Coolidge & Hoover 1923-29 Flashcards
What was Coolidge’s manifesto?
Combined laissez faire with dignity/morality = restore faith in Republicans after Harding scandal, “keep Cool with Coolidge”
What are some features of the “roaring-twenties”?
Republicanism, prohibition, new music/dance, organised crime, consumer goods
What is meant by consumer society?
Nation’s total wealth more than doubled - output of industry, rising living standards + falling prices
What were the similarites btween the presidency of Coolidge & Harding
Followed almost identical policies - nothing to control stock market boom, didn’t investigate fraudalent comapnies
600,000 farmers in financial ruin
African Americans = discrimination
What was “rugged individualism”?
Belief that individuals can succeed on own - government help minimal
Why were tax cuts a significant features in the ideology of Harding & Coolidge?
Believed market/private business made economy work, govt intervention held companies back, more disposable income
