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THE OHIO GANG /TEAPOT DOME SCANDAL. Fordney –McCumber raised taxes on U.S. imports to 60% Protected US businesses from foreign competition.

Published byJoseph Logan Modified over 8 years ago

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Presentation on theme: "THE OHIO GANG /TEAPOT DOME SCANDAL. Fordney –McCumber raised taxes on U.S. imports to 60% Protected US businesses from foreign competition."— Presentation transcript:

1 THE OHIO GANG /TEAPOT DOME SCANDAL

2 Fordney –McCumber Tariff @1922 raised taxes on U.S. imports to 60% Protected US businesses from foreign competition Impossible for Britain & France to sell enough goods in the U.S. to repay war debts American investors loaned Germany 2.5 billion$ to pay back Britain & France U.S. arranged to be repaid with own $ DID NOT MAKE EUROPEAN NATIONS HAPPY):

3 OHIO GANG Pres. Harding’s poker buddies who became his advisors or cabinent members

4 TEAPOT DOME SCANDAL

5 What happened Where: Teapot dome, WY & Elks Hills, C A WHO: U.S. Navy & Secretary of Interior Albert Hall & various oil executives HOW: Fall secretly leased land to 2 private oil companies & received more than $400,000 in loans, bonds & CASH Hall was the 1 st American to convicted of felony while holding a cabinet post

6 HARDINGS DEATH 8/2/1923 the stress from scandal caused him a heart attack or stroke

7 President Calvin Coolidge Helped restored peoples faith in government & REPUBLICAN PARTY UNITL ….

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