Domestic Political Conservatism And Economic Prosperity Of The 1920s

. Analyze the domestic political conservatism and economic prosperity of the 1920s.

Answer: Commonly described as a great man but a weak president, Warren G. Harding was the perfect representation of an old-fashioned politician with old-fashioned conservative values in his promise of “normalcy” following WWI. In other words, under his Republican administration, most of the policies he carried out of the in the 1920s were active, pro-business policies, while undermining much of the progressive legacy by neglect to acknowledge any of them so that America could return to its own self. The Conservatives of the 1920’s also hoped to further expand the laissez-faire capitalism. A prime example of this ideal the Supreme Court, where Warren G. Harding

Men sympathetic to the railroads headed this Commission.

2. Explain the Republican administrations’ policies of isolationism, disarmament, and high-tariff

Protectionism.

Answer: Wartime government controls disappeared such as this wartime regulatory body and Washington returned control of the railroads to private hands by the Esch-Cummins Transportation Act of 1920. This Act of 1920 authorized the Shipping Board, which controlled about 1,500 vessels, to get rid of a lot of ships at bargain prices, thus reducing the size of the navy. The Merchant Marine Act of 1920. Labor lost much of its power, as a strike was ruthlessly broken in 1919, and the Merchant Marine Act of 1920 ordered a wage cut of 12% in 1922. Labor membership shrank by 30% from 1920 to 1930. The Railway Labor Board was created in 1921 to operate hospitals and provide vocational rehabilitation for the disabled. They were the nonbusiness group that realized the most significant, lasting gains from WWI. Many veterans wanted monetary compensation promised to them for their services in the war. The Veteran's Bureau Act gave every former soldier a paid-up insurance policy due in 20 years. It was passed by Congress twice

Critics noted that he could feed millions in foreign countries but not millions at home in America. Hoover did not believe in government tampering with the economic machine and thus moving away from laissez-faire, he felt that depressions like this were simply parts of the natural economic process, which was called the business cycle. However, by the end of his term, he had started to take steps for the government to help the people. Finally, Hoover voted to withdraw $2.25 billion to start projects to alleviate the suffering of the depression. This project on the Colorado River was one such example, The Muscle Shoals Bill, which was designed to build a dam on this river and was ultimately embraced by this authority, but was vetoed by Hoover. Tennessee / Tennessee Valley Authority Early in 1932, Congress, responding to Hoover's appeal, established this Corporation, which became a government lending bank. This was a large step for Hoover away from laissez-faire policies and toward policies the Democrats (FDR) would employ later. However, this is what benefited most from the RFC, (The Reconstruction Finance Corporation), and the RFC was another one of the targets of Hoover's critics. giant corporations In 1932, Congress passed the Norris-Laguardia