2Adjusting to PeaceAmericans and veterans alike wanted to return to the traditional policy of IsolationismThe Government stopped its wartime spendingand soldiers were home and looking for jobs.
3Adjusting to PeaceMost of the factories that were to produce military good reverted back into civilian job factories and many farmers lost their jobs in EuropeThese factors led to a temporary economic recession in the U.S. from 1919 to 1921Recession- A slowdown in economic activity, Investment spending household incomes and business profits fall, Bankruptcies and Unemployment are on the rise
4The Presidents: Warren Harding Inauguration Address Our eyes never will be blind to a developing menace, our ears never deaf to the call of civilization. We recognize the new order in the world, with the closer contacts which progress has wrought. We crave friendship and harbor no hate. But America can be a party to no permanent military alliance. It can enter into no political commitments, nor assume any economic obligations which will subject our decisions to any other than our own authority. It has been proved again and again that we cannot, while throwing our markets open to the world, maintain American standards of living and opportunity, and hold our industrial eminence in such unequal competition.
5Warren G. Hardinghttps://www.youtube.com/watch?v=_u2-t6w4HnMReturn to Normalcy was his campaign slogan.Less focused on foreign policy and put a greater emphasis on peacetime production and prosperity at home.Fought for greater African American rights in 1921 and supported an anti- lynching billPursued arms reduction by sponsoring the Washington Naval ConferenceSupported U.S. Membership in the World Court
6Warren G. Harding: The Teapot Dome Scandal One of President Harding’s Weaknesses was appointing friends as his personal cabinet A.K.A. The Ohio GangThe Secretary of the Interior leased rich oil rich government lands at Teapot Dome, Wyoming to two business friends in exchange for personal bribes.Additional scandals also emerged in different departmentsCharles Forbes stole millions from construction of hospitals for returning war veteransThese scandals left a lasting stain on Harding's reputation as president
7Calvin Coolidge 1923-1929 https://www.youtube.com/watch?v=IUkBE-OCHIU Gained national attention during the Boston Police Strike of believed there should be no strike against public safetyBecame Harding’s Vice- President and then became president after Harding’s sudden death in 1923Continued Harding’s pro Business polices and made the motto “the business of Americans is business”Got the nickname Silent Cal for speaking infrequentlySome have accused Coolidge’s laissez- faire approach to the stock market crash of 1929
8Herbert Hoover 1929-1933 https://www.youtube.com/watch?v=JuRsKiruKAE Skilled engineer and self made millionaire, he distributed relief aid to Belgian children and over saw the U.S. food production during the warIn his campaign he predicted that if he was elected then there would be an end to povertyBelieved in Rugged Individualism – American living standards were being raised at a rapid pace because of equal opportunities, free education, and a will to succeedHoover felt that too much government interference in business would undermine the nation’s prosperity by increasing corruption, smothering initiative and extinguishing opportunity, and dry up the spirit of liberty and progress