Chapter 8: Normalcy and Good Times, 1921-1929
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The Evolution of Corruption: from "Honest Graft" to Conflicts of Interest
T ONE The Evolution of Corruption: From "Honest Graft" to Conflicts of Interest Supposin' it's a new bridge they're going to build. I get tipped off and I buy as much property as I can that has to be taken for the approaches. I sell at my own price later on and drop some more money in the bank. Wouldn't you? It's just like lookin' ahead in Wall Street or in the coffee or cotton market It's honest graft and I'm lookin' for it every day of the year. George Washington Plunkitt, as quoted in William L. Riordon, Plunkitt ofTammany Hall To understand the evolution of the anticorruption project, it is necessary to begin with some observations about corruption itself. This chapter deals with four basic issues: the subjectivity of the definition of corruption, the increasing gap between expectations of official behavior and actual behav ior, the special politics of scandal and reform, and the difficulty of measur ing corruption. Defining Corruption Corruption is neither a single form of behavior nor an obvious species of conduct. 1 Corruption is the name we apply to some reciprocities by some people in some contexts at some times. The popular use of the term does not require that the conduct labeled corrupt be illegal; it is enough that the la beler thinks it is immoral or unethicaL Since people's views about moral and ethical conduct differ in important respects, corruption is often a contested ~. labeL Indeed, these days public servants are admonished not only to adhere to the skein of laws prohibiting a wide variety of conduct, but to avoid "the appearance of corruption." Such a warning recognizes that the term corrup tion refers to more than just positive law, but fails to recognize that appear ance of corruption is in the eyes of the beholder. -
President Warren G. Harding Warren G. Harding Was Elected the 29Th U.S
President Warren G. Harding Warren G. Harding was elected the 29th U.S. president on his birthday, and served from 1921 to 1923. His term followed World War I and a campaign promising a "return to normalcy." Younger Years: Warren G. Harding was born on 2 November 1865, in Corsica, OH (now known as Blooming Grove). The son of two doctors, father George and mother Phoebe, Harding had four sisters and a brother. To many, including himself, Harding enjoyed an idyllic American childhood, growing up in a small town, attending a one-room schoolhouse, enjoying summers at the local creek, and performing in the village band. All of these experiences later helped promote his political career. At age 14, Harding attended Ohio Central College, where he edited the campus newspaper and became an accomplished public speaker. After graduation in 1882, he taught in a country school and sold insurance. That same year, he and two friends purchased the near defunct Marion Daily Star newspaper in Marion, OH. Under Harding's control, the paper struggled for a time, but later prospered, due in part to Harding's good-natured manner and strong sense of community. His 1891 marriage to Florence Kling de Wolfe, a wealthy divorcée with a keen business eye and ample financial resources, also helped the paper to prosper. Harding avoided printing stories critical of others and shared company profits with employees. Early Political Career: In 1898, at his wife's urging, Warren G. Harding embarked on a political career. That year, he won a seat in the Ohio legislature and subsequently served two terms. -
Niall Palmer
EnterText 1.1 NIALL PALMER “Muckfests and Revelries”: President Warren G. Harding in Fact and Fiction This article will assess the development of the posthumous reputation of President Warren Gamaliel Harding (1921-23) through an examination of key historical and literary texts in Harding historiography. The article will argue that the president’s image has been influenced by an unusual confluence of factors which have both warped history’s assessment of his administration and retarded efforts at revisionism. As a direct consequence, the stereotypical, deeply negative, portrait of Harding remains rooted in the nation’s consciousness and the “rehabilitation” afforded to many presidents by revisionist writers continues to be denied to the man still widely-regarded as the worst president of the twentieth century. “Historians,” Eugene Trani and David Wilson observed in 1977, “have not been gentle with Warren G. Harding.”1 In successive surveys of American political scientists, historians and journalists, undertaken to rank presidents by achievement, vision and leadership skills, the twenty-ninth president consistently comes last.2 The Chicago Sun- Times, publishing the findings of fifty-eight presidential historians and political scientists in November 1995, placed Warren Harding at the head of the list of “The Ten Worst” Niall Palmer: Muckfests and Revelries 155 EnterText 1.1 Presidents.3 A 1996 New York Times poll branded Harding an outright “failure,” alongside two presidents who presided over the pre-Civil War crisis, Franklin Pierce and James Buchanan. The academic merit and methodological underpinnings of such surveys are inevitably flawed. Nonetheless, in most cases, presidential status assessments are fluid, reflecting the fluctuations of contemporary opinion and occasional waves of academic revisionism. -
