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
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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
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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

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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
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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
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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
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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
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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’
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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
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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
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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
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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
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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
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