# 833 - 1938 $2 Harding
$2 Harding
1938 Presidential Series
City: Washington, DC
Quantity: 13,571,578
Printed by: Bureau of Engraving and Printing
Printing Method: Flat plate
Perforations: 11
Color: Yellow green and black
Birth Of Warren G. Harding
When he was 10 years old, Harding began working for his father’s weekly newspaper. In college, he worked on the school newspaper and gained a reputation as a gifted public speaker.
Harding then moved to Marion, Ohio, and bought the struggling Marion Star newspaper in 1884. Though he wrote in support of the Republican Party, his fair reporting of both sides earned him the respect of Ohio politicians. Within ten years, Harding’s paper grew to be one of the most popular in the county. And when Harding reorganized his business, he allowed them to buy stock in Harding Publishing Co., the first profit-sharing agreement in Ohio.
During his campaign, Harding promised to appoint the best men he could find for his Cabinet. Some of his choices fulfilled this promise. Unfortunately, he also felt a sense of duty to men who supported his run for office and gave them influential positions as well. These men, later called the “Ohio Gang,” would damage Harding’s presidency. Many historians believe Harding was not aware of the corruption happening inside his administration. However, his choice of questionable men to serve in his Cabinet tarnished the reputation of his administration.
The President felt lowering tax rates would help the country recover from the postwar depression it was experiencing. Under the guidance of Andrew Mellon, the top tax rate was reduced from 73 percent to 25 over the course of four years. Unemployment fell and tax revenue increased. Historians Schweikart and Allen wrote the economic policies “… produced the most vibrant eight-year burst of manufacturing and innovation in the nation’s history.”
Ongoing labor disputes led to violence during Harding’s administration, and more than once he had to call in federal troops to bring peace. In a time when the rights of African Americans were severely limited, Harding supported civil rights and educational opportunities. He advocated for a Federal anti-lynching bill, but it was defeated in the Senate.
Harding relied heavily on Secretary of State Charles Evans Hughes to conduct foreign affairs. Hughes led the Washington Armament Conference to reduce naval power in the hopes of maintaining peace. The US hosted Japan, Great Britain, France, Italy, China, Belgium, Netherlands, and Portugal for the three-month conference. The agreements reached brought stability to the Pacific region. Trade agreements with China were also signed.
In 1923, scandals in Harding’s administration were beginning to surface. He told a journalist, “I have no trouble with my enemies, but my friends, they’re the ones that keep me walking the floor at nights!” The President’s health was suffering, so he decided to take a tour to the West and Alaska to reconnect with the people and promote his agenda. Accompanied by his wife and trusted advisors, Harding’s train left Washington on June 20. After giving speeches throughout the Midwest, he and his party traveled to Alaska. Harding was the first President to visit there.
$2 Harding
1938 Presidential Series
City: Washington, DC
Quantity: 13,571,578
Printed by: Bureau of Engraving and Printing
Printing Method: Flat plate
Perforations: 11
Color: Yellow green and black
Birth Of Warren G. Harding
When he was 10 years old, Harding began working for his father’s weekly newspaper. In college, he worked on the school newspaper and gained a reputation as a gifted public speaker.
Harding then moved to Marion, Ohio, and bought the struggling Marion Star newspaper in 1884. Though he wrote in support of the Republican Party, his fair reporting of both sides earned him the respect of Ohio politicians. Within ten years, Harding’s paper grew to be one of the most popular in the county. And when Harding reorganized his business, he allowed them to buy stock in Harding Publishing Co., the first profit-sharing agreement in Ohio.
During his campaign, Harding promised to appoint the best men he could find for his Cabinet. Some of his choices fulfilled this promise. Unfortunately, he also felt a sense of duty to men who supported his run for office and gave them influential positions as well. These men, later called the “Ohio Gang,” would damage Harding’s presidency. Many historians believe Harding was not aware of the corruption happening inside his administration. However, his choice of questionable men to serve in his Cabinet tarnished the reputation of his administration.
The President felt lowering tax rates would help the country recover from the postwar depression it was experiencing. Under the guidance of Andrew Mellon, the top tax rate was reduced from 73 percent to 25 over the course of four years. Unemployment fell and tax revenue increased. Historians Schweikart and Allen wrote the economic policies “… produced the most vibrant eight-year burst of manufacturing and innovation in the nation’s history.”
Ongoing labor disputes led to violence during Harding’s administration, and more than once he had to call in federal troops to bring peace. In a time when the rights of African Americans were severely limited, Harding supported civil rights and educational opportunities. He advocated for a Federal anti-lynching bill, but it was defeated in the Senate.
Harding relied heavily on Secretary of State Charles Evans Hughes to conduct foreign affairs. Hughes led the Washington Armament Conference to reduce naval power in the hopes of maintaining peace. The US hosted Japan, Great Britain, France, Italy, China, Belgium, Netherlands, and Portugal for the three-month conference. The agreements reached brought stability to the Pacific region. Trade agreements with China were also signed.
In 1923, scandals in Harding’s administration were beginning to surface. He told a journalist, “I have no trouble with my enemies, but my friends, they’re the ones that keep me walking the floor at nights!” The President’s health was suffering, so he decided to take a tour to the West and Alaska to reconnect with the people and promote his agenda. Accompanied by his wife and trusted advisors, Harding’s train left Washington on June 20. After giving speeches throughout the Midwest, he and his party traveled to Alaska. Harding was the first President to visit there.