HIST 2057 Chapter : History 2057 Textbook Chapter 27
Document Summary
By 1920, the progressive political coalition that elected teddy roosevelt in 19014 and reelected. The republican candidate would be warren g. harding, who was a great change from woodrow. Wilson (who the american people had grown tired of). He promised a return to normalcy. james cox won the democratic vote for candidate. Franklin roosevelt was named the vice presidential democratic candidate. The harding administration established a pro-business tone reminiscent of the mckinley white. Government spending was reduced and taxes were lowered to generate economic growth. Many tax cuts were made at the time secretary of the treasury, mellon, against congress"s urging not to. Mellon did manage to balance the federal budget and lower the national debt. He extended the duties to agricultural imports as well, to please the farmers. Mellon insisted that the european countries repay all that they had borrowed from the u. s at the time of the war, however, because of the high tariffs on imports,
