The over-arching theme of chapter 32 is that 20s politics were a time of corruption and business running wild, kind of a throwback to late 1800s.

1. President Harding had several scandals underneath him, notably the Teapot Dome Scandal over oil.
2. America entered into policies of “isolationism” whereby the US just wanted to look after herself and leave Europe alone.
3. Coolidge was very pro-business, following a “hands-off” approach by government.
4. Hoover held the same ideas with his “rugged individualism” phrase. When the Stock Crash hit and Great Depression started, Hoover was very reluctant and slow to take government action.