A Changing Presidency Flashcards
When did Harding assume office and leave office due to death?
1921 and 1923
Harding’s quote on government and business
‘less government in business, more business in government’
French phrase describing Harding’s/ republican policies at the time
laissez-faire
What tarnished Harding’s reputation at the end of his presidency?
Corrupted officials
What was Coolidge’s reduction on surtax?
40% to 20%
What was the wage increase during Coolidge Presidency?
$1308 to $1716
Which tax did Coolidge abolish?
Gift tax
Which tax did Coolidge halve?
Estate tax
Consumer Credit increase under Coolidge?
$32 billion to $60 billlion
Under Coolidge, how much did Andrew Mellon reduce taxes?
50% to 20%
By the mid 1920s, 200 Companies owned what percentage of the nation’s wealth?
20%
FDR quote on fear during his inaugural speech
‘the only thing we have to fear is fear itself’
What revolutionary form of communication with the public did FDR use to describe his policies?
Fireside chats
In what year were the NRA and AAA ruled to be unconstitutional?
1937
How many Supreme justices did FDR try to add to the existing 9?
6
Coolidge’s quote on business
‘the business of America is business’