Herbert Hoover Elected in 1920

[True Federalist (진정한 연방 주의자)]

What if Herbert Hoover had decided to run for President in 1920 as a Republican. What would have Hoover accomplished as President during this time? Who would have Hoover affected the course of history by being elected in 1920? Discuss.

He did try to run for President as a Republican, but after he came in second to Sen. Hiram Johnson of California in the California primary, he was effectively out of the race, since while favored son candidates had a shot at winning the nomination in those days, second favored sons didn't.  The most likely way for Hoover to have a shot would if Johnson decided to revive the Progressive Party instead of staying within the Republican camp.

Johnson's campaign does manage to come in ahead of Debs, and reduce both the Republican and Democratic totals in the PV, but the only effect in the EV is to switch Tennessee to the Democrats.

[True Federalist (진정한 연방 주의자)]

Hoover's policies are not that dissimilar from OTL, but with the Progressive Party around in 1920, LaFollette does better in 1924 and the Progressives don't fade away as fast as they did in OTL.

A nice three color map with the Progressives getting the northwest and the Democrats getting the south, but the broad band in the middle is where the votes are Hoover is easily reëlected despite having only a plurality a second time in a row.

[True Federalist (진정한 연방 주의자)]

Vice President Coolidge receives the Republican nomination, but the effects of the Tariff Act of 1926 have caused the economy to cool compared to OTL, not enough to a recession, but enough that the Democrats are not content to let Smith take the nomination since they think they can win it.  William G. McAdoo is the Democratic standard bearer while the Progressives have largely fallen apart after LaFollette's death in 1925.  McAdoo wins the 1928 election quite handily.  However, with the Senate still in Republican hands, McAdoo does not have an easy time of it.  The perfect economic storm that contributed to the Great Depression does not occur.  Enough butterflies have flapped that while there is an economic down turn in 1929, it is not as steep nor as deep.  It does give Democrats the chance to campaign against the Republican Senate that is blocking their ability to fix the problem and they are able to take it in the 1930 election.  The Democrats cut the tariff and spending, including plans to build a carrier (OTL USS Ranger) to replace the USS Langley.  The economy is looking up as the 1932 elections come around, so McAdoo is reelected in 1932.

[True Federalist (진정한 연방 주의자)]

Hoover would have made major changes to the Stock Market. He would have ended insider trading and any way of artificially raising stock prices. This would have helped stave off the Depression for a few years.

On the foreign scene he would have urged a national moratorium on war debts, thus stifling the rise of Adolph Hitler in Germany. He also supported the League of Nations, so this could have led to a fight with the conservative Senate under Henry Lodge. His humanitarian side could have led to an early Marshall Plan for war ravaged Europe helping end the rise of Communist and Fascist governments.

On the domestic scene he would have regulated parts and radio frequencies, supported Civil Rights legislation, and handled the flood of 1927 as well as he did in real life.

I don't see Hoover taking on the stock market in 1921.  It generally takes a scandal or other problem to cause those sorts of reforms and a 1909 Supreme Court case had already established that insider trading was fraud.  All the Securities Act of 1933 and the Securities Exchange Act of 1934 did was to Federalize and codify the exact definition and punishment of insider trading.  Until State laws proved inadequate to the task I can't see the Great Engineer making that a priority.

I fail to see how Hoover could have affected the German war reparations more than the 1924 Dawes Plan or the 1929 Young Plan did.  At most he could have advanced them a year or so each, but it wasn't really the reparations that created the conditions for Hitler's rise to power (tho they did create a useful scapegoat) but the Great Depression.  What really caused the Great Depression to be more than an inevitable but short-lived recession was Smoot-Hawley which Hoover failed to veto.  I can't see Hoover being more willing to stand up to Senator Smoot in the 1920's than he was in 1930.