Question

How did Calvin Coolidge (and later Herbert Hoover) plan to support business in the USA?

Answer 1

Answer:

The answer is in the explanation bellow

Explanation:

Coolidge is probably best known for his statement that the "business of America is business." This reflected his position that government should interfere as little as possible with businesses and individuals.

Calvin Coolidge (1872-1933), the 30th U.S. president, led the nation through most of the Roaring Twenties, a decade of dynamic social and cultural change, materialism and excess. He took office on August 3, 1923, following the sudden death of President Warren G. Harding (1865-1923), whose administration was riddled with scandal. Nicknamed “Silent Cal” for his quiet, steadfast and frugal nature, Coolidge, a former Republican governor of Massachusetts, cleaned up the rampant corruption of the Harding administration and provided a model of stability and respectability for the American people in an era of fast-paced modernization. He was a pro-business conservative who favored tax cuts and limited government spending. Yet some of his laissez-faire policies also contributed to the economic problems that erupted into the Great Depression.