How Did Calvin Coolidge Support Big Business?

Calvin Coolidge was a strong supporter of big business and laissez-faire capitalism. He believed that businesses should be free to operate without government interference, and he championed tax cuts and other pro-business policies. This helped make him popular with the business community, but it also earned him criticism from progressives who felt that he was too friendly to corporations.

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Introduction

Calvin Coolidge, the 30th president of the United States, was a strong advocate for the business community during his time in office. He believed that businesses should be able to operate without government interference and that regulation only stifled innovation and growth. This hands-off approach to governing helped spur a period of significant economic expansion in the 1920s, which came to be known as the Roaring Twenties.

During Coolidge’s presidency, business confidence was high and the stock market was booming. Many Americans enjoyed a newfound sense of prosperity and consumerism. However, not everyone benefited from this economic expansion. Poor working conditions and low wages were commonplace, and many Americans were living in poverty. Moreover, the stock market crash of 1929 brought an end to the Roaring Twenties and ushered in the Great Depression.

In spite of these challenges, Coolidge’s legacy as a champion of business remains strong. His policies helped shape an era of incredible economic growth and prosperity in the United States.

The Business-Government Relationship

Calvin Coolidge, the 30th president of the United States, was known as a supporter of big business. He believed in laissez-faire economics, which is an economic theory that supports minimum government intervention in business. Coolidge also worked to reduce government spending and taxes. During his presidency, the number of government regulations decreased, and tariffs were lowered. These policies helped businesses to prosper, and many businesses showed their support for Coolidge by donating to his campaign.

The Coolidge Administration

The Coolidge Administration was known for its support of big business. Coolidge himself was a staunch supporter of laissez-faire capitalism and believed that the government should not interfere with business. He also cut taxes on the wealthy, which further benefited big business. Coolidge also reduced government regulation of business, which made it easier for businesses to operate without government interference.

The Business Community

Calvin Coolidge was a man of few words, but he did have a great deal of support for the business community. He once said, “The chief business of the American people is business.”

Under Coolidge’s leadership, the government played a hands-off role in the economy. This laissez-faire approach lowered taxes and regulation, which helped businesses to flourish. The economy boomed during the Roaring Twenties, andCoolidge was given credit for being a “business-friendly” president.

However, not everyone benefited from Coolidge’s policies. Poor and working-class Americans struggled to get by during this time of prosperity. Still, Coolidge was a popular president and was reelected in 1924 in a landslide victory.

The Economy

Under Coolidge, the economy grew tremendously. He lowered taxes for the wealthy and for corporations, which led to more investment and more jobs. He also decreased government regulation of businesses, which allowed them to flourish. In addition, he signed the Kellogg-Briand Pact, which outlawed war. This increased business confidence and investment even further.

Regulation

Calvin Coolidge supported big business by reducing regulation. He believed that businesses should be free to operate without government interference. He also supported tax cuts for businesses and wealthy individuals. These policies helped create a booming economy in the 1920s, but they also contributed to the Great Depression.

Taxation

Calvin Coolidge was a strong supporter of tax cuts for businesses and the wealthy. He believed that this would lead to more investment and economic growth. He also supported laissez-faire policies, which meant that the government should not interfere with business.

Trade

Calvin Coolidge supported big business through a number of different policies, but perhaps most importantly through his support of free trade. He believed that free trade was essential to the prosperity of American businesses, and he worked to remove tariffs and other obstacles to trade. He also negotiated a number of important treaties that opened up new markets for American businesses. Finally, Coolidge supported the expansion of credit, which helped businesses invest and grow.

Conclusion

In conclusion, Calvin Coolidge supported big business through a combination of laissez-faire economic policies and tax cuts for the wealthy. While this benefited the rich and helped to create a booming economy in the 1920s, it ultimately led to the Great Depression.

Further Reading

-Theodore Roosevelt and the Politics of Power by Doris Kearns Goodwin
-Theodore Rex by Edmund Morris
-The Rise of Theodore Roosevelt by Edmund Morris
-The Bully Pulpit: Theodore Roosevelt, William Howard Taft, and the Golden Age of Journalism by Doris Kearns Goodwin
-Carnegie by Joseph Frazier Wall

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