Calvin Coolidge, after taking office in 1923, kept most of the policies created under the Harding administration. He intentionally only worked about four hours a day. He believed the government that governed least, governed best. To be fair, the decade of the 1920s is called an era of prosperity. This is because even after some mild economic bumps, the economy recovered rapidly. Unemployment was generally low and quality of living was up. Soon, the economy busted, as it does after many conservative eras. This is because the conservative party views the natural capitalistic cycle of boom and bust as a necessary part of the economy. Liberals tend to regulate the market more to ensure price stability, etc. The result is higher lows and lower highs.
So, Coolidge failed to regulate the market, leading to many people investing they didn't have with the promise of using property as collateral. When the Stock Market crashed, people lost the money they had hypothetically gained during the era of prosperity. Banks, a major investing force in the economy, failed when they lost the money of their clients. Overall, America was left with very little capital to spend towards redeveloping the economy.
He decided to understand the law and end the Great Depression, so he got the government on his side, because he did not like strikes happening in a supposed to be free state.
Calvin Coolidge's birth name is John Calvin Coolidge.
No, Calvin Coolidge is not single.
No, the time when Calvin Coolidge was U.S. President (1923-1929) was a prosperous and carefree time in U.S. history, after the end of World War I but before the beginning of the Great Depression. Although alcoholic beverages were illegal at that time, it was a very "playful" time.
What is an intresting fact about Calvin Coolidge
Calvin Coolidge's weight was 168lbs
His full name was John Calvin Coolidge Jr.
Much of the blame for the Depression was placed unfairly on President Hoover. President Calvin Coolidge was to blame for part of the Depression.
Calvin Coolidge John Calvin Coolidge Jr. was the 30th president of the U.S.
Calvin Coolidge is the only president born on July 4th. He was born in Plymouth, Vermont on July 4, 1872.
john calvin coolidge, sr.
Calvin Coolidge is a Congregationalist Christian.