63 #2) With Germany "teetering on the brink of mad anarchy" sensible statesmen began to urge that war debts and reparation be drastically scaled down or even canceled. Americans did not look fondly on the new proposals. The admin insisted that there was no link between debts and reparations.
65) The Dawes Plan of 1924 rescheduled German reparation payments and opened the way for further American private loans. The US was willing to loan money to Germany because then Germany could pay back the Allies, and the Allies could pay back the US.
66) The US never did get its money; instead the "harvested a bumper crop of ill will", they were essentially disliked everywhere in Europe.
67) Political liabilites of presidential canidate Alfred E. Smith
- "wet" when country was still devoted to "noble experiment" of prohibition
- abrasively urban
- Roman Catholic in a overwhelmingly Protestant country
68) Radio was the new technology used for the first time in the presidential election of 1928. It benefited Herbert Hoover the most; Smith could not manage to send his "personal sparkle" through the radio, whereas Hoover sounded better on the radio than in person.
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69) Hoover was a living example of the American success story and "an intriguing mix of two centuries" because he was a poor orphan boy that had managed to make to Stanford Univ, he absorbed the 19th cent copybook on maxims of industry, thrift, and self-reliance: and he became extremely successful as an engineer and businessman.
70) Hoover's Cons: quite shy, standoffish, and stiff. Personally colorless in public, thin-skinned in the face of criticism, did not adapt readily to the necessary give and take of policital accomodation.
Hoover's Pros: traveled and worked abroad extensively, deep determination, strong faith in American individualism- free enterprise- and small goverment. Integrity, humanitarianism, passion for assembling the facts, efficiency, talents for admin, and ability to inspire loyalty in close associates.
71) Some anti-Smith slogans of some of Hoover's (irresponsible) supporters: " A vote for Al Smith is a vote for the Pope"; "Rum, Romanism, and Ruin."; and " city slicker"
72) The fact that many Democrats (especially in the South) were offended by the "wettish, Catholicism, foreignism, and liberalism" of their own party's candidate resulted in many Democrats supporting Hoover, who enjoyed a landslide victory. Hoover was the first Republican candidate (except for Harding's TN victory in 1920) to carry a state that had suceded. [He swept 5 states of the former Confederacy as well as all of the Border states].
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