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supply-side economics
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Economic theory that lower taxes will boost the economy as businesses and individuals invest their money, thereby creating higher tax revenue
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cooperative individualism
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President Hoover's policy of encouraging manufacturers and distributors to form their own organizations and volunteer information to the federal government in an effort to stimulate the economy
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isolationism
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A national policy of avoiding involvement in world affairs
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investigation
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A systematic examination or official inquiry
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revelation
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The act of making something known
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Teapot Dome
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* most famous scandal during Harding's administration
* Albert B. Fall, Secretary of the Interior, secretly leased land of the U.S. Navy oil reserves to private oil companies in exchange for cash gifts (bribes).
* Oil reserves were located in Teapot Dome, Wyoming, and Elk Hills, California
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Charles G. Dawes
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American diplomat who made an agreement with France, Britain, and Germany: American banks would make loans to Germany that would allow them to make reparations payments. In exchange, Britain and France would accept less in reparations and pay back more on their war debts.
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diplomat
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A person appointed by a national government to conduct official negotiations and maintain political, economic, and social relations with another country or countries
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Charles Evan Hughes
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Secretary of State who proposed a 10-year moratorium (halt) on the construction of new warships; also proposed a list of warships to each country's navy to be destroyed (beginning with some American battleships)
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Kellogg-Briand Pact
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A treaty proposed by U.S. Secretary of State Frank Kellogg and French Foregin Minister Aristide Briand to outlaw war and settle all disputes peacefully
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immunity
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Freedom from prosecution (from being convicted or tried for a crime)
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Ohio Gang
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Friends of President Harding
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return to normalcy
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President Harding's campaign slogan
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Washington Conference
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A discussion of disarmament (downsizing or reducing weapons) between United States and representatives from eight countries
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