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 basicall

Most historians regard Warren Harding as the worst President in the nation's history. His administration was a failure because nothing was accomplished and at the end, his corrupted friends that he had appointed as his cabinet members had led him to his downfall.

Britain and France then demanded that Germany pay its promised reparations, but the economically ruined Germany defaulted on its war payments. To avoid a new war, the United States loaned Germany $2.5 billion, which Germany was able to use to pay reparations to Britain and France. Those countries then turned around and paid on their war debts to the United States. Thus, the United States, in effect, arranged to be repaid with its own money.

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 d

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