Chapter 26 Flashcards
(16 cards)
Warren G. Hoardings presidential promise
A “return to normalcy”
Andrew W. Mellon
Secretary of the Treasury under Harding
Mellon’s policy
- reduce government spending
- lower taxes
- trickle down economics
Revenue Act of 1926
Extended further benefits to high income groups by lowering state taxes
Fordney-McCumber Tariff of 1922
Increased rates on chemical and metal products to prevent the revival of German corporations
Five Power Treaty (1922)
Five-Power treaty limited the size of their (US, Japan, France, Italy) navies
Kellogg-Briand Pact
The effort to “outlaw” war. This drew the US into the French security system.
McNary- Haugen bill
Called for surplus American crops to be sold on the world market. Was vetoed by Coolidge.
American Plan
Refusal to recognize unions
Yellow dog contracts
Employers forced their workers to stay out of unions with these
Alfred E. Smith
Ran against Herbert Hoover in 1928, the democratic presidential candidate
Harley Smoot Tariff
Aided suites on imported items which backfired and prompted other countries to send their goods elsewhere
Making a small down payment and then borrowing the rest from the broker is called what?
Buying stock “on the margin”
Pan-American Conference
Charles Evans Hughes former Secretary of State agreed to withdraw US troops from Nicaragua and Haiti
The Clark Memorandum
Denied that the Monroe Doctrine justified US military intervention in Latin America
20th Amendment
Provided that presidents would take office on January 20 and the newly elected congress on January 3
