President Wilson and Mexico

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Questions and Answers

Which statement accurately reflects Woodrow Wilson's initial approach to foreign policy upon entering office in 1913?

  • He sought to aggressively expand American influence through military intervention.
  • He immediately focused on mediating disputes between European powers to prevent war.
  • He continued the dollar diplomacy policies of his predecessors without modification.
  • He prioritized domestic policy and aimed to minimize involvement in international affairs. (correct)

How did Wilson's actions in Mexico contradict his stated foreign policy goals?

  • Despite criticizing interventionism, he deployed US troops to Mexico more often than previous presidents. (correct)
  • He avoided intervening in Mexican affairs, leading to instability.
  • He decreased the presence of US military forces in Latin America, causing economic decline.
  • He fully supported dollar diplomacy, strengthening the existing corrupt government.

Why did Wilson refuse to recognize Victoriano Huerta's government in Mexico?

  • Huerta aligned himself with European powers against the United States.
  • Huerta nationalized American-owned businesses.
  • Huerta refused to negotiate a trade agreement with the United States.
  • Wilson opposed Huerta's dictatorial methods and labeled his government as one 'full of butchers'. (correct)

What action did the US government take after American sailors were arrested in Mexico?

<p>The US accepted Mexico's apology but demanded a 21-gun salute to the US flag, later occupying a city when this was not done. (B)</p> Signup and view all the answers

What was the primary goal of Pancho Villa's raids into Texas and New Mexico?

<p>To provoke US intervention in Mexico. (B)</p> Signup and view all the answers

Which of the following BEST describes the impact of the situation in Mexico on Wilson's presidency?

<p>It ultimately led to a larger focus on problems in Europe. (A)</p> Signup and view all the answers

Which of the following was NOT a major underlying cause of World War I?

<p>Antisemitism (D)</p> Signup and view all the answers

What was the purpose of the alliances formed prior to World War I?

<p>To ensure collective security in case of attack (A)</p> Signup and view all the answers

Which event is considered the immediate trigger for the outbreak of World War I?

<p>The assassination of Archduke Franz Ferdinand (A)</p> Signup and view all the answers

What was the initial policy of the United States toward World War I?

<p>Neutrality (B)</p> Signup and view all the answers

What factor complicated the U.S. policy of neutrality during World War I?

<p>Immigration patterns and divided loyalties among Americans (C)</p> Signup and view all the answers

Why did the British blockade of sea routes impact U.S. trade during World War I?

<p>It limited U.S. trade with Germany and other Central Powers. (D)</p> Signup and view all the answers

What action by Germany prompted the U.S. to consider entering World War I?

<p>The use of unrestricted submarine warfare (D)</p> Signup and view all the answers

What was the significance of the sinking of the Lusitania?

<p>It heightened anti-German sentiment and increased the debate over US involvement in the war. (D)</p> Signup and view all the answers

What was the Arabic Pledge issued by Germany?

<p>A commitment to only attack merchant ships carrying weapons after a warning (B)</p> Signup and view all the answers

What was the purpose of the National Defense Act of 1916?

<p>To prepare the US for potential involvement in World War I (C)</p> Signup and view all the answers

What was the main issue of the Election of 1916?

<p>Whether the US should enter/stay out of WWI (A)</p> Signup and view all the answers

What did Wilson ask both sides of WWI to state after he won reelection in December 1916?

<p>To state their aims regarding what they wanted in the war (B)</p> Signup and view all the answers

Which event finally prompted the US to enter World War I?

<p>The resumption of submarine warfare by Germany (C)</p> Signup and view all the answers

What was the main purpose of the War Industries Board during World War I?

<p>To convert the economy from peacetime to wartime production (C)</p> Signup and view all the answers

Which action did the Food Administration take during World War I?

<p>It encouraged Americans to ration food and plant victory gardens. (C)</p> Signup and view all the answers

What was the purpose of the Committee on Public Information (CPI) during World War I?

<p>To convince people to support the war effort (C)</p> Signup and view all the answers

Which of the following BEST describes the American military experience in World War I?

<p>The US military's late entry into the war resulted in fewer casualties compared to other major powers. (B)</p> Signup and view all the answers

What was the main idea behind Wilson's Fourteen Points?

<p>To establish a lasting peace through international cooperation and self-determination (B)</p> Signup and view all the answers

Why did Wilson face opposition in the US Senate to the Treaty of Versailles?

