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Chapter 32 The Politics Of Boom And Bust Essay

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Name_____________________ Date___________ Period_____ Chapter 32: The Politics of Boom and Bust Directions: FIRST complete your outline on the right, SECOND return to notes and write key terms on left side of column. Warren G. Harding Charles Evan Hughes Andrew Mellon, Herbert Hoover Esch-Cummins Transportation Act of 1920 Merchant Marine Act the La Follete Seaman’s Act of 1915 Isolation Washington “Disarmament” Conference Fordney-McCumber Tariff Charles R. Forbes Teapot Dome Scandal Calvin Coolidge Capper-Volstead Act John W. Davis La Follete Nicaragua Haiti Charles Dawes Dawes plan Herbert Hoover Alfred E. Smith Agricultural Marketing Act Grain Stabilization Corporation Cotton Stabilization Corporation …show more content…

i) However, not-unionized workers and farmers were not reaping in these riches ii) Hoover’s self-help philosophy was determined to fix this social issue b) He helped pass the Agricultural Marketing Act to help farmers help themselves by making the producers cooperate and created the Federal Farm board which donated to farm organizations i) The board also created the Grain Stabilization Corporation and the Cotton Stabilization Corporation to buy surpluses and maintain prices c) The Hawley-Smoot Tariff of 1930 became the highest peacetime amendment in America’s history and was designed to protect farmers and their interests i) This angered both industrialists and foreigners, it seemed almost as if America was declaring economic war on the rest of the world ii) This isolationist policy would not let the rest of Europe recover and let it fall into the hands of Adolf Hitler 14) The Great Crash Ends the Golden Twenties a) As Hoover took office in 1929, the Great depression was setting in i) The prices on the stock market continued to spiral upwards and gave a massive sense of American confidence ii) The Federal Reserve Board helped spark massive speculation that would foreshadow the

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