The presidency of Warren G. Harding began on March 4, 1921, when Warren G. Harding was inaugurated as President of the United States, and ended when he died on August 2, 1923, a span of 881 days. Harding also signed the Budget and Accounting Act, which established the country's first formal budgeting process and created the Bureau of the Budget. After World War I, 300,000 wounded veterans were in need of hospitalization, medical care, and job training. Union membership had grown during World War I, and by 1920 union members constituted approximately one-fifth of the labor force. Many employers reduced wages after the war, and some business leaders hoped to destroy the power of organized labor in order to re-establish control over their employees. These policies led to increasing labor tension in the early 1920s. Widespread strikes marked 1922, as labor sought redress for falling wages and increased unemployment.
n/a
n/a