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The Roaring Twenties Were An Era Dominated By Republican Presidents: Warren Harding (1920-1923), Calvin Coolidge
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| Term Paper Title | The Roaring Twenties Were An Era Dominated By Republican Presidents: Warren Harding (1920-1923), Calvin Coolidge |
| # of Words | 279 |
| # of Pages (250 words per page double spaced) | 1.12 |
The Roaring Twenties were an era dominated by Republican presidents: Warren Harding (1920-1923), Calvin Coolidge
(1923-1929) and Herbert Hoover (1929-1933). Under their conservative economic philosophy of laissez-faire ("leave it
alone"), markets were allowed to operate without government interference. Taxes and regulation were slashed dramatically,
monopolies were allowed to form, and inequality of wealth and income reached record levels. The country was on the
conservative's preferred gold standard, and the Federal Reserve was not allowed to significantly change the money supply.
The fact that the Great Depression began in 1929, then, on the Republicans' watch, is a great embarrassment to conservative
economists. Many try to blame the worsening of the Depression on Hoover, for supposedly betraying the laissez-faire
ideology. As the time line in the next section will show, however, almost all of Hoover's government action
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