<p>The Senate believed the treaty would undermine US sovereignty. (B)</p> Signup and view all the answers

Which of the following BEST describes the results of WWI for the US?

<p>The US became a major world power (A)</p> Signup and view all the answers

What was the primary cause of labor strikes in the United States immediately after World War I?

<p>Workers demanding better pay and working conditions after wartime sacrifices (A)</p> Signup and view all the answers

What was the Red Scare following World War I?

<p>A widespread fear of communist and radical ideologies (D)</p> Signup and view all the answers

What was the significance of the Zimmerman Telegram?

<p>It proposed a military alliance between Germany and Mexico against the United States. (A)</p> Signup and view all the answers

Flashcards

Wilson's Foreign Policy

Wilson didn't want his administration to deal with it.

Wilson and Mexico

Dollar diplomacy was replaced with military interventions in Latin America.

Francisco Madero

He was overthrown by his chief of staff, Victoriano Huerta.

Huerta's Overthrower

Huerta was overthrown by Venustiano Carranza.

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Pancho Villa's Raids

Villa raided Texas and New Mexico to provoke U.S. intervention.

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Nationalism

The belief that your own country is superior to others.

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Militarism

The buildup of weapons and military forces.

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Triple Alliance

A defensive pact among Germany, Austria-Hungary, and Italy.

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Triple Entente

An alliance among Britain, Russia, and France.

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Franz Ferdinand

Heir to the Austro-Hungarian throne, his assassination sparked World War I.

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Ferdinand Assassination

Was committed June 28, 1914, an event that triggered WWI.

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U.S. Neutrality

U.S. policy at the start of WWI; remaining impartial.

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Lusitania

Germany sank this British passenger liner in 1915, killing 128 Americans.

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Arabic Pledge

Germany pledged not to sink passenger ships without warning.

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National Defense Act

Expanded the U.S. Army and National Guard.

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"He Kept Us Out of War"

Wilson's slogan during the Election of 1916.

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Zimmerman Telegram

Proposed Mexico ally with Germany against the U.S.

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War Industries Board

Managed the U.S. economy during WWI.

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Food Administration

Led by Herbert Hoover to conserve food during World War I.

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Committee on Public Information (CPI)

Convince Americans to support the war; led by George Creel.

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Fourteen Points

Proposed by Wilson for world peace after WWI.

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League of Nations

Aimed to guarantee independence and territorial integrity.

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Treaty of Brest-Litovsk

A peace treaty between Russia and Central Powers.

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Paris Peace Conference

The Big Four negotiated after WWI.

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War Guilt Clause

Germany had to accept blame for WWI.

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League of Nations Opposition

Lodge opposed it because it threatened U.S. sovereignty.

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Significance of 1920 Elections

Women started voting in Elections.

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Washington Conference

Agreements to limit naval construction.

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Smoot-Hawley Tariff

Raised tariffs on imports, resulting in a Global Tariff War.

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Stock Market Crash

Banks crashed and unemployment skyrocketed.

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Study Notes

President Wilson (1913)

  • Elected in 1913
  • Focused on domestic policy
  • Defeated Taft and Theodore Roosevelt
  • Background: professor and Governor of New Jersey (2 years)
  • A southerner and academician
  • Became president because Republican votes were split

Wilson and Mexico (SHI 931-933)

  • Attacked dollar diplomacy and wanted to improve relations with Latin America
  • Despite good intentions, Wilson and WJB sent military forces to Latin America more often than any other president
  • Argued for U.S. intervention to prevent Eastern countries from becoming imperialist
  • The Dominican Republic refused to sign a treaty granting the U.S. governance role, so Wilson sent troops, establishing military nations in both the DR and Haiti
  • New York Times criticized Wilson's interventions as "ten cent diplomacy"
  • Mexico revolted against Porfirio Diaz due to corruption
  • Fransisco Madero, the leader of the rebellion, was overthrown by his chief of staff, Victoriano Huerta, who established a dictatorship
  • Wilson refused to recognize Huerta's government, calling it "full of butchers," and blocked weapon shipments to the nation
  • Fransisco "Pancho" Villa tried to unseat Huerta
  • American sailors were arrested for buying supplies but were eventually apologized to
  • A U.S. admiral demanded a 21-gun salute to the U.S. flag, and when the salute was refused, Wilson sent troops
  • The city was occupied, resulting in American lives lost
  • Congress approved, stating “America’s honor was at stake.”
  • Holding Veracruz until Huerta was overthrown by Venustiano Carranza
  • Pancho Villa raided Texas and New Mexico to provoke U.S. intervention and burned down a town
  • Wilson sent a general to chase Villa in northern Mexico, comparing it to "chasing a rat through a cornfield"
  • Wilson then faced the bigger problems arising from the Massive War in Europe

