What did the Republican Presidents of the 1920's favor?

Answer 1

President's Harding and Coolidge believed in the entrepreneurial spirit that America was built on. They believed that the federal government had a limited role in the working's of the United States, basically they believed in the U.S. Constitution and the framers belief's in limited government. In a nut shell; Let the people put their mind and abilities to work and get government out of the way and great things will happen!

To best understand this you would have to see what they inherited and what they saved the country from:

President Woodrow Wilson had run the economy into a ditch before WW1 over 4,000,000 people were out of work, for the first time in History Soup kitchens were in every major city. President Wilson tax and spend ideology had American collapsing. He got into the a War he campaign for President on the promises that he would never get involved in the war in Europe and that he wouldn't raise taxes. But, that was the first thing he did, using the Underwood-Simmons tariff act to raise taxes and tariff's on the American people. He then went to War in Europe in what can be interpreted as an attempt to try and keep his mistakes from destroying the country. The War was ending and the troops came home, President Wilson kept growing the federal government, and by the time President Harding was running for office, the economy was falling back to 1916 level's, people were out of work, taxes were high and the government was still growing. The country was about to enter the Depression.

President Harding and Vice President Coolidge were elected. Their actions of lowering taxes, reducing the size of federal government, and changing tariff's that restricted American business lead to a boom that was never seen before.

This was the basis of John F. Kennedy's fiscal policy and Ronald Reagan's 'trickle down economy' theory. It worked each time it was tried.

This is why the 1920's were known as the roaring twenties, the businesses grew, the economy soared and the people gained more wealth than in any time before. American's could afford cars for the first time and started going on mini-vacation's, known as weekend trips.

What later led to the 'Great Depression' was a return to the federal government over stepping it's duty by raising Taxes and again adding restrictions on business.

Answer 2

Tax cuts for wealthy Americans