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Chapter 32: Part F

Republican probusiness policies
Weakened labor unions and prevented the enforcement of progressive antitrust legislation
American concern about the arms race and the danger of war
Led to the successful Washington Disarmament Conference and the Five Power Naval Agreement of 1922
The high-tariff Fordney-McCumber Law of 1922
Sustained American prosperity but pushed Europe into economic protectionism and turmoil
The loose moral atmosphere of Harding’s Washington
Encouraged numerous federal officials to engage in corrupt dealings
The improved farm efficiency and production of the 1920s
Drove crop prices down and created a rural economic depression
America’s demand for complete repayment of the Allies’ war debt
Aroused British and French anger and toughened their demands for German war reparations
Hoovers media campaign and Smith’s political liabilities
Led to a Republican landslide in the election of 1928
The stock-market crash
Plunged the United States into the worst economic depression in its history
Domestic overexpansion of production and dried-up international trade
Helped cause the stock-market crash and deepen the Great Depression
Hoover’s limited efforts at federally sponsored relief and recovery
Failed to end the depression but did prevent more serious economic suffering

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