Chapter 32 13 Themes

Chapter 32

The Politics of Boom and Bust

Big ideas matter. Here are the most important themes for this chapter.

The over-arching theme of chapter 32 is that 20s politics were a time of corruption and business running wild, kind of a throwback to the Gilded Age of the late 1800s.

  1. President Harding had several scandals underneath him, notably the Teapot Dome Scandal over oil.
  2. America entered into policies of “isolationism” whereby the U.S. just wanted to look after itself and leave Europe alone.
  3. Coolidge was very pro-business, following a “hands-off” approach by government.
  4. Hoover held the same ideas with his “rugged individualism” phrase. When the Stock Crash hit and Great Depression started, Hoover was very reluctant and slow to take government action.

Back to the themes index.

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