Asked by Amanda Bowen on May 13, 2024
Verified
Discuss the relationship between American business interests and the executive, legislative, and judicial branches of the federal government during the 1920s.
American Business Interests
Economic and corporate activities pursued by American companies and entrepreneurs, often influencing domestic and foreign policies.
Executive Branch
One of the three branches of government, responsible for implementing and administering public policy enacted by the legislative branch and interpreted by the judicial branch.
Legislative Branch
One of the three branches of government, responsible for making laws. In the United States, it is composed of the two houses of Congress: the Senate and the House of Representatives.
- Comprehend the evolution of employment advantages and the culture of consumption during the 1920s.
- Evaluate the impact of racial, nativist, and fundamentalist organizations in upholding conventional norms against the advancements of modernization.
Verified Answer
In the executive branch, President Warren G. Harding and his successor, Calvin Coolidge, were strong proponents of pro-business policies. They appointed business-friendly individuals to key government positions and implemented policies that favored the interests of big business. This included tax cuts for the wealthy and deregulation of industries, which allowed businesses to operate with minimal government interference.
In the legislative branch, the Republican-controlled Congress passed legislation that furthered the interests of American businesses. The passage of the Fordney-McCumber Tariff Act in 1922 raised tariffs on imported goods, protecting American industries from foreign competition. Additionally, the government provided subsidies to agricultural and industrial sectors, further supporting business interests.
The judicial branch also played a role in supporting American business interests during the 1920s. The Supreme Court, under Chief Justice William Howard Taft, issued several decisions that favored big business, such as upholding the legality of anti-union "yellow-dog" contracts and striking down labor regulations. These decisions reinforced the power and influence of corporations in the American economy.
Overall, the relationship between American business interests and the federal government during the 1920s was one of mutual support and collaboration. The government implemented policies and made decisions that favored the growth and prosperity of businesses, while businesses in turn exerted their influence on the government through lobbying and financial support. This close relationship between business and government contributed to the economic prosperity of the 1920s but also laid the groundwork for the economic challenges that would follow in the Great Depression.
Learning Objectives
- Comprehend the evolution of employment advantages and the culture of consumption during the 1920s.
- Evaluate the impact of racial, nativist, and fundamentalist organizations in upholding conventional norms against the advancements of modernization.
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