chapter 13 Flashcards

(39 cards)

1
Q

who was Warren Harding

A

1912 us senator
1920 president
well liked and outward going

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2
Q

How did Harding do in the 1920s election

A

He won 60% of electoral college vote. Failed to penetrate solid south

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3
Q

what were the reasons for Harding’s victory

A

good campaigner and weak democrats.

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3
Q

What was hardings campaign against Wilson

A

He ignored James cox and focused his campaign on Wilson and as a result managed to paint the democrats as disconnected

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4
Q

How was hardings presidency a return to 96

A

Their was a Close relationship between goverment and Buisness, Harding famously said “less government in Buisness more Buisness in government”

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5
Q

What act was passed in 1922

A

Fordney mccumber tarrif Act, pushed tarrifs to higher levels, there was support for this due to post war prosperity and rising living standards.

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6
Q

What did the appointment of Andrew Mellon bring

A
  • he was a firm believer in free markets and minimal regulation of big buisness
  • melon plan of 1923 aimed to reduce taxes and debt
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7
Q

What was the budget and accounting act

A

Made departments submit budgets to the president for approval,government totalled 5 billion in 1920 fell to 3.3 billion in 1922

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8
Q

What was hardings stance on AAs

A

He supported anti lynching laws

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9
Q

What was the Ohio gang

A

Harding appointed some of his Ohio cronies

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10
Q

What was the issue with the veterans beaureau

A

It was said that around $250 million had been misappropriated or wasted

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11
Q

How did Calvin Coolidge do in the 1924 election

A

Easy win, showed little prospect of a democrat return
Showed the decline in demand for progressivism

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12
Q

What was Coolidge tarrif policy

A

No reform followed and supported work of Harding with the ford mccumbney act

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13
Q

How did Coolidge collaborate with melon

A

Coolidge believe in small goverment and low taxes he reappointed melon as secutary of treasury and backed the melon plan

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14
Q

What was the 1924 revenue act

A

Made big curs in income tax

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15
Q

Should Coolidge be remembered as a good president

A

Coolidge restored credibility being a man of the people,

16
Q

What was hoovers belief of self reliance

A

He believed that people should be responsible for themselves and that goverment should not intervene.
He famously said “economic wounds must be healed by producers and consumers”

17
Q

What was hoovers belief of rugged individualism

A

Hoover was also a firm believer in rugged individualism reflected in his book “American individualism” published In 1922.

18
Q

What due hoover faumously say reiterating voluntarism

A

“A voluntary deed is infintley more precious than a thousand deeds from the treasury”

19
Q

What did statement did hoover run on in the 1928 election

A

“USA is nearer to financial triumph over poverty than ever before”

20
Q

What did melon believe about the crash

A

“He believed it would purge out rottenness in society”

21
Q

Why did hoover not switch to a kenynesiaism approach

A

Congress opposed defecit spending
Congress and public were suspicious of big government

22
Q

What was the impact the Hawley smoot tarrif act

A

Farming was really badly affected by the tarrif. Unemployment increases, national trade decreased, American exports plummeted. Contributed to economic spiral.

23
Q

Agricultural marketng act 1930

A

This enabled goverment to lend money to farmers aiming to ensure produce was sold as a profit

24
what was the grain stabilization coop oration
passed in 1930, tried to guarantee fair prices, they bought wheat and stored it in the hope that prices would go back up. however they continued to drop.
25
impact of the depression on farmers
agriculture was already struggling, the introduction of big farms and the dust bowl conditions meant many farmers had their farms seized by the banks and they became tenant farmers.
26
what was Hoovers belief in voluntarism
He wanted to encourage government and business to be voluntary in helping solve issues. this was in order to balance the budget and prevent deficit spending
27
how many people did the hoover dam employ
21,000
28
how much did hoover invest to help agencies provide relief
500 million
29
what was the reconstruction finance corporation
January 1932 was the most radical measure introduced by hoover and was the forerunner to Roosevelts new deal. It lent up to $2 billion to rescue banks, insurance companies, railroads and construction companies.
30
what was the home loan bank act
1932 - was set up to stimulate housing and home ownership, twelve regional banks were set up with a fund of 12 million dollars.
31
what was the emergency relief act
1932 gave 300 million in order for state govs to help with unemployed
32
what was the revenue act 1932
raised income tax from 25% to 63% reduced consumer demand in a time of falling investor power.
33
what were the reasons for the bonus army march
veterans who were told they would get a bonus in 1945 for their service.
34
what happened in the bonus army march
12,000 marched to dc in june 1932, congress sent in army to try and control. led by douglas mcarthur they destroyed hooverille killing a 100 and 1 baby.
35
what was the result of bonus march
- reduction in popularity - hoover overruled 226 - 175 in favor of immediate payment - they were given a payment for travel fees.
36
what quotes were said that furthered isolated hoover
" thank god you have a president that knows how to deal with a mob" "tramps and hoodlums with a generous sprinkle of communist agitators"
37
what was hoover advised by economists
vetoe the hawley smoot tarriff act
38
what were hoovers biggest errors
- not veoting tarrif act - bonus army - lack of charisma