Answer to Question #167334 in History for Kathy

Question

What economics ideas drove events during the Harding and Coolidge administration?

Answer 1

Harding and Coolidge believed that leisez- faire economic measures would support the nation to address postwar economic battling. Harding and cooling thought-free functioning of markets and limited government control would allow more businesses in the government. Therefore cutting of federal budget and reducing taxes would boost and expand the business as well as the economy.