The Coolidge Administration
His policies, enacted in the Revenue Acts of 1924, 1926, and 1928,
reduced the national debt and aided business and consumption by cutting federal taxes
.
How did the automobile and airplane industries affect American life in the 1920s quizlet?
How did the automobile and airplane industries affect American life in the 1920s?
They Led the urban sprawl as cities spread in all directions
. They allowed passengers to travel across the Atlantic Ocean. They provided in economic base for some cities where manufacturing took place.
Why did the Coolidge administration increase tariffs on imports?
Using powers delegated to him by the 1922 Fordney–McCumber Tariff, Coolidge kept tariff rates high in order to protect American manufacturing. He blocked passage of the McNary–Haugen Farm Relief Bill, which would have involved the federal government in the persistent farm crisis that affected many rural communities.
What was the fordney McCumber tariff quizlet?
Terms in this set (5)
What was the Fordney McCumber tariff?
America adopted this which raised taxes on U.S. Imports to 60%
. … Those countries then payed the United States. Thus, the United States arranged to be payed with its own money.
Why was much of the prosperity of the 1920s more superficial than real quizlet?
Taxes on wealthy Americans and businesses were reduced. Why was much of the prosperity of the 1920s more superficial than real?
Many people were living beyond their means
. … Americans were unable to buy European goods during this time.
Generally, groups such
as farmers, black Americans, immigrants and the older industries
did not enjoy the prosperity of the “Roaring Twenties”.
Why did radio become the most powerful communications/media to emerge in the 1920s?
Why did radio become the most powerful communications media to emerge in the 1920s?
It created a shared national experience of hearing the news as it happened.
What was the largest cultural split in 1920s America?
What was the largest cultural split in 1920s America?
Most higher-paying jobs in the cities required a formal education
. Why was formal education more important for urban Americans than rural Americans? religion and science.
What was Harding economic policy?
Upon taking office, Harding instituted conservative policies designed to minimize the government’s role in the economy. Secretary of the Treasury Andrew Mellon won passage of the Revenue Act of 1921, a major tax cut that primarily reduced taxes on the wealthy.
What was the result of the Fordney McCumber tariff?
One unintended consequence of the Fordney-McCumber tariff was that it made it more difficult for European nations to export to the United States and so earn dollars to service their war debts.
What was one economic impact of the emergency tariff of 1921 quizlet?
Effect of the Emergency Tariff Act? This act
discouraged Americans from buying Europe’s goods and buying Americans instead as it was cheaper (no tariffs on it)
which made the American economy better. But it also made Europe make their own tariffs which made Americans exports less profitable.
What was the impact of the Fordney McCumber tariff of 1922 quizlet?
It raised the tariff to 60%, becoming
the nation’s highest protective tariff during peacetime
. The tariff deepened the depression that had already begun in America and other nations, and it increased international financial chaos. You just studied 10 terms!
What were the signs of superficial prosperity during the 1920s?
Superficial prosperity of the 1920’s was a period of time when families were relying on
credit to buy items which they could not really afford
. People believed that by buying these items, it would strengthen the economy of the America.
What became popular in the 1920s causing a need for more electricity?
Electricity gave people more things to do because there were new forms of entertainment that were powered by electricity. The best known of these were
radios and movies
. The 1920s were a time when people were doing more things for fun than they ever had before.
Why was much of the prosperity of the 1920s more superficial in real?
Why was much of the prosperity of the 1920s more superficial than real?
Many people were living beyond their means
. Many people were becoming wealthier in the stock market. … With easy money available to investors, the unrestrained buying and selling fueled the market’s upward spiral.
