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The New Era: politics & economy (Economy: triumph of big business…
The New Era: politics & economy
Economy: triumph of big business
From recession to recovery
Electric energy
Automobiles
Economic expansion
New lobbying
Expansion abroad
Fordney-McCumber Tariff 1922
Smoot-Hawley Tariff 1930
Difficulties
Unequal prosperity (North / South; unskilled; ethnic minorities; gender) & Farmers
Labor Unions
High wages
Ill-suited to mass-production factories
Linked to communism
"Yellow-dog contracts"
"Welfare capitalism"
No black membership
Politics: Republican White House
Harding "return to normalcy"
Election of 1920
Business growth
Scandals
Teapot Dome
Coolidge's prosperity
Tax cuts for the wealthy
End of government assistance
Mississippi River floods 1927
McNary-Haugen Bill (farmers)