The Great Depression

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About what happened during the great depression.

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  • President Warren G. Harding election heralded a new age of political and economic conservatism.
  • The Republican Congress passed the Ersh-Cummins Transportation Act in 1920 railroads return to private control.
  • Congress passed the 1922 Fordney McCumber Tariff, raised the average protective tariff rate to nearly 40%.
  • The United States signed the Five-Power Naval Treaty.
  • Herbert Hoover, Coolidge's policy was to sweep away the remnants and reward to business.
  • Calvin Coolidge was elected president in 1924 and then in 1928 he declined to run again.
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