Checking the Checking Value in the Teapot Dome Scandal
Communication Law Review Volume 15, Issue 2 (2015) Checking the Checking Value in the Teapot Dome Scandal David R. Dewberry, Ph.D. Rider University This article examines the history of journalism in the initial reporting of the Teapot Dome scandal to argue that the press falls short in fulfilling the checking value of the First Amendment. Similar arguments have been made about the press in other major scandals (e.g., Watergate, Iran-Contra, etc.). But this article exclusively focuses on the key journalistic agents in Teapot Dome including Frederick G. Bonfils and H. H. Tammen of the Denver Post, John C. Schaffer of the Rocky Mountain News, Carl Magee of New Mexico, and Paul Y. Anderson of the St. Louis Post- Dispatch, to demonstrate how they were more protagonists in the scandal, rather than members of the fourth estate. INTRODUCTION Political scandals reveal the worst and also the best of our democracy. The worst is that our public leaders have transgressed some norm or rule. The best is that the presence of scandals also suggests that a free press was able to enact what noted First Amendment scholar Vincent Blasi called “the checking value.” The checking value is “that free speech, a free press, and free assembly can serve in checking the abuse of power by public officials.”1 Furthermore, Blasi believes that free speech was a central and critical principle for the drafters of the First Amendment to “guard against breaches of trust by public officials.”2 As such, the American press is often dubbed the “watchdogs of democracy.”3 Given the press’s status in our democracy, its reputation sometimes reaches an undeserved mythic status. -
2020-03-04 Mazars Amicus 420 PM
! Nos. 19-715, 19-760 In the Supreme Court of the United States DONALD J. TRUMP, et al., Petitioners, v. MAZARS USA, LLP, et al., Respondents. DONALD J. TRUMP, et al., Petitioners, v. DEUTSCHE BANK AG, et al., Respondents. ON WRITS OF CERTIORARI TO THE UNITED STATES COURTS OF APPEALS FOR THE SECOND AND DISTRICT OF COLUMBIA CIRCUITS BRIEF FOR AMICI CURIAE CONGRESSIONAL SCHOLARS SUPPORTING RESPONDENTS GREGORY M. LIPPER Counsel of Record SUSAN M. SIMPSON MUSETTA C. DURKEE* CLINTON & PEED 777 6th Street NW, 11th Floor Washington, DC 20001 (202) 996-0919 [email protected] *Admitted in New York only ! TABLE OF CONTENTS Page Interests of Amici Curiae ............................................................. 1! Summary of Argument ................................................................. 2! Argument ........................................................................................ 4! I. ! Founding-era Congresses investigated impeachable officials without starting impeachment proceedings. .. 4! A.! After a bungled military expedition, Congress investigates George Washington’s Secretary of War. ............................................................................. 5! B.! Congress investigates the Washington administration’s negotiation of the Jay Treaty. ..... 7! C.! Congress investigates Founding Father-turned- Treasury Secretary Alexander Hamilton. .............. 8! D.! Investigation of Justice Chase. .............................. 10! II. !Congress has continued to investigate impeachable officials without beginning -
Necessary and Proper
PROJECT ON GOVERNMENT OVERSIGHT Necessary and Proper: Best Practices for Congressional Investigations June 7, 2017 Project On Government Oversight 1100 G St. NW Suite 500 Washington, DC 20005 (202) 347-1122 [ www.pogo.org Project On Government Oversight Necessary and Proper: Practices for Congressional Investigations June 7, 2017 1100 G Street, NW, Suite 500, Washington, DC 20005 (202) 347-1122 • www.pogo.org POGO is a 501(c)(3) organization "In my opinion, the power of investigation is one of the most important powers of the Congress.... The manner in which that power is exercised willlargely determine the position and prestige of the Congress in the future. " -HarryS. Truman, 1944 Contents INTRODUCTION .......................................................................................................................... 2 OVERVIEW OF THE TYPES OF INDEPENDENT FEDERAL INVESTIGATIONS ............... 3 Special Counsels and Independent Counsels .............................................................................. 3 Investigative Commissions ......................................................................................................... 5 Independence from the Executive Branch? ................................................................................. 6 Congressional Investigative Committees .................................................................................... 6 BEST PRACTICES FOR CONGRESSIONAL INVESTIGATIVE COMMITTEES ................... 8 True Bipartisanship.................................................................................................................... -
Politics and Prosperity Reading Focus Key Terms Taking Notes • What Scandals Hurt Recession Copy the Chart Below
