Albert B. Fall
He was Secretary of the Interior during Harding's administration, and was a scheming anticonservationist. He was convicted of leasing naval oil reserves and collecting bribes, which was called the Tea Pot Dome scandal.
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Chapter 35 - The Politics of Boom and Burst
Herbert Hoover
The president of the United States from 1929 to 1932 He was a republican who ran on a campaign of prohibition and prosperity. The early years of his presidency brought about a great deal of prosperity for the United States. Many people blamed him for the stock market crash.
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Andrew Mellon
He was the Secretary of the Treasury during the 1920s and under Harding that had the theory that high taxes forced the rich to invest in tax-exempt securities rather than in factories that provided prosperous payrolls. He had followers in his theory called Mellonites. He helped engineer a series of tax reductions and reduced national debt by $10 billion. He was accused of indirectly encouraging the bull market and starting the descent into the stock market crash.
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Charles Evan Hughes
He was the Republican governor of New York who ran for the presidency in 1916. He lost to Wilson. He was a strong reformer who gained his national fame as an investigator of malpractices in gas and insurance companies. In 1921 he became Harding's Secretary of State. He called together the major powers to the Washington Disarmament Conference in 1921.
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Warren G. Harding
Warren G. Harding - one of the best liked men of the generation, he was spineless and a bad judge of character. He is compared to Grant because his term in office was scandalous. Many corporations could expand, antitrust laws were ignored, and he achieved disarmament with the Open Door in China. The tariff increased also. He died on August 2, 1923 of pneumonia and thrombosis while making speeches.
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