- Formal rejection of Treaty of Versailles and the League of Nations in 1920
- Harding was elected with majority of seven million votes with a promise of a ‘return to
normalcy” meaning a removal of wartime restrictions and increased government control
- His inaugural speech reaffirmed pledges of early presidents “we do not mean to be
entangled”
- Knox Porter Resolution, 1921 officially ended US involvement in World War One
Isolationist Not Isolationist
- After the Paris Peace Conference - Hughes and the Secretary of
the US called in all wartime loans Commerce, Herbert Hoover hoped
from the allies. They were to encourage the development of
unsympathetic to France, Britain’s European countries.
and Belgium’s protests. - Popular with US businessmen who
- US introduced protective tariffs in saw opportunities for investment
1921 and 1922 as US farmers were abroad.
suffering from the effects of - Also increased the ability of debtor
peacetime as Europe could produce nations to repay $3 billion lent by the
most of its own food again. USA in WW1.
- US farmers had too much food but - Dawes Plan negotiations in 1923.
not enough customers so prices - Because of the strength of the
Economic Policy plummeted. Harding introduced the country they are able to dictate what
Emergency Tariff on imported happens economically in Europe.
foodstuffs.
- This was followed by a more general
tariff to cancel out lower European
goods.
- Consequently other nations
responded with retaliatory tariffs,
thereby restricting world trade as
more consumers bought domestic
products.
NEXT PAGE IS FOREIGN POLICY
If you get a question about isolationism- define what isolationism:
aka. entanglement vs.involvement
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller 10barlowl. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.90. You're not tied to anything after your purchase.