Stock Market Prices

Calvin Coolidge

Calvin Coolidge full name was John Calvin Coolidge born on July 4, 1872, Plymouth, Vermont. On January 5, 1933, Northampton, Massachusetts he died. He was an American politician, the 30th U.S. President (1923-1929), Vice-President (1921-1923).

His ancestor, John Coolidge moved from England to Massachusetts about 1630. Father tried many professions, from school teachers to mechanics, to participate in political life. Calvin Coolidge was the first of a kind Vermont Coolidge, who was able to study in college, where he studied law. From 1897 to practice law, two years later became a member of the city council of Northampton. Afterwards repeatedly elected mayor, a member of the House of Representatives and Senator of Massachusetts, was the deputy governor, in 1918, became governor of the state.

Calvin Coolidge gained national prominence in September 1919 when, in response to the authorities’ refusal to allow a union, the Boston police went on strike and the city began looting and rioting. By order of the mayor of Boston in the city were put riot police state. Later, when the order has already been restored, Coolidge took off to Boston all the available forces. Through these events the governor of Massachusetts has gained a reputation of a strong leader, a champion of law and order. In 1920 he was nominated for vice-president – RNC voted for him mainly as a protest against the decision of the party bosses behind the scenes, nominated as a presidential candidate Senator Warren G. Harding, an obscure and weak policy. In August 1923, after the death of Harding, Calvin Coolidge became president.

Calvin-Coolidge

Board Coolidge had to postwar prosperity (prosperity). Following the classical doctrine of the Republican Party, he avoided interfering in the affairs of business, sought to create an enabling environment for private enterprise by reducing taxes, introduction of high import tariffs. Social policy differed conservatism: he was against the welfare state, twice (1927 and 1928) has vetoed a law passed by Congress on aid to farmers, and his veto on the law on benefits for veterans of the First World War, the Congress managed to overcome the second ballot (1924). However, because of the long economic boom, a calm, balanced style of leadership, lack of corruption scandals in the immediate environment (as opposed to the environment Harding), Calvin Coolidge was popular and in 1924 won the confidence in the next presidential elections, the Democratic candidate, John Davis and the candidate of the Progressive Robert Lafollette party.

In foreign policy, the government Calvin Coolidge helped restore military and industrial potential of Germany (the Dawes Plan), pursued a policy of non-recognition of the Soviet Union, but in general, the president avoided actively in the international arena, partly following traditional American conservatives isolationist views. He spoke out against U.S. involvement in the League of Nations. Several Americans increasingly active in Latin America and the Far East.

The prosperity of the 1920s concealed dangerous imbalances of the U.S. economy. The rapid and uncontrolled development of production is far ahead of effective demand, despite the fact that wages have grown by a third in the years 1922-1929. This led to a crisis of overproduction and the Great Depression of the 1930s that followed the departure of Calvin Coolidge in the White House, who refused to stand for election in 1928.