Warren harding

            Warren Harding was raised in a small town in Ohio. Always well-liked for his good-natured manner, Harding won a seat in the Ohio State Senate, serving two terms before becoming a U.S. senator from Ohio in 1914. He was the President of United States from the year 1921 to 1923. .
             In the aftermath of World War I, problems surfaced relating to war debts, arms control, and the reconstruction of war-torn countries. President Harding worked to solve these international problems and to maintain peace. In 1921, he invited four major naval powers and four smaller nations with interests in the Far East to a conference in Washington D.C. The Secretary of State, at that time, Charles Evans Hughes suggested that the five major naval powers, the United States, Great Britain, Japan, France, and Italy, scrap a significant proportion of their existing battleships, cruisers, and aircraft carriers. Eventually, by 1929, the United States succeeded in urging 64 nations, or almost all the nations then in existence, to sign the Kellogg-Briand Pact, which basically renounced war as an instrument of national policy. However, there was no way to enforce the pact because it made no provision for the use of military or economic force against any nation that violated the agreement. .
             During World War I, Britain and France had borrowed $10 billion from American bankers and now were having trouble repaying the loans while rebuilding their economies. They could raise the money in only two ways: by exporting more goods to the United States or through reparations, which were payments made by Germany to the Allies for war damages. Neither alternative worked. For one thing, in 1922 the United States adopted the Fordney-McCumber Tariff, which raised the tax on imports to its highest level ever, almost 60 percent. The act was designed to protect American businesses from foreign competition. As a result of such a high tariff, Britain and France were unable to sell their goods in the United States and could not earn the revenue to repay their debts.