1 Jan 1920 Jahr - Harding elected

Beschreibung:

The postwar conservative turn was particularly evident in electoral politics. With President Woodrow Wilson ailing from a stroke, Democrats nominated Ohio governor James M. Cox for president in 1920, on a platform of U.S. participation in the League of Nations and a continuation of Wilson’s progressivism. Republicans, led by their probusiness wing, tapped genial Ohio senator Warren G. Harding. In a dig at Wilson’s idealism, Harding promised “not nostrums but normalcy,” meaning a return to prewar life and prosperity. On election day, he won in a landslide, beginning an era of Republican political dominance that lasted until 1932.

Much like dollar diplomacy, Harding’s domestic policy favored business. His most energetic appointee was Secretary of Commerce Herbert Hoover, already celebrated for his work as head of the wartime Food Administration. Under Hoover’s direction, the Commerce Department helped create two thousand trade associations representing companies in almost every major industry. Government officials worked closely with the associations, providing statistical research, suggesting industry-wide standards, and promoting stable prices and wages. Hoover hoped that through voluntary business cooperation with government — an associated state — he could achieve what progressives had sought via regulation.

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