THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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soliciting bribes for favors
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ordering warrantless seizures
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aiding communist interests
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suppressing freedom of speech
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Detailed explanation-1: -From 1921 to 1923, President Harding’s Secretary of the Interior, Albert Fall, allowed private oil companies to use the federal Navy petroleum reserves at Teapot Dome in Wyoming in exchange for money.
Detailed explanation-2: -During the Harding administration, several members of the Ohio Gang became involved in financial scandals. These included the Teapot Dome scandal and apparent malfeasance at the U.S. Department of Justice, some of which ended in prison terms and a suicide.
Detailed explanation-3: -Definition: The Teapot Dome Scandal involved Secretary of the Interior Albert Fall, who accepted large sums of money and valuable gifts from private oil companies. In exchange, Fall allowed the companies to control government oil reserves in Elk Hills, California, and Teapot Dome, Wyoming.
Detailed explanation-4: -What were the effects of the Teapot Dome Scandal on citizens views of the federal government?-Citizens lost faith in the federal government because of the scandals, while Harding was president.-His successor Calvin Coolidge was looked at as a welcome change.
Detailed explanation-5: -What did Warren Harding mean by his campaign phrase, “normalcy"? a return to the prosperity of pre-World War I. What economic model did Warren Harding support as president? free enterprise system.