Presidents Warren Harding and Calvin Coolidge aimed to reduce government’s role in the economy following two decades of rising tax rates, federal spending, and national debt. Many historians hold them in low esteem, but Harding and Coolidge enacted sound policies that helped make the period from 1921 to 1928 among the most economically productive in American history.

John A. Moore is professor in the Department of Finance and Economics at Walsh College.
American HistoryEconomic History and DevelopmentEconomic PolicyEconomyFederal Budget PolicyFiscal Policy/DebtGovernment and PoliticsLaw and LibertyPolitical TheoryTaxes and Budget
Other Independent Review articles by John A. Moore
Spring 2024 Equality of Opportunity: A Century of Debate
Fall 2022 The Jazz Age President: Defending Warren G. Harding
Summer 2019 Social Justice: Intersecting Catholicism, Citizenship, and Capitalism