How Did Warren Harding Support Big Business In The 1920s
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Warren Harding was president from 1921-1923. The Republican from Ohio was considered a pro-business president who favored the big businesses of the 1920s.
Pro Business
During the 1920s, American businesses began to take off. The decade quickly became known as the "Roaring 20s."
During the Harding Administration, taxes were cut for the rich - most of whom controlled the big businesses. As a result, the rich became richer during the 1920s.
In addition, high tariffs were enacted which were to support American businesses. The high tariffs were to make foreign goods more expensive, which in turn would promote the purchase of American products in the United States.
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