Write a 125+ word paragraph considering the three major economic blunders Warren Harding made during his administration that helped set the wheels of depression in motion.

Warren Harding better known for his humiliating economic policies which brought cycles of depression in the economy.

His abasement policies were responsible for the European countries not being able to sell its products to the US marker because of the high import traffic charge set by him.

Warren’s decision of annulment of the loans Germany had to pay to the US government because Germany was in an economic crisis situation and was unable to repay loans, set America into an economic depression.

His decisions of reducing the payable amount from European banks turned out causing huge financial loss to the US treasury. Which led to hamper in the Industrial development of the country.

democracy

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