Politics and Prosperity Reading Focus Key Terms Taking Notes • What scandals hurt recession Copy the chart below. As you read Republicans in the 1920s? Teapot Dome Scandal complete the chart to show the ' effects of Republican leadership on • How did Coolidge's policies installment buying increase prosperity? the United States during the 1920s. stock Add as many boxes as you need. • What role did the United States play in world affairs? bull market communism disarmament Kellogg-Briand Pact Ifiviain Idea As the Republican party returned to power ::= in the 1920s, the economy boomed. Setting the Scene "The change is amazing," wrote a reporter just after the inauguration of President Warren G. Harding on March 4, 1921. Woodrow Wilson and the Democrats were out; Harding and the Republicans were in. Wilson had been ill, remote, and increas ingly sour. Harding was warm, friendly, and open. During the campaign, Harding's slogan had been "Back to Normalcy." By "normalcy," he meant "a regular steady order of things ... normal procedure ...." The 1920s turned out to be anything but normal. As one official said, the decade ushered in a "new era," of Republican leadership, booming prosperity, and changes in everyday life. Republicans in Office World War I had helped the economy. Europeans ordered vast amounts of supplies from American factories. After the United States entered the war in 1917, American factories expanded rapidly to meet the demand for military supplies. When the war ended, more than 2 million soldiers came home and began to look for jobs. At the same time, factories stopped turn ing out war materials. -
THE POLITICAL CAREER of HARRY M. DAUGHERTY. the Ohio State University, Ph.D., 1968 History
This dissertation has been microfilmed exactly as received 69-4889 GIGLIO, James Nickolas, 1939- THE POLITICAL CAREER OF HARRY M. DAUGHERTY. The Ohio State University, Ph.D., 1968 History, modern University Microfilms, Inc., Ann Arbor, Michigan (c) James Nickolas Gislio 1969. ALL RIGHTS RESERVED THE POLITICAL CAREER OF HARRY M. DAUGHERTY DISSERTATION Presented in Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy in the Graduate School of The Ohio State University B y Jam es N ickolas G iglio, B. A , M. A kt# The Ohio State University 1968 Approved by fxM- A dviser Department of History ACKNOWLEDGMENTS I am most grateful to my adviser, Dr. Robert H. Bremner, who extended his assistance, patience, and understanding. Although Dr. Bremner was involved in research at the Charles Warren Center, Harvard University, he always found the time to further the comple tion of this work. A special thanks is due Dr. Randolph C. Downes of the University of Toledo who not only permitted me to read his manuscript, "The Rise of Warren Gamaliel Harding, 1865-1920, " but answered questions about the Harding period. I also wish to thank Professors Francis P. Weisenburger and Austin K. Kerr for their contributions to this work. I am indebted to the aid of Mrs. Elizabeth Martin, general librarian, David Larson, manuscript librarian, and the able assist ants at the Ohio State Historical Society. The staffs of the National Archives, the Library of Congress, the Cincinnati Historical Society, the Indiana State Library, and the Western Reserve Historical Society were also very helpful. Finally, I wish to express a special gratitude to my wife, Fran, who really cared. -
Mob Rule Vs. Progressive Reform
Bard College Bard Digital Commons Senior Projects Spring 2016 Bard Undergraduate Senior Projects Spring 2016 Mob Rule vs. Progressive Reform Ethan Moon Barness Bard College, [email protected] Follow this and additional works at: https://digitalcommons.bard.edu/senproj_s2016 Part of the Political History Commons This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License. Recommended Citation Barness, Ethan Moon, "Mob Rule vs. Progressive Reform" (2016). Senior Projects Spring 2016. 185. https://digitalcommons.bard.edu/senproj_s2016/185 This Open Access work is protected by copyright and/or related rights. It has been provided to you by Bard College's Stevenson Library with permission from the rights-holder(s). You are free to use this work in any way that is permitted by the copyright and related rights. For other uses you need to obtain permission from the rights- holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/or on the work itself. For more information, please contact [email protected]. Mob Rule vs. Progressive Reform The struggle between organized crime, machine politics and the Progressive Reform Movement for control over New York City municipal politics from 19001935 Senior Project submitted to The Division of Social Studies Bard College by Ethan Barness 1 Acknowledgements I would like to thank my Project Advisor Myra Armstead for guiding me through the research process in my senior year at Bard. I would like to thank my mother, my father and my sister as well as all my closest friends and relatives, whose support I greatly appreciate. -
An Original Model of the Independent Counsel Statute
