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Warren G. Harding's presidency in the 1920s marked a shift towards pro-business policies, deregulation, and economic growth in the U.S. His administration focused on stimulating the economy, reducing government intervention, and supporting technological innovation. Harding's foreign policy favored isolationism, concluding World War I involvement and reassessing Latin American engagements. Despite achievements in disarmament and tax reforms, his tenure was marred by the Teapot Dome scandal.
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Harding's presidency favored a pro-business approach that aimed to stimulate economic growth and reduce government intervention in the economy
Federal Highway Act of 1921
The Federal Highway Act of 1921 provided federal funding for road construction, which supported the expansion of the automobile industry
Harding enacted tax reforms, including lowering income tax rates and eliminating the excess profits tax, to combat the post-war economic slump
Harding's policies reflected a growing sentiment of isolationism, focusing on America's internal affairs and economic recovery
Knox-Porter Resolution
Harding's administration passed the Knox-Porter Resolution, officially ending U.S. involvement in World War I and rejecting the League of Nations
Reduction of U.S. Military Presence
Harding reduced the U.S. military presence in Latin America, although maintaining involvement in strategic countries like Nicaragua, Haiti, and the Dominican Republic
Thomson-Urrutia Treaty
Harding's administration signed the Thomson-Urrutia Treaty with Colombia, seeking to mend relations after the U.S. involvement in Panama's separation from Colombia
Tax Reforms
Harding's administration enacted tax reforms, including lowering income tax rates and eliminating the excess profits tax, to combat the post-war economic slump
Infrastructure Projects
Harding's administration recognized the transformative potential of new technologies and provided federal funding for road construction to support the expansion of the automobile industry
Labor Relations Improvements
Harding's administration saw improvements in labor relations, including the appointment of four Supreme Court Justices
Teapot Dome Affair
The Teapot Dome affair, involving the secret leasing of federal oil reserves, led to the first conviction of a U.S. cabinet official for a felony