The 1920s: Republican Resurgence Hardings Administration Political Appointments
Andrew Mellon Taft Tax reductions Higher tariff Big Business
Mellon Ohio Gang Supreme Court Herbert Hoover Corruption!! Ohio gang Teapot Dome Scandal
Albert Fall Hardings death Harry M. Daugherty Florence Harding Calvin Coolidge- the TRUE
Capitalist Silent Cal The business of America is business! Hoover- Progressive and Humanitarian
Tax reduction for lower classes Promote African American Rights Endorse Agricultural Marketing Act Hawley-Smoot Tariff ECONOMIC BOOM Spurred on by use of the assembly
line, electricity,& the auto industry Auto Industry Fords $5 work day Oil, rubber, steel
Service stations Road building suburbs Model T Henry Ford New Industries Aviation Chemical Radio Movies
REALLY BIG BUSINESS! Oligopoly: control of an industry by a few giant companies Automobile, banking, retail BIG= efficient & productive America Becomes a Consumer Society
Higher Standard of Living? 71% earn less than necessary for a decent Standard of Living Declining wages Rising consumer prices Buying on credit Decline in Unionism Open-shop Yellow Dog Contracts Welfare Capitalism
Failure to organize women & minorities Rising middle class Red Scare
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