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Coolidge is widely admired for his stalwart support of racial equality during a period of heightened racial tension, [5] and is highly regarded by advocates of smaller government and laissez-faire economics; supporters of an active central government generally view him far less favorably.
In the 1980s, Ronald Reagan and other conservatives looked to the Coolidge administration as a model of laissez-faire policy. [156] Ferrell praises Coolidge for avoiding major scandals and reducing the debt, but criticizes Coolidge's inactivity in foreign policy and his failure to respond to rising stock market speculation.
The 1928 State of the Union Address was given by the 30th president of the United States, Calvin Coolidge, to a joint session of the 70th United States Congress on December 4, 1928. Delivered at a time of economic prosperity and international peace, Coolidge's message highlighted the nation's growing wealth, peaceful international relations ...
In American political theory, fiscal conservatism or economic conservatism [1] is a political and economic philosophy regarding fiscal policy and fiscal responsibility with an ideological basis in capitalism, individualism, limited government, and laissez-faire economics.
President Calvin Coolidge listened to business and killed the bill twice with vigorous vetoes. Coolidge instead supported the alternative program of Commerce Secretary Herbert Hoover and Agriculture Secretary William M. Jardine to modernize farming, by bringing in more electricity, more efficient equipment, better seeds and breeds, more rural ...
In the 1920s this philosophy found its most publicly prominent voice in President Calvin Coolidge's assertion that "the business of America is business". Critics of this period label it "corporatism", while its adherents generally regard it as a logical extension of the "laissez-faire" principles of natural liberty.
The Netherlands is a model of liberal social policy and laissez-faire economics. Holland has a free market economy, supporting strong petroleum refining and electrical machinery industries ...
There is an ongoing debate between historians as to what extent President Calvin Coolidge's laissez-faire hands-off attitude contributed to the Great Depression. Despite a growing rate of bank failures, he did not heed voices that predicted the lack of banking regulation as potentially dangerous.