Seven Causes of World War I

  • Nationalism: The belief that one's own country is superior to others
  • Antisemitism
  • Militarism: The build-up of weapons and standing armies, unlike armies only active during wartime
    • The American colonies disliked standing armies, like the redcoats in Boston
    • New weapons included better machine guns, poison gas, flamethrowers, tanks, and air support
    • Howitzers, called "big Bertha," were a type of artillery
  • Popular Press: Increased readership allowed for the spread of nationalism, antisemitism, and awareness of advancements in warfare
  • Imperialism: all major powers were participating in imperialism at this point in time
  • Zionism: The belief in the need for a homeland for the Jewish people in Palestine
  • Alliances:
    • Triple Alliance: Germany, Austria-Hungary, and Italy
      • Defensive alliance: If one member was attacked, the others would come to its defense
    • Triple Entente: Britain, Russia, and France
      • Despite secret alliances, the U.S. was not yet involved as it was in America.
    • Franz Josef :Emperor of Austria- Hungary
    • Franz Ferdinand (FF): Heir of Franz Josef
      • Was popular and promised local rule

The Black Hand and the Start of WWI

  • Nationalist Serbian group against Franz Ferdinand's plan
  • On June 28, 1914, Franz Ferdinand and his wife were killed by Gavrilo Princip, setting in motion the events that started World War I
  • On July 28, 1914, Austria-Hungary declared war on Serbia, using the assassination as justification due to them “breaking the treaty”
  • By August, the world was at war

American Neutrality

  • Initially, the U.S. maintained a policy of neutrality under President Woodrow Wilson
  • The American public felt it was "their war not ours" however this was difficult to execute given that many immigrants had family on both sides of the conflict
  • Economics, not war, drove the U.S. desire to trade with both sides
  • Britain blockaded sea routes to limit U.S. trade with the opposing sides, angering the U.S. due to the "freedom of the seas"
  • British declared the North Sea a war zone and mined the waters
  • Germany used submarine warfare in response to Britain's blockade
  • Germany declared a war zone around the entire British Isles, ordering submarines to stop, search, and sink ships without warning sometimes

1915: Key Events at Sea

  • Countries sometimes flew neutral flags to avoid being stopped, but their ships were eventually stopped, nonetheless, angering Americans
  • Falaba:
    • A British cargo ship sunk by a German submarine in the Irish Sea
    • Approximately 100 people were killed, including one American, Leon Thrasher
  • In May, a U.S. tanker was torpedoed, even though it flew a neutral flag
  • Secretary of State William James Bryan thought Americans "shouldn't be over there"

The Sinking of the Lusitania

  • The Lusitania was a British ship that was torpedoed by Germany in May 1915 in the Irish Sea, which was considered a war zone
  • The attack killed 1,198 people, including 128 Americans
  • The U.S. sent three Lusitania notes to Germany, warning against further action involving U.S. ships
  • Significant because it gave Americans second thoughts about getting involved in war
  • Germany responded by stating they would not sink anymore ships without warning but then went back on their word

Continued Submarine Warfare and Preparedness

  • Arabic:
    • A British liner sunk by Germans in August 1916, resulting in the loss of 40 passengers and crew, including two Americans
    • Germany issued the Arabic pledge as another compromise
    • Germany would only attack merchant ships, as they could be carrying guns and warfare materials
  • 1915: Preparedness Movement
    • An effort to prepare for war without actually entering it

National Defense Act

  • Legislation passed that expanded the army and National Guard and provided federal funding to train civilians, establishing ROTC programs

Sussex Pledge and the Election of 1916

  • Sussex:
    • In March 1916, a French passenger ferry was attacked by German, resulting in 80 casualties, including two Americans hurt
    • The Sussex pledge, similar to previous pledges, aimed to avoid U.S. involvement in the war
  • Election of 1916:
    • Democrat Wilson vs. Republican Charles E. Hughes
    • Wilson's slogan was "He kept us out of the war"
    • Wilson won the election narrowly, as Americans knew they were nearing wartime

