10 Questions
Who was the President of the United States at the beginning of the 1920s?
Calvin Coolidge
What was President Coolidge's stance on government intervention in business?
He was against government intervention
Who benefited the most from the tax cuts proposed by President Coolidge?
People who made more than $100,000 a year
What industry did President Coolidge oversee the expansion of?
The new airline industry
What was President Coolidge's stance on aiding farmers and people living in rural areas?
He did little to help them
How did President Coolidge's tax cuts primarily benefit the American population?
The tax cuts primarily benefited the wealthiest Americans, those making more than $100,000 a year.
What were President Coolidge's views and actions regarding the support for farmers and rural areas?
President Coolidge did little to help farmers and people living in rural areas; he twice vetoed a bill to aid farmers and did not support a federal government initiative to build dams on the Tennessee River.
How did President Coolidge's policies on taxes reflect the distribution of wealth in the United States?
President Coolidge's tax policies favored the wealthiest Americans, as tax cuts primarily benefited those making over $100,000 a year, while the majority of married couples made less than $3,500 a year.
What were President Coolidge's main policy goals and how did they align with his pro-business stance?
President Coolidge's main policy goals included overseeing the expansion of the airline industry and regulating the growing radio business. These goals aligned with his pro-business stance as they promoted business growth and development.
In what ways did economic troubles threaten the stability of the United States during the 1920s?
Economic problems in Europe and an uneven distribution of wealth at home posed threats to the stability of the United States during the 1920s.
Study Notes
President Coolidge in the 1920s
- Calvin Coolidge was the President of the United States at the beginning of the 1920s.
Economic Policies
- President Coolidge believed in minimal government intervention in business, promoting a laissez-faire approach.
- He proposed significant tax cuts, which primarily benefited the wealthy and large corporations.
Industry and Agriculture
- President Coolidge oversaw the expansion of the radio industry during his presidency.
- He was not in favor of aiding farmers and people living in rural areas, taking a more individualistic approach.
Taxation and Wealth Distribution
- President Coolidge's tax cuts mainly benefited the wealthy, further widening the wealth gap in the United States.
- His policies reflected the distribution of wealth in the United States, with the wealthy holding a significant portion of the nation's wealth.
Policy Goals and Pro-Business Stance
- President Coolidge's main policy goals aligned with his pro-business stance, promoting limited government intervention and reducing taxes for the wealthy.
Economic Troubles of the 1920s
- Economic troubles, including overproduction and underconsumption, threatened the stability of the United States during the 1920s.
Test your knowledge about the widespread prosperity and underlying economic problems in the 1920s, including President Calvin Coolidge's presidency and the troubled economy.
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