Politics and Government
a. The Harding, Coolidge, and Hover administrations
* Harding, Coolidge, and Hoover were all republicans elected to end the Progressive era and all believed in a limited government. Harding was especially known for his “return to normalcy” ideals his pro-business stature. His term all held numerous infamous scandals. Coolidge was also pro-business and was renowned for always using his power of veto. Hoover focused on America’s prosperity economically.
b. The Harding scandals and the Bonus Bill veto
* Warren G. Harding’s administration was known for its scandals. One of the most famous scandal was the Teapot Dome. This scandal involved the lease of federally owned oil reserve lands to private interests, in return for bribes. He made disastrous appointments who created the corruption of his administration. Charles Forbes was the Veterans’ Bureau head and he was convicted of stealing money from the Veterans’ Bureau funds. The Bonus Bill was also referred to as the Adjusted Compensation Act. It benefited World War I veterans by giving them an additional compensation for their military service. A version of the bill was vetoed in 1921 by Harding because it was too expensive. Another version was vetoed by Harding in 1922, but overrode by the House. The Senate failed to override by 4 votes on a vote that split both Democrats and Republicans. Harding’s veto of this bill alienated the Republicans in the senate
c. The Coolidge-Mellon fiscal program
* Secretary of Treasury Andrew Mellon believed cutting taxes on the wealthy would help the economy thrive in prosperity and promote business. He persuaded Congress to lower the federal tax since they were so high from the Coolidge Administration. The ideology of pro-business was strong, causing Congress to rule child labor law as unconstitutional as it may have stipulated the industry.
d. Hoover and the Hawley-Smoot Tariff
* Senator Reed Smoot and Representative... [continues]
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