Monroe Doctrine was a law passed by president James Munroe on December 2nd, 1823. It was important to the U.S foreign policy for two main characteristics:
It helped North and South America colonies to adopt a democratic form of government.
It viewed European's interference in Americas as a threat to the United States interests.
Harding’s presidency was overshadowed by the criminal activities of some of his cabinet members and other government officials, although he was not involved in any wrongdoing.
One of the biggest problems was that the national government had no power to impose taxes. To avoid any perception of “taxation without representation,” the Articles of Confederation allowed only state governments to levy taxes.
