Topic 10: The " Roaring Twenties"

Republican presidents of the twenties

• Warren Harding (1921-1923)

• Calvin Coolidge (1923-1929)

• Herbert Hoover (1929-1933)

  they favored business

  Low taxation on companies and the rich

  High tariffs

  Loose enforcement of regulations

Demobilization

Soldiers retire from military service and production returns to pre-war, peacetime purposes

Impact of Demobilization

Returning soldiers looking for work, a series of strikes, and the end of wartime spending led to the Depression of 1920-1921

Return to “Normaley”

President Harding called for a “return to normalcy” with a a focus on prosperity at home, Coolidge said the “ business of America is business”.

Harding died in office in 1923 and shortly after the Teapot Dome scandal exposed corruption in his administration

Growing global economy

After the WW1, the U.S was unscathed compared to other nations, positioning U.S. as a global economic leader

American companies expanded their reach internationally, contributing to a growing global economy