Calvin Coolidge's presidency, beginning after Harding's death in 1923, was characterized by a soaring stock market performance, with an impressive 208.52% increase. This starkly outperformed modern presidents, including Barack Obama. Coolidge's unwavering pro-business stance, communicated through frequent public addresses, fostered confidence among investors. He focused on a reduced tax environment to encourage investment, a vision articulated in his first address to Congress. Influential figures like Treasury Secretary Andrew Mellon played a significant role in shaping Coolidge's economic policies, emphasizing the private sector's pivotal role in America's economic prosperity.
Coolidge's presidency was marked by a soaring stock market performance, with a 208.52% increase, eclipsing modern presidents like Obama and Clinton.
President Coolidge, through his pro-business agenda, significantly boosted investor confidence, aligning the government’s role in fostering a strong private sector economy.
In his first congressional address, Coolidge laid out an economic vision emphasizing tax reductions, which spurred investment and economic growth.
The influential role of Andrew Mellon, Coolidge's Treasury Secretary, in shaping economic policies was crucial in driving the administration's pro-business agenda.
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