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1929-1941 A. Recession 1920-1922 B. Prosperity of the Few C. Isolationism of Twenties D. Supreme Court and Government support for business 1. William Taft as Supreme Court Chief Justice, 1921 E. Warren Harding (Calvin Coolidge 1923) administration corruption F. Coolidge Administration G. Hoover Administration H. Collapse 1. Oct. 24 1929 Black Tuesday: Stock market crash 2. Bank failures 3. Mortgage crisis 4. Unemployment A. Investigation B. Mellon’s position: downturn natural in free-market C. Hoover’s stance federal aid weakening independence D. Hawley Smoot Tariff 1930 • 1. higher taxes on imported goods • 2. lowered international trade E. Higher Taxes 1932 F. Reconstruction Finance Corporation precursor to Bank bailout How did this affect government-tribe relations? Financial Resources Demographic Social Interventions Protections-Promotions