The Great Depression

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The three Republican Presidents were Harding, Coolidge, and Hoover. They followed a policy of laissez faire, which meant limited government interference in economic affairs and State matters.

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Wilson lost charisma and glory after the Paris Peace Conference because he failed to persuade the American Senate to approve the United States joining the League of Nations. He was also struck by para…

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Harding wanted the United States to return to pre-War stability and isolation. The idea was that the Federal government should remain inactive and the country should focus on peace and consolidation a…

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Harding called the Washington Conference in 1921. America, England, and Japan agreed to reduce ships in the Pacific in the ratio of 5-5-3. It was an important attempt to manage naval competition in th…

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Laissez faire means a policy of limited government interference in economic and State affairs. Harding, Coolidge, and Hoover followed this approach, trusting private business and avoiding strong state…

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The United States enjoyed great prosperity before 1929. Industry flourished, banks had large amounts of capital, and America became a major banker and creditor in the world economy.

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The great boom changed American life in many ways. Skyscrapers grew, electricity made life easier, electronic goods became common, cinema became popular, and women's emancipation became a visible soci…

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In 1919 there were 6 million cars in the United States, and by 1929 the number had risen to 29 million. This shows the rapid growth of industry and consumer life during the boom period.