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Calvin Coolidge Economic Policy Analysis

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The economic policy of William Harding was very concise because all he wanted was to set the economy back on track after the war. Harding was part of the Republican party and was very focused on trying to make America great again by giving the people hope. Harding wanted to reduce taxes and attempt to get the agricultural industry up and going again due to the aftermath of the war (Silver). Then, he thought of creating a budget for the government through the Budget and Accounting Act of 1921 and bringing more money to America by creating a remarkably high tariff (Faue). Harding had felt that they government needed more restrictions on their spending and taking money from the citizens because the people are the key to getting the economy up …show more content…
Coolidge was part of the Republican party and was very conservative, which explains why he took multiple actions to cut down on welfare so that people can learn to support themselves. As a republican, Coolidge felt that he should take actions to reduce taxes so that the citizens are not left with a burden, and that they might spend their money elsewhere, fueling the economy (Hamilton). Plus, when Coolidge signed the Revenue Act, it re-enforced the idea of him having to reduce income tax and reduce government intervention in the economy (“Presidential”). Coolidge did a fine job of trying to minimize the worries that the citizens had financially and he did so by making sure that they can keep most of the money they earned. Then, since the cabinet disapproved of Coolidge’s principles, he decided to sign the Revenue Act because he felt that everything he was doing was benefiting society. Overall, Calvin Coolidge was the president during the 1920’s and brought a lot of economic success along with him by reducing taxes. This allowed the people to spend money on whatever they want, which is how money circulated through the

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