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In the 1920s, progressivism
remained strong in Congress.
The chief justice of the Supreme Court appointed by President Harding was
William Howard Taft
Harding was more progressive than Wilson in matters dealing with
"I have no trouble with my enemies, I can take care of my enemies all
right.Â But my damn friends...they're the ones that keep me walking the
floor at night," said
The Teapot Dome scandal involved
an oil deposit in Wyoming.
As secretary of commerce, Herbert Hoover promoted
federal regulation of the radio and airline industries.
Organized labor in the 1920s was weakened by
the Red Scare.yellow dog" contracts. welfare capitalism.
The Hawley-Smoot Tariff of 1930
raised rates to all-time highs.
Promised to return to normalacy. Republican.
VP during harding. took presidency after harding died. wanted to regulate bussiness and industry, reduce taxes and national debt. 1st pres. to talk to the nation on the radio.
Buying on the margin
For stocks people could make a small down payment and borrow the rest from a broken who held the stock as security against a down market. If stock declined and buyer failed to meet his margin broker sold the stock for the part that was on the margin.
1st model motion picture
1896 in new york
Social security act
fed grants in aid for old age assistance. dependent children, blind, and materal or child welfare. funded by payroll rax at a fixed rate.
Hoover's approach to recovery placed an emphasis on
the voluntary efforts of the people.
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