Major Events of Presidency:
- Sheppard-Towner Act funds maternity assistance
- Economic depression experienced by nation
- Babbitt published by Sinclair Lewis
- Motion Picture Association founded to regulate film industry
- Justice Department intervenes to quell strike by 400,000 railroad workers as part of Supreme Court ruling lower courts could issue injunctions against strikers
- Growth of radio causes a total of 500 stations, virtually covering the entire country, to be constructed by 1923
- Mild recession experienced by nation, subsides in 1924
- Warren Harding dies, Calvin Coolidge becomes president