Friday, March 1, 2013

Notes From Text

Big Business Triumphant:
Electric power helped manufacturers give new metal eitheroys such as aluminum and synthetic substance materials such as rayon.

Congress reduced taxes on corporations and affluent individuals in 1921 and the next year raised tariff evaluate in the Fordney-McCumber Tariff Act.

Maple Floor Assoc. v. US -- decided that sight assoc. that distributed antiunion information were not acting in restraint of trade.

political relation and Government:
A symbol of govts goodw tribulation toward business was chairwoman Warren G. Harding-- appointed Sec. of State Charles Evans Hughes, Sec. of Commerce Herbert Hoover, Sec of the exchequer Andrew Mellon, and Sec. of Agriculture Henry C. Wallace.

Hardings admission helped streamline federal disbursement with the Budget and Accounting Act of 1921-- supported antilynching legislation and O.K. bills assisting farm cooperatives and liberalizing farm credit.

Charles Forbes of the Veterans Bureau went to federal prison for dupery and bribery w/ govt contracts.

Gen. Harry Daugherty-- bribery and other dishonest schemes.

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Albert Fall had accepted bribes to lease vegetable oil-rich govt property to private oil companies -- this affair was called the Teapot Dome scandal after Wyoming oil stockpile that had been turned over to Mammoth Oil Company-- fined $100,00 and year in jail

Vice Pres. Calvin Coolidge -- Hardings successor ( on speaking tour became ill + died)

Coolidges administration reduced govt debt, lowered income-tax rates, and began construction of a internal highway frame.

staple crops-- the McNary-Haugen Bills -- establish a complex system whereby the govt would buy surplus farm products and either hold them until prices locomote or sell them abroad.

Coolidge prosperity was the decisive issue in the presidential election --- Coolidge beat Davis

Dawes Act of 1887-- conferred citizenship on all Indians who accepted allotments of land but no on those who remained on the reservations.

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