the corruption within his administration, president after World War I who promised to return the US to normalism
591080081Charles Evans HughesSecretary of State under Harding, Proposed a 10-year moratorium on the construction of major new warships at the Washington Conference
591080082Andrew MellonSecretary of the Treasury. Successfully pushed congress to lower taxes
591080083Charles R. Forbeshead of the Veterans Bureau, was caught stealing $200 million from the government, chiefly in connection with the building of veterans' hospitals.
591080084Herbert HooverU.S. president during stock market crash, who rejected the Progressive emphasis on activist government to pursue a program of minimal business regulation, low taxes, and high tariffs; encouraged businesses to regulate themselves, his belief in "rugged individualism" kept him from giving people direct relief during the Great Depression.
591080085Albert B. FallScheming anti-conservationist. Secretary of Interior who got oil reserves transferred to Interior Dept. (wolf hired to protect the sheep), corrupt.
591080086Harry M. DaughertyHarding's Attorney Gen. was supposed to prosecute wrong dooers but instead was a big time crook in "Ohio Gang" accused of illegal sale of pardons & liquor permits. Forced to resign but not convicted.
591080087Calvin CoolidgeBecame president when Harding died. Tried to clean up scandals. Business prospered and people's wealth increased. Shy, dour serious visage. Called "silent Cal" - known for brilliant flashes of silence. Mediocre leadership skills, boring speeches. High priest of the great god Business.
591080088John W. DavisDemocratic - nominee for President. Wealthy corporation lawyer connecting with wall street banking house of JP Morgan & co.
591080089Robert La FolletteProgressive Wisconsin governor who attacked machine politics and pressured the state legislature to require each party to hold a direct primary
591080090Alfred E. SmithGovernor of New York who ran as a Democrat for the 1928 elections: a man who was blanketed by scandal (he drank during a Prohibitionist era,and was hindered politically by being a Roman Catholic).
591080091"Ohio Gang"accused of illegal sale of pardons & liquor permits
591080092trade associationSet up by big industrialists, these agencies used to agree upon standardization of product, publicity campaigns and a united front in dealing with railroads and labor... ran counter to spirit of anti-trust legislation but creation was encouraged by H. Hoover.
591080093American LegionWorld War 1 veterans group that promoted patriotism and economic benefits for former servicemen
591080094Washington Conference(1921) Conference of major powers to reduce naval armaments among Great Britain, Japan, France, Italy, and the United States.
591080095Kellogg-Briand Pactaka Pact of Paris. "outlawry of war" - quarreling nations should take a pledge not to use war as an instrument of foreign policy
591080096Fordney-McCumber Tariffspurred by fear of flood of cheap foreign goods from Europe. raised tariff rates
591080097Teapot Dome scandala government scandal involving a former United States Navy oil reserve in Wyoming that was secretly leased to a private oil company in 1921 - led to conviction & prison for sec. of interior Albert Fall.
591080098McNary-Haugen BillKept agricultural prices high by authorizing gov. to buy crops to sell to abroad - Coolidge vetoed the bill twice
591080099Dawes PlanA plan to revive the German economy, the United States loans Germany money which then can pay reparations to England and France, who can then pay back their loans from the U.S. This circular flow of money was a success.
591080100Muscle Shoals BillBills that would allocate funds to dam the Tennessee River and provide employment, is vetoed by Hoover
591080101Reconstruction Finance CorporationCongress set up $2 billion. It made loans to major economic institutions such as banks, insurance companies and railroads.
591080102Bonus ArmyWWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date.
591080103Hawley-Smoot Tariff(HH) 1930 , charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation, HIGHEST EVER
591080104farm blockThis bi-partisan congressional voting block guaranteed farmers favorable congressional treatment.
591080105Agricultural Marketing ActEstablished the first major government program to help farmers maintain crop prices with a federally sponsored Farm Board that would make loans to national marking cooperatives or set up corporations to buy surpluses and raise prices. This act failed to help American farmers.
591080106Black FridayOctober 29, 1929: Stock Market Crash
591080107Stimson doctrine1932, Hoover's Secretary of State said the US would not recognize territorial changes resulting from Japan's invasion of Manchuria

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