A comprehensive bill passed to protect domestic production from foreign competitors. As a direct result, many European nations were spurred to increase their own trade barriers.
An arrangement negotiated in 1924 to reschedule German reparations payments. It stabilized the German currency and opened the way for further American private loans to Germany.
This act established the Federal Farm Board, a lending bureau for hard-pressed farmers. The act also aimed to help farmers help themselves through new producers' cooperatives. As the depression worsened in 1930, the Board tried to bolster falling prices by buying up surpluses, but it was unable to cope with the flood of farm produce to market.
The dark, panicky day of October 29, 1929 when over 16,410,000 shares of stock were sold on Wall Street. It was a trigger that helped bring on the Great Depression.
The highest protective tariff in the peacetime history of the United States, passed as a result of good old-fashioned horse trading. To the outside world, it smacked of ugly economic warfare.
A government lending agency established under the Hoover administration in order to assist insurance companies, banks, agricultural organizations, railroads, and local governments. It was a precursor to later agencies that grew out of the New Deal and symbolized a recognition by the Republicans that some federal action was required to address the Great Depression.
Agreement coming out of the Washington "Disarmament" Conference of 1921-1922 that pledged Britain, France, Italy, Japan, the United States, China, the Netherlands, Portugal, and Belgium to abide by the Open Door Policy in China. The Five-Power Naval Treaty on ship ratios and the Four-Power Treaty to preserve the status quo in the Pacific also came out of the conference.
A sentimental triumph of the 1920s peace movement, this 1928 pact linked sixty-two nations in the supposed "outlawry of war".
Officially known as the Bonus Expeditionary Force (BEF), this rag-tag group of 20,000 veterans marched on Washington to demand immediate payment of bonuses earned during World War I. General Douglas MacArthur dispersed them with tear gas and bayonets
A landmark Supreme Court decision reversing the ruling in Muller v. Oregan, which had declared women to be deserving of special protection in the workplace.
This law that banned "yellow-dog," or anti-union, work contracts and forbade federal courts from issuing injunctions to quash strikes and boycotts. It was an early piece of labor-friendly federal legislation.
A tawdry affair involving the illegal lease of priceless naval oil reserves in Teapot Dome, Wyoming and Elk Hills, California. The scandal, which implicated President Harding's Secretary of the Interior, was one of several that gave his administration a reputation for corruption.
A farm-relief bill that was championed throughout the 1920s and aimed to keep agricultural prices high by authorizing the government to buy up surpluses and sell them abroad. Congress twice passed the bill, but President Calvin Coolidge vetoed it in 1927 and 1928.