Michigan Law Review Volume 97 Issue 3 1998 An Original Model of the Independent Counsel Statute Ken Gormley Duquesne University Follow this and additional works at: https://repository.law.umich.edu/mlr Part of the Constitutional Law Commons, Legal History Commons, Legislation Commons, President/ Executive Department Commons, and the Supreme Court of the United States Commons Recommended Citation Ken Gormley, An Original Model of the Independent Counsel Statute, 97 MICH. L. REV. 601 (1998). Available at: https://repository.law.umich.edu/mlr/vol97/iss3/2 This Article is brought to you for free and open access by the Michigan Law Review at University of Michigan Law School Scholarship Repository. It has been accepted for inclusion in Michigan Law Review by an authorized editor of University of Michigan Law School Scholarship Repository. For more information, please contact [email protected]. AN ORIGINAL MODEL OF THE INDEPENDENT COUNSEL STATUTE Ken Gormley * TABLE OF CONTENTS INTRODUCTION • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 602 I. HISTORY OF THE INDEPENDENT COUNSEL STATUTE • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • . • • • • . • • • • • • 608 A. An Urgent Push fo r Legislation . .. .. .. .. 609 B. Th e Constitutional Quandaries . .. .. .. .. 613 1. Th e App ointments Clause . .. .. .. .. 613 2. Th e Removal Controversy .. ................ 614 3. Th e Separation of Powers Bugaboo . .. 615 C. A New Start: Permanent Sp ecial Prosecutors and Other Prop osals .. .. .. .. .. .. .. .. .. .. .. 617 D. Legislation Is Born: S. 555 .. .. .. .. .. .. .. .. .. 624 E. Th e Lessons of Legislative History . .. .. .. 626 II. THE FIRST TWENTY YEARS: ESTABLISHING THE LAW'S CONSTITUTIONALITY • . • • • • . • • • . • • • • . • • • • . • • • 633 III. REFORMING THE INDEPENDENT COUNSEL LAW • • . • 639 A. Refo rm the Method and Frequency of App ointing In dependent <;ounsels ..... :........ 641 1. Amend the Triggering Device . -
District of Columbia Social Studies Pre-K Through Grade 12 Standards
SOCIAL STUDIES District of Columbia Social Studies Pre-K through Grade 12 Standards SOCIAL STUDIES Contents Introduction . 2 Grade 4 — U.S. History and Geography: Making a New Nation . 18 Prekindergarten — People and How They Live . 6 The Land and People before European Exploration . 18 Age of Exploration (15th–16th Centuries). 18 People and How They Live . 6 Settling the Colonies to the 1700s . 19 Economics . 6 The War for Independence (1760–1789) . 20 Time, Continuity, and Change . 7 Geography . 7 Grade 5 — U.S. History and Geography: Westward Expansion Civic Values and Historical Thinking. 7 to the Present . 22 Kindergarten — Living, Learning, and Working Together. 8 The New Nation’s Westward Expansion (1790–1860) . 22 The Growth of the Republic (1800–1860) . 22 Geography . 8 The Civil War and Reconstruction (1860–1877). 23 Historical Thinking . 8 Industrial America (1870–1940) . 24 Civic Values . 8 World War II (1939–1945) . 25 Personal and Family Economics . 9 Economic Growth and Reform in Contempory America Grade 1 — True Stories and Folktales from America (1945–Present) . 26 and around the World . 10 Grades 3–5 — Historical and Social Sciences Analysis Skills . 28 Geography . 10 Chronology and Cause and Effect . 28 Civic Values . 10 Geographic Skills . 28 Earliest People and Civilizations of the Americas . 11 Historical Research, Evidence, and Point of View . 29 Grade 2 — Living, Learning, and Working Now and Long Ago . 12 Grade 6 — World Geography and Cultures . 30 Geography . 12 The World in Spatial Terms . 30 Civic Values . 12 Places and Regions . 30 Kindergarten–Grade 2 — Historical and Social Sciences Human Systems . -
Insider Trading in the Teapot Dome Affair
The Value of Cronyism: Insider Trading in the Teapot Dome Affair Caroline Fohlin and Andrew Teodorescu∗ Current version: December 2019 Abstract We study the stock market reaction to the Teapot Dome affair during the Harding administration of the early 1920s, in which oil industry moguls bribed a cabinet member for the illegal leasing of federal naval oil reserves. Using weekly stock price data, we find a significant response to public revelation of Sinclair Consolidated’s leases; however, we also find that insiders had incorporated most of the news into share prices prior to the surprise news break. Other key events show insignificant price responses to news. Overall, Sinclair’s top shareholders achieved considerable excess returns to their illicit activity, totalling around $242 million (inflation-adjusted) in the market value of their equity. Our results suggest a relatively strong form of market efficiency under a legal insider trading regime. Moreover, we observe extreme profiteering, via front-running private information, by insiders at the expense of outsiders—evidence that contradicts typical normative arguments for legalized insider trading. JEL classification: G14, N22, N82 Keywords: Event studies, information acquisition, insider trading, corporate history, history of financial markets ∗ Fohlin ([email protected]) and Teodorescu ([email protected]) are with the Department of Economics at Emory University. Teodorescu gratefully acknowledges financial support from Emory University Undergraduate Research Programs. 1 1 Introduction Cronyism is a central failing of many political-economic systems. Often linked to authori- tarian, oligarchical systems, the U.S. has its own checkered history of cronyism as well. One of the most renowned U.S.