Studied by 2 people
What were all the presidents in the 1920s
republicans
what did all the 1920s presidents have in common
similar political and economic views
Warren Harding’s reign
1921-23
who’s reign was 1921-23
Warren Harding
Calvin coolidge reign
1923-29
who’s reign was 1923-29
Calvin coolidge
Herbert Hoover reign
1929-33
who’s reign was 1929-33
Herbert Hoover
what policy did Coolidge continue
limiting role of the government in the economy
reducing tax burden on the rich
what happened to the economy during Coolidge’s reign
went through period of unparalleled growth
what was Hoover
self made millionaire
what did coolidge believe
government should involved little
business men made their own decisions = high profits and new jobs
what was laissez-faire
governments interfered as little as possible with businesses
rugged individualism
people achieved success by their own hard work
who believed in individualism
republican presidents
where did individualism originate
early Americans who moved to west to make new life for themselves through hard work
what policy returned in the years after 1919
policy of isolationism
what was isolationism
USA refused to be involved in events abroad, particularly Europe
what did the government put on imported goods
tariffs
why were goods placed on tariffs
limit the competition from foreign imports
what was the result of tariffs
imports became more expensive compared to American made goods
what made imports become more expensive compared to American made goods
tariffs
what did tariffs encourage
the purchase of American goods and helped US producers
what encouraged the purchase of American goods and helped US producers
tariffs
when was the Fordney-McCumber Tariff
1922
what tariff was in 1922
Fordney-McCumber
what did the Fordney-McCumber tariff do
raised tariffs on goods coming into USA to highest level
encouraged Americans to buy USA produced goods
what did a reduction of income tax rates cause
left some people with more cash to spend on consumer goods
what caused people to have more cash to spend on consumer goods
reduction of income tax rates
Note
Flashcard