• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

In 1920 Warren G Harding took over the presidency from Woodrow Wilson, who had served his eight years in office - As president, he brought in many of his friends and gave them important jobs.

Extracts from this document...

Introduction

History GCSE Coursework Qu.1) In 1920 Warren G Harding took over the presidency from Woodrow Wilson, who had served his eight years in office. As president, he brought in many of his friends and gave them important jobs. They were known as the Ohio Gang. However, they did anything but work. The gang used to meet in the white house and do what Harding liked best, drinking whisky and gambling. These scandals were covered up, as the Attorney General was a member of the Ohio Gang. Harding's first presidential task was to move the government away from wartime emergency conditions, and he did this successfully. In other areas he stepped up federal hiring during an employment slump and set up a bureau of the budget. He also agreed with the Great Powers to limit their capital ship tonnage in fixed ratios. Harding also acted forcefully in the movement to limit the long hours of labour that previously had prevailed in the American steel industry. Warren Harding's naivety though aided the corruption of his friends. It was thought at the time that was aware of the many deals that his gang made, but later research has suggested otherwise. One of the main corrupt deals, which the Ohio Gang was involved with, was the "The Teapot Dome Scandal". Secretary of the Interior Albert B. ...read more.

Middle

Goods such as; washing machines, refrigerators, vacuum cleaners and radios were so sort after that businesses built new factories and renovated existing ones. The new businesses meant new jobs, creating opportunities for more people. The new jobs meant that people had more money to spend, so the demand for products increased again, therefore once again infiltrating the economic boom. With more jobs and more money available, people could afford to buy the new goods. The demand for products was so great that prices for consumer goods were steady, and in some cases dropping. The main reason for prices to fall was because of Henry Ford's idea of assembly line techniques. This meant that because of mass production companies were able to increase the amount of consumer goods, in this case cars, and therefore make goods more cheaply. During the 1920s America had three presidents who had different approaches to the economic system. All three agreed that the government should pay as little part in economic life as possible, and give business what it wanted. One president famously said, "The business of America is business." It was believed by businessman that if taxes were low people would have more money to save. These investments would aid the expansion of industry. Throughout the 1920s taxes were cut, time after time. The economic boom was aided by the easily available credit. ...read more.

Conclusion

The United States had emerged from the war as the major financier of Europe, whose national economies had been greatly weakened by the war itself, by war debts, and, in the case of Germany and other defeated countries, by the need to pay war reparations. So once the American economy slumped and the flow of American money to Europe dried up, the quality of people's lives tended to deteriorate as well. The Depression hit hardest those nations that most deeply relied on the America, Germany and Great Britain. In Germany, unemployment rose sharply in late 1929, and by early 1932 it had reached 6 million workers. Britain was less affected, but its industries remained seriously depressed until World War II. Despite the new government 1n 1932, mass unemployment and economic stagnation continued, though on a somewhat reduced scale, with about 15 percent of the work force still unemployed in 1939 at the outbreak of World War II. After that, unemployment dropped rapidly as American factories were flooded with orders from overseas for arsenal. The depression ended completely soon after the United States' entry into World War II in 1941. In Germany the crisis contributed to Adolf Hitler's rise to power in 1933. The Nazis' propaganda and rapidly expanding army ended the Depression in around 1936. At least in part, the Great Depression was caused by the weakness in economy that had been overlooked because of the economic boom. 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE USA 1919-1941 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE USA 1919-1941 essays

  1. To what extent did America roar in the 1920s?

    People were earning more money and so they invested this extra money into the stock market. In 1920 there had only been 4 million share owners in America but by 1929 there were 20 million out of a population of 120 million.

  2. The crash (causes and consequences of the Wall Street Crash)

    Left to itself, the economy would run itself to the benefit of everyone. This theory fits in with the American belief in individual freedom and meant that in 1929 there was no need to do anything because in time, market forces would bring about recovery.

  1. The Wall Street crash, the great depression and its how it affected the lives ...

    According to one historian, Henry Steel Commager, "The orchards were heavy with fruit and granaries were bursting with grain. Yet people were starving." The middle classes also suffered a lot during this time because they were so unaccustomed to living on the poverty line or below.

  2. The United States 1919 - 1941, The Wall Street Crash

    most out of everyone as it describes the horrible conditions of the working classes during the Depression. It shows that the workers lost their homes and jobs and were dying due to starvation and hunger desperately trying to get employed, which is quite true.

  1. 1920's America enjoyed such a prosperity that it became known as 'an age of ...

    He was a strong believer in the free market, and also believed that in order for profit to continue to increase, the rich must continue to make money, to continue to invest in the marketplace. Industrial expansion meant more job opportunities, thus allowing the poor more money also.

  2. Cuban Missile Crisis

    Source C is an extract from the book "13 days" written by Robert Kennedy in 1968. Source C is showing Robert Kennedy's account of what happened from the 16th October and onwards to do with the missiles. The source is useful to a historian studying the Cuban Missile Crisis because

  1. USA and the Prohibiton law - 1920

    Sources G and H were produced by the Federal Government agents enforcing prohibition, and the City of Philadelphia Police Department. This means the sources may have been altered, as police and Prohibition agents were often crooked, nonetheless they would have been altered to show the Police as more efficient than

  2. To what extent did all Americans benefit from the economic improvements which took place ...

    Cars needed to be repaired and serviced. Millions of families could now travel long distances and takes holidays. Although the motor car brought all of these benefits, it also brought negative effects. The car was a hazard to the environment because it caused traffic and air pollution.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work