What was the purpose of Coolidge's economic plans?

History

1 answer:

stepan [7]2 years ago

7 0

Answer:

To decrease the federal budget.

Explanation:

President Calvin Coolidge was the president of the United States from 1923 to 1929 who was one of the few presidents who left office with less financial debt than he first started with. His policy of "economy in government" led to the economic boom in the United States.

His most important work as the president was to make sure that the economy did not unnecessarily burden the people but at the same time, cause no serious damage to the whole economy of the country. He presented an economic plan whereby he reduced the taxes imposed on the common people and also reduce the budget of the federal government. He strongly believed that cutting or reducing both were vital for the sustenance of the country's economy without imposing a massive risk or destruction to the people. Rather, he believed that those who had more income should have the opportunity to "better business, more of the comforts of life, general economic improvement, a larger opportunity for education, and greater freedom for all the people".

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