Domestic Politics Flashcards
(13 cards)
1
Q
What happened to politics after WWI?
A
- became more conservative + inwards
- beginning of a long period of Republican dominance
- the Democratic Party was divided + support for the ideas of progressivism was weak
2
Q
Presidencies 1920-1932
A
- Harding 1920-23 (died)
- Coolidge 1923-28 (won 1924 election easily)
- Hoover 1928-32 = Great Depression = end of Republican dominance —> Roosevelt begins 20 years of democratic dominance
3
Q
Why did republicans dominate the 1920s
A
prosperity of the 1920s boom meant Republican business friendly policies seemed to fit the natural order
4
Q
Harding’s presidency
A
- one of hardings political slogans was ‘less government in business, more business in government’
- appointed Andrew Mellon as Secretary of the Treasury = firm believer in free markets + minimal regulation of business
- Harding passed the Fordney-McCumber Act in 1922 pushing tariffs up to very high levels
- wide support for hardings pro-business policies because the brief post-war recession in 1920-21 was followed by years of prosperity + rising living standards
5
Q
Why did Harding having a bad reputation?
A
- well-known fact that Harding + his inner circle regularly ignored laws prohibiting alcoholic drink + rumours about affairs with other women
- most significant contribution was his involvement in political corruption —> 1922 teapot dome scandal
- the full truth of the scandal did not emerge until in 1931 after Harding was dead
6
Q
Teapot dome scandal
A
- 1922 = high officials in Harding’s administration (e.g. Albert Fall Secretary of interior) were accused of leasing oil reserves in return for bribes
- the truth of the scandal didn’t emerge until 1931, but Fall became the first US cabinet minister to be jailed for crimes in office
7
Q
Coolidge’s presidency
A
- was Harding’s vice-president - took over in 1923 + then won 1924 election
- believed in small government + low taxes —> retained Andrew Mellon as secretary of the treasury
- 1924 Coolidge’s Revenue Act = big cuts in income tax
- supported policies of the Mellon Plan = reducing taxes for businesses + high income earners
8
Q
1928 election
A
- Hoover decisively won 1928 election after Coolidge voluntarily stepped down —> Republican dominance stronger then ever with them having control of both the house + senate
- Al Smith was the democratic candidate = managed to win many states in the north + east but was rejected by rural Protestants around the country due to him being a catholic
- anti-Catholicism undermined smith within his own party = he lost the traditional democrat stronghold of the ‘solid south’
9
Q
Hoover’s presidency
A
- hoover had an impressive record in public life = praised greatly for organising emergency relief schemes during + after WWI, he was also the secretary of commerce from 1921 under Harding
- Hoover’s presidency was overshadowed by the financial crisis + Great Depression, leading to the republicans being catastrophically defeated in the 1932 elections
- by 1932 Hoover’s name had become a term of abuse —> ‘Hoover blankets’ were newspapers homeless people covered themselves with + ‘Hoovervilles’ were shanty towns of the unemployed
10
Q
What was Hoover’s initial response to the Great Depression?
A
- Hoover’s immediate response was the traditional conservative approach to leave business to sort itself out = Andrew Mellon believed the crash would have a beneficial effect as ‘enterprising people will pick up the wreckage from the less competent people’
- didn’t believe in the Keynesian approach of increasing government spending
- the fact that was no immediate economic collapse in 1930 seemed to prove them right but by 1931-32 hoover changed his mind + introduce interventionist policies
11
Q
Success of Hoover’s intervention in agriculture?
A
- Agriculutral Marketing Act = setting up the federal farm board to provide loans to farmers
- Grain Stabilisation Corporation set up in 1930 = tried to guarantee fair prices for farmers by buying up wheat, BUT prices fell even lower + farmers went broke
- farmers were severely harmed by protectionism —> Smoot-Hawley Tariff Act 1930 increased import duties in 20,000 commodities
- 1930-31 the Midwest was hit by terrible heat waves = beginning of ‘dust bowl’ conditions —> Hoover provided $47 million in federal loans but this wasn’t enough = 25% of farmers had lost their land by 1932
12
Q
Success of Hoover’s intervention in business?
A
- Hoover still believed in minimal govt intervention in business in 1931, with him opposing relief schemes proposed by congress - but by 1931 7 million people were unemployed + this could no longer be ignored
- 1932 Reconstruction Finance Corporation = offered hundred of millions of dollars in emergency loans to banks + corporations
- Federal Home Loan Bank Act = encouraged banks to provide more mortgages
- Emergency Relief + Construction Act = provided federal funding for states to run public works schemes to create jobs
- BUT Hoover’s Revenue Act sharply increased taxes on businesses thereby not aiding recovery + reducing consumer spending
13
Q
Overall success of how Hoover dealt with the depression?
A
- by 1932 the depression was reaching its lowest depths
- mass unemployment, banks + business failures, farm bankruptcies, lower living standards
- it was clear the Democratic Party was in a good position to win the 1932 election