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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.

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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.


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.


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.

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