Towards War

  • December 1916: Wilson asked both sides to state what they wanted in the war
  • January 1917: Wilson made a speech to the Senate, asserting the U.S.'s right to share in laying the foundation for peace
  • Wilson wanted "peace without victory" in that no big winners or losers would emerge from the war
  • Late January 1917: Germany resumed unrestricted submarine warfare, escalating the situation before the U.S. got involved
  • Laconia:
    • In February 1917, a British liner was sunk by at German submarine

The Zimmerman Telegram

  • Arthur Zimmerman, the German Foreign Minister, sent a coded letter to the German ambassador in Mexico
  • British spies intercepted and published the telegram
  • The letter urged Mexico to start conflict on their border so that the United States would be dissuaded from becoming involved in Europe
  • If Mexico aided Germany, it would regain Texas, New Mexico, etc.
  • The telegram was the final straw for the U.S., leading the country into WWI
  • US needed time to train and transport troops
  • The Selective Service Act was passed, drafting men aged 21-30, later changed to 18-45
  • Significance: Some historians believe the telegram was faked by the British to get the U.S. involved in the war
  • The U.S. mobilized its economy from peacetime to wartime, forming the War Industries Board, led by Barnard Baruch, to achieve this goal

Managing the Homefront

  • Food Administration:
    • Led by Herbert Hoover, its purpose was to save and ration food
    • Implemented Meatless Mondays, Wheatless Wednesdays, and promoted leftovers and victory gardens
  • US Treasury:
    • Sold war bonds to finance the war and encouraged people to buy them
  • Committee on Public Information (CPI):
    • Led by George Creel, it convinced people to support the war

American Involvement in WWI

  • Late June 1917: The first U.S. troops arrived in France for training
  • Over the course of the war, over 2 million Americans fought in Western Europe
  • The U.S. had around 100,000 military deaths, relatively low because they were only at war for a year

League to Enforce Peace

  • Founded in 1915 as a U.S. group promoting the idea of an international organization
  • To prevent future wars
  • May 1916: Woodrow Wilson endorsed U.S. participation in a speech to the group
  • Wilson reaffirmed his stance in a January 1917 speech to the Senate
  • He also addressed Congress in April 1917 relating to this topic
  • Inquiry:
    • A "Braintrust" formed in September 1917
    • To advise Woodrow Wilson on a postwar statement

Wilson's Fourteen Points

  • A plan presented by Woodrow Wilson in early 1918, written by a group of people who were involved with the economy
  • Members:
    • Bernard Baruch
    • Herbert Hoover
    • John Foster Dulles
  • The 14th point was a League of Nations
  • Wilson showed the points to Congress and believed he would lead the world because the U.S. was a world power

Fall 1918 Midterm Election

  • Wilson wanted Democratic control in Congress to approve his ideas, but Republicans were against this
  • Both houses went Republican

The Paris Peace Conference

  • Wilson announced he would personally attend the Paris Peace Conference, instead of sending the Secretary of State

  • He took no senators or prominent Republicans along

  • Key Figures:

    • Henry Cabot Lodge: a big senator and chairman of the committee that would have ratified the treaty who Wilson should have taken with him
  • Held in January 1919 and closed to reporters

  • Over 30 nations had delegates

  • Germany was excluded because they lost the war (and Austria wouldn’t have invaded Serbia if Germany didn’t back them, and they have a big army)

  • Russia wasn't invited due to the Russian Revolution

1917 Russian Revolution and the Treaty of Brest-Litovsk

  • Concluded in March 1918 between the new government of Russia and the Central Powers
  • Russia left the war because they were having turmoil at home

The Big Four

  • Led the conversation at the conference
  • Included:
    • France (Georges Clemenceau)
    • Britain (David Lloyd George)
    • Italy (Viitorio Orlands)
    • US (Woodrow Wilson)
  • Germany was to bide time until they were called

Treaty of Versailles (Early 1919)

