Chapter 32: Part F

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

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