Chapter 17 - Section 1 - The Jazz Age

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supply-side economics
Economic theory that lower taxes will boost the economy as businesses and individuals invest their money, thereby creating higher tax revenue
cooperative individualism
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
isolationism
A national policy of avoiding involvement in world affairs
investigation
A systematic examination or official inquiry
revelation
The act of making something known
Teapot Dome
* 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
Charles G. Dawes
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.
diplomat
A person appointed by a national government to conduct official negotiations and maintain political, economic, and social relations with another country or countries
Charles Evan Hughes
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)
Kellogg-Briand Pact
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
immunity
Freedom from prosecution (from being convicted or tried for a crime)
Ohio Gang
Friends of President Harding
return to normalcy
President Harding's campaign slogan
Washington Conference
A discussion of disarmament (downsizing or reducing weapons) between United States and representatives from eight countries