  • Contained some points that Germany knew about but not all
  • Settlement with Germany involving a German delegation present at Versailles
  • Alsace-Lorraine was returned to France
  • Saar: a coal-rich area in West Germany, was governed under the League of Nations for 15 years, then a vote
  • New countries were created and the map of Europe was redrawn
  • Rhineland: the area between France and Germany along the Rhine river, was demilitarized for 15 years
  • German territorial losses extended to Poland and Denmark
  • The German army was limited to 100,000 troops with no tanks, submarines, or air force
  • Germany was required to pay $33 billion in reparations and accept blame for the war (War Guilt Clause)

German Reaction

  • The Germans were shocked at how different the treaty was from Wilson's Fourteen Points
  • Was not a peace treaty which caused resentment
  • French military leader quote: "not a peace treaty, it's a ceasefire for 20 years"

Facing the GOP at Home

  • H.C. Lodge was the head of the GOP and not opposed to a world organization but felt that the League of Nations threatened U.S. sovereignty
  • The U.S. should be able to say no to getting involved if we don't want to
  • Lodge did not like Wilson so make it hard for WW

Two groups:

  • Irreconcilables: opposed to the League of Nations in any form
  • Progressives from the West: would not vote for the treaty
  • Reservationist: would support if some changes made to treaty
  • Most Americans favored League of Nations membership WITH Lodge reservations
  • Wilson was against the changes

Wilson's Tour and Stroke

  • Wilson began a nationwide tour to promote the League of Nations, which was exhausting
  • He made so many speeches that he collapsed in Pueblo Colorado
  • Back in D.C., his tour was called off
  • In October 1919, Wilson had a stroke
    • Constitutional Issue: What happens when the president is there physically but not mentally?
    • Wilson stayed president for a year, not wanting the VP to be in charge because they disagreed on issues
    • "unofficial president" became Mrs. Wilson (Edith Galt), who took over parts of the president's duties
    • People wondered how much power she had
  • Lodge pushed for minor reservations to the treaty, but Wilson was against
  • The senate failed to ratify the treaty, so the U.S. did not join the League of Nations
  • Because the U.S. didn't ratify the treaty, it was technically still at war with Germany, but the League of Nations went on
  • Wilson received the 1919 Nobel Peace Prize for his efforts
  • The U.S. emerged as a major world power but was not in the League of Nations

Postwar America

  • A return to civilian life with GOP controlled national affairs
  • Labor problems included a 20 percent workforce on strike in 1919 to receive what was due to them, as they were patriotic during the war
  • A September 1919 Boston Police Strike was shut down by Gov. Calvin Coolidge, declaring that no one has the right to strike against public safety
  • 1940s law: the law can now be made to mediate
  • 1980s air traffic controllers went on strike during Ronald Reagan: led to weakening of organized labor

The Red Scare

  • Shows very little communist in US (1 out of 10 of 1 percent) in US 1919/1920 but people thought to be everywhere
  • Scared of radicals wanting violent change fast, anarchists undermine constitution, communist
  • There were rumors of radical assassinations of public officials and bombing across the nation lead people to believe automatically communists

A Mitchell Palmer and the Palmer Raids

  • Attorney General who was very strict on potential communists after his house was bombed
  • Ordered agents in the Justice Department to round up hundreds of possible communist suspects
  • The Palmer raids involved many deportations
  • J. Edgar played a role in 2011?

1920 Election

  • Third term for WW was considered as possible in that time period
  • The League of Nations and the 14 points were not ratified
  • GOP had no clear candidate
  • Blackstone Hotel:
    • Secret room used like a speakeasy where in the Summer of 1920 they got together
  • They decided to name Harding as the presidential candidate because he didn’t have secrets that others could use against him.
  • Senator Warren G. Harding won

Warren G. Harding

  • Was 24, Nervous breakdown
  • Went to sanitarium (rehab center), for this but never brought it up and ppl wondered if he lied when he said he didn't have secrets
  • Wife known as "the duchess” - not happy marriage, he liked to hang out a lot with his friend
  • Carrie Phillips - 15 years on and off
  • him and the duchess would go on trips with carrie and her husband, apparently they would go off together on these trips
  • 1920 RNC - They paid for carrie and husband a trip to Japan - Made sure no problems came up during election
  • Nan Britton
  • She had a HS crush on Harding in 1910
  • Asked Harding for assistance to get job as secretary, and after got pregnant

Scandals During Harding’s Era

  • Rumor that Harding family had mixed race blood
  • Democrats think this will be a landslide
  • James Cox - For VP he chose Franklin Roosevelt
  • Harding - Running by saying If you elect me the there will be normalcy
  • Harding wins with 61%, some people said women voted for him bc he was attractive

