The Talkative President: The Off-The-Record Press Conferences of Calvin Coolidge

By Calvin Coolidge; Howard H. Quint et al. | Go to book overview

7 • The Domestic Economy

NO ACCOUNTING of Coolidge can avoid his most famous remark, ''The business of America is business." In classroom lectures at American universities, this saying usually offers a platform from which facile professors of American history denounce Coolidge and all his works. Only, so runs the inevitable peroration, a Vermont philosopher, down in the basement of the White House counting apples sent to him by an admirer, could have failed to recognize that business in the 1920's rested on an insecure foundation and that government control over the speculative orgy in the United States was imperative.

In fairness one must say that almost no one in the twenties, neither the President nor anyone else, understood the rickety nature of America's postwar business structure. Perhaps Coolidge was even less able to sense the stupidities of American financial organization than were many other men. The President did not have the slightest inclination for stock market speculation. He observed with approval the increase in installment buying, but believed erroneously that it helped poor people budget their money. He read the magazine articles of Professor William Z. Ripley and agreed that it was wrong for corporations to issue nonvoting stock. Unfortunately he coupled this perception with an archaic constitutional interpretation, namely, that only the states, since they issued the charters of incorporation, could regulate corporations. Coolidge admired the great business figures of the

-113-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
The Talkative President: The Off-The-Record Press Conferences of Calvin Coolidge
Table of contents

Table of contents

  • Title Page iii
  • Foreword v
  • Contents xi
  • Introduction 1
  • I 5
  • 1 - Fundamental Vermont 7
  • 2 - The Press Conference 20
  • 3 - Life as President 35
  • II 51
  • 4 - Office of the President 53
  • 5 - The Role of Congress 87
  • 6 - Frugal Government 102
  • 7 - The Domestic Economy 113
  • III 145
  • 8 - The Defense Establishment 147
  • 9 - Debts and Reparations 174
  • 10 - The Old World and the New 201
  • 11 - Vexations of Imperial Power 222
  • 12 - Coping with China and Russia 254
  • Index 267
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 276

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.