1920s are a misunderstood decade along with the Presidency of Calvin Coolidge, 1923 to 1929
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0 replies \ @Bell_curve OP 7 Jul 2024
The 1920s were a transformative decade for the United States, marked by rapid technological advancements and economic growth, despite limited government intervention. Key developments included:
- Widespread electrification of homes and factories, revolutionizing daily life and the economy[1]
- Rapid adoption of automobiles, enabling people to live further from their workplaces and connecting rural areas[1]
- Innovations in communications like telephones, radios, and movies becoming ubiquitous[1]
- Improvements in indoor plumbing, water, sewer, and gas infrastructure[1]
- Emergence of consumer credit and national retail chains[1]
These changes occurred largely due to private sector initiatives, with the federal government largely staying out of the way. President Calvin Coolidge and Treasury Secretary Andrew Mellon implemented supply-side tax cuts and spending restraint, resulting in budget surpluses and economic growth[1].
"Transformative leaders" are often those who expand government, but Coolidge demonstrated the importance of leaders who preserve institutions and stay out of the way to allow private sector innovation to flourish[1].
Sources
[1] A Misunderstood Decade https://coolidgefoundation.org/blog/a-misunderstood-decade/
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