Notes From Text Essay

385 WordsMar 31, 20092 Pages
Big Business Triumphant: Electric power helped manufacturers produce new metal alloys such as aluminum and synthetic materials such as rayon. Congress reduced taxes on corporations and wealthy individuals in 1921 and the next year raised tariff rates in the Fordney-McCumber Tariff Act. Maple Floor Assoc. v. US -- decided that trade assoc. that distributed antiunion information were not acting in restraint of trade. Politics and Government: A symbol of gov'ts goodwill toward business was President Warren G. Harding-- appointed Sec. of State Charles Evans Hughes, Sec. of Commerce Herbert Hoover, Sec of the Treasury Andrew Mellon, and Sec. of Agriculture Henry C. Wallace. Harding's admission helped streamline federal spending with the Budget and Accounting Act of 1921-- supported antilynching legislation and approved bills assisting farm cooperatives and liberalizing farm credit. Charles Forbes of the Veterans Bureau went to federal prison for fraud and bribery w/ gov't contracts. Gen. Harry Daugherty-- bribery and other fraudulent schemes. Albert Fall had accepted bribes to lease oil-rich gov't property to private oil companies -- this affair was called the Teapot Dome scandal after Wyoming oil reserve that had been turned over to Mammoth Oil Company-- fined $100,00 and year in jail Vice Pres. Calvin Coolidge -- Harding's successor ( on speaking tour became ill + died) Coolidge's administration reduced gov't debt, lowered income-tax rates, and began construction of a national highway system. staple crops-- the McNary-Haugen Bills -- establish a complex system whereby the gov't would buy surplus farm products and either hold them until prices rose or sell them abroad. "Coolidge prosperity" was the decisive issue in the presidential election --- Coolidge beat Davis Dawes Act of 1887-- conferred citizenship on all Indians who

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