Harding's Qualities

  • personable but not very sharp but Surrounded himself with able men so ppl didn't care
  • Similar example? - George W Bush
  • GW Bush qualities:
    • not very smart, personable
    • Found people who were very sharp so ppl didn't care
  • Harding's team:
    • Harry Daugherty
    • Albert fall
    • Charles Evans Hughes
    • Andrew Mellon
  • Under Harding: - They formally concluded to WWI because they had to formally end it
  • They Technically didn't sign the treaty
  • Signed on his golf course - it turns out to be the decleration of end of war
  • Arms limitations- 1921/1922 Washington Conference
  • Fordney - mcCumber Tarriffs - Raised the Tarriff Charles Forbes
  • Was head of Veterans Beaurau
  • Stole millions of dollars from veterans bureau
  • Harding didn’t know about the corruption

Scandals Continue

  • Harry Daugherty
    • prosecutor, bribes caught people breaking - prohibition - Wasn't prosecuting
  • Sec. of Interior
  • Teapot Dome, Wyoming -Leased oil reserve lands to private oil operators- - his whole job to protect hands but he is letting reserve lands be drilled
  • main point: looks bad for haring
  • Took a trip in out west in Aug 1923
    • He Brought the Duchess w him
      • Bad health
  • Alaska - Significance*** first time president had been to Alaska since it was a territory
  • August 3 spoke
  • August 2 in hotel before he was talking to the duchess
    • She is reading a nice report to me and then she left the room -Harding dies, She didn't want autopsy

Harding's Death

  • Maybe she knew about carrie Phillips, Nan Britton, and was mad about it
  • After death .... Nan Britton returns and wants money Had a affair and wanted money or threatened to release all scandal he recently had DNA testing proved that the daughter was actually his daughter
  • Calvin Coolidge -VP under Harding

Calvin Coolidge Takes Office

Belief’s

  • limited federal government less pending
    • pushed WGH scandals -Was known for his use of the veto
  • Election of 1924 -RNC was first national party convention to be hard on radio -“Keep Cool with Coolidge" -opposed gvm interference with private business -Solid South voted democratic Coolidge Prosperity
  • wages up, income up, inflation low, unemployment low, roaring 20s Was 1920- 1921, strong coming from east and north Europe and Issues or Fears
  • Was 1921 Immigration Act
    • restrictions on immigrants
  • 1927 said he wouldn't run
  • Was 1928 Election -Gov Al Smith (ny)- Democrat

Immigration and Nativism

  • From 1920-1921 65% of immigrants came from E and S Europe
  • 1921 Immigration Act restrictions that Looked at 1910 and 3% of the number here in 1910 census allowed in: They are scared of communism and red scare and they thought those countries would bring it
  • 1924 Changed to 1890 2%: nativism very strong in 1920s Veterans Bonus in 1924
  • WW1

Nativism to the 1920’s Immigration Policy and Legislation

  • the klan rose

  • They wanted american born/ native born

  • There was opposition to spending for the “vets.” -Coolidges decision to not run opened door for Herbert Hoover, Sec. of Commerce

  • Gov Al Smith was a democrat to run

    • “Happy Warrior” -Hoover won

1928 Election

  • Al Smith opposed prohibition

  • south is upset because they wanted to get rid of alcohol and that went against their religion.

  • Had ties to Tammany Hall Hoover - rugged individualism pullyourself up for your own bootstraps “A Chicken in Every Pot and a Car in Every Garage" - slogan he used if they relected them Hoover wanted eradication to poverty Tariffs in 1930 increase for tariffs and industrial tariff to add agriculture/farmer and that tariffs should be high (Hoover) Agricultures

  • money to aid farmers

Hawley- Smoot

tar riff increased tariff on farm products and industrial products from foreign places, so economist tell him not to sign the bill, but he did and the reslult was a global tariff wars Speculation

  • Stocks and land in Florida people had DI margin

The Great Depression

  • 3 signs of the the great depression 1 start 2 the sales sales are going down 3 inventory were not buying the product 1929 prices began to down
  • Brokers were optimistic Oct 22 stated banks no problem - but the opppsite

Tuesday

  • cause overproduction - underproduction 3. poor funncial decision

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