Opinion of Calvin Coolidge (user search)
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  Opinion of Calvin Coolidge (search mode)
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Question: Opinion of Calvin Coolidge?
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Author Topic: Opinion of Calvin Coolidge  (Read 3701 times)
Deus Naturae
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« on: February 21, 2014, 03:57:57 PM »

HP, a large share of the blame for the Great Depression lays on his shoulders!
You're thinking of Hoover.

FF.
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Deus Naturae
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« Reply #1 on: February 21, 2014, 04:06:37 PM »

No, it wasn't Hoover's fault, did he enact Smoot Hawley which ended up being pretty sh**t? Yes, but he didn't do much to instigate the depression.
What specifically did Coolidge do to cause the Great Depression? Following the Wall Street Crash of 1929, Hoover made matters much worse by implementing massive tax and tariff hikes, as well unprecedented public works spending and subsidization of agriculture. Hoover was probably the most economically interventionist president up to that point.
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Deus Naturae
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« Reply #2 on: February 21, 2014, 04:07:54 PM »

Hoover just inherited the mess Coolidge left for him and took the blame
What? The Great Depression began under Hoover's administration.
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Deus Naturae
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« Reply #3 on: February 21, 2014, 06:06:30 PM »
« Edited: February 21, 2014, 06:18:39 PM by Rep. Deus »

Hoover just inherited the mess Coolidge left for him and took the blame
What? The Great Depression began under Hoover's administration.
So? Just because it began under Hoover doesn't mean he should get 100% of the blame, Coolidge's economic policy helped the depression to start, did Hoover sign some crap that was pretty f**king terrible and may have continued the Depression's existence? Yes, but his policies didn't start it.
Well, yeah, the Wall Street Crash of 1929 started the Depression. However, it was Hoover's interventionist reaction to what could have been a brief but painful recession (like the previous recession of 1920-21) and caused it to become the worst economic period in American history.

Regardless, I don't see how Coolidge is to blame here.
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