Presentation on theme: "HOW DID PRESIDENTIAL LEADERSHIP"— Presentation transcript:
1 HOW DID PRESIDENTIAL LEADERSHIP INFLUENCE U.S. POLICYDURING THE 1920'S?
2 President Calvin Coolidge “The business of America is business. The man who builds a factory builds a temple. The man who works there worships there”President Calvin Coolidge
3 Presidential Leadership in the 1920’s President Warren G. HardingHarding wins landslide election promising a return to “normal”Return to isolationismPro-business policiesMake economy grow and create jobsAmericans were war weary & wanted a return to pre-war days"Return to Normalcy"
4 How did Harding Disappoint the People? Political ScandalsHarding’s political appointees were corruptCabinet secretary was bribed and secretly leased land to oil companies at Teapot Dome, WyomingFirst time a cabinet secretary was sent to prisonHarding dies in office of a heart attack before scandals are connected directly to him
5 Calvin Coolidge Takes Office “Silent Cal”Sworn in after Harding’s deathCoolidge was different from HardingNot a big speech maker or party throwerCoolidge repaired damage caused by scandals
6 Coolidge Prosperity Silent Cal “The business of America is business. The man who builds a factory builds a temple. The man who works there worships there”Calvin CoolidgeWhat was Coolidge’s priority as president?Pro big businessBusiness was the most important part in creating the American way of lifeBegan a period of rapid economic growthSilent Cal
7 Coolidge Prosperity Industry Booms Quantity of goods made by industry doubledMore jobs were made and incomes rosePeople spent money on new productsRefrigerators, radios, phonographs, vacuum cleanersInstallment buying (credit) allowed people to spend more money than they could affordOverspending became a serious economic problem
8 Coolidge Prosperity A Soaring Stock Market More people invested in the stock market than ever before. (Bull Market)Stocks were bought on marginFor 10% down payment, buyers held stocks until the price rose and sold it for a profitMargin buying works as long as stock prices riseMargin buying became a cause for The Great Depression of the 1930’s
9 Foreign AffairsPresidents Harding and Coolidge kept the U.S. out of European affairs (Isolation)US remained out of the League of NationsThe US intervened in Latin America when American business interests were threatenedUS signed the Kellogg-Briand PactThis treaty outlawed war, but had no means of keeping the peace
10 ConclusionHow did presidential leadership influence US policy during the 1920’s?Presidential leadership:Created a strong economyCreated a bull marketReturned the nation to pre-WW1 isolationIncreased jobs and family incomeCreated an era of peace & prosperity