Republican Warren G. Harding, an obscure republican from Ohio, won the election of 1920. During this time period, republicans held the position of being against the admittance of the United States into the League of Nations. During his ineffective presidency, he helped streamline the budget, approved measures assisting farm cooperatives and liberalizing farm credit. After his presidency however, many scandals arose. Among them was the Veteran's Bureau scandal in which the director of Veterans Bureau, Charles R. Forbes, was responsible for the waste of 250 million dollars. He was found guilty and sentenced to two years in prison. There was also the Teapot Dome, which occurred during the Harding administration.
During the twenties, economic policies exercised a technique known as welfare capitalism. It was designed to weaken the union movement and remove the causes of industrial discontent. It meant workers received more economic benefits, which included bonuses, insurance plans, profit sharing, and medical services. Welfare capitalism only affected however, a small number of workers and did not offer them real control.
Something also known as the "American Plan" consisted of the corporate leaders wanting open shop, which received the support of the National Association of Manufacturers. It busted unions in the 20's because unions were viewed as un-American and subversive. Union power was also hurt by actions of the Justice Department and the Supreme Court. As a result, union membership seriously declined. One...
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...ded for the renunciation of war as an instrument of national policy. Signed at Paris, August 27, 1928; it was ratified in the US in 1929. Washington Naval Conference was an international conference was called by the United States to limit the naval arms race and to work out security agreements in the Pacific area. Held in Washington, D.C., the conference resulted in the drafting and signing of several major and minor treaty agreements: the Four Power Pact and the Five Power Naval Limitation Treaty. The Smoot-Hawley Tariff of 1930 was the subject of enormous controversy at the time of its passage and remains one of the most notorious pieces of legislation in the history of the United States. In the popular press and in political discussions the usual assumption is that the Smoot-Hawley Tariff was a policy disaster that significantly worsened the Great Depression.
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