who said, “the chief business of the american people is business”? This is a topic that many people are looking for. bluevelvetrestaurant.com is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, bluevelvetrestaurant.com would like to introduce to you American History – Part 162 – Coolidge – Small Govt is good Govt – Frederick Taylor. Following along are instructions in the video below:
To the making of a nation american history in voa special english this week in in our series. Steve ember and shirley griffith talk about calvin coolidge and how he president of the united states. The early nineteen twenties were a troubled time for the united states congress and the public began to discover crimes by several officials in the administration of president warren harding harding himself became seriously sick during a trip to alaska and western states.
He died in a hotel room in california in august. 1923. Hardings vice president calvin coolidge became the new president both men were republicans their policies on issues were much the same coolidge.
However was a very different man. He was completely honest. He was the kind of president the country needed to rebuild public trust in the government calvin coolidge was quiet and plain looking.
He was the son of a farmer and political leader. From the small northeastern state of vermont. Young calvin worked at different jobs to pay for his college education.
He became a lawyer he moved to another northeastern state massachusetts. Where he became active in republican party politics first he was elected mayor of the town then he was elected to the state legislature finally he was elected governor of massachusetts. It was as governor that coolidge first became known throughout the united states in 1919.
A group of policemen in the city of boston tried to start a labor union this violated the rules of the police department. So the commissioner of police suspended 19 of the unions leaders the next day almost 75 of bostons policemen went on strike criminals walked freely through the city for two nights. They robbed stores and threatened public safety frightened americans all across the country waited to see what governor coolidge would do he took strong action.
He called on state troops to end the strike.
He said there is no right to strike against the public safety by anybody anywhere anytime. Most americans approved of what coolidge did the people of massachusetts supported him too they reelected him governor by a large number of votes then in 1920 republicans nominated warren harding for president they nominated calvin coolidge for vice president when president harding died in california coolidge. His wife and two sons moved to the white house americas 30th president.
Was in some ways an unusual kind of person to lead the country. He said. Little he showed few feelings coolidges policies as president were not active he tried to start as few new programs as possible.
He was a conservative republican who believed deeply that government should be small coolidge expressed his belief this way if the federal government should go out of existence. Most people would not note the difference and once he said four fifths of our troubles in this life. Would disappear.
If we would only sit down and keep still coolidge believed that private business. Not the federal government should lead the country to greater wealth and happiness. He continued president hardings policy of supporting american business both inside.
The united states and in other countries. The government under president coolidge continued high taxes on imports in an effort to help american companies. Many americans shared coolidges ideas about small government and big business in the early 1920s.
Many of them were living better than ever before at that time companies were growing larger the prices of their stocks rose higher and higher. There were lots of jobs and the wages of many workers increased americans agreed with their president that there was little need for government spending and government programs. When private industry seemed so strong.
The american economy grew in the 1920s for several reasons.
The world war had destroyed many factories and businesses in europe. The united states did not suffer the same destruction. It was still a young country.
It had great natural resources. Trained workers and a huge market within its own borders. When peace came americans found their economy stronger than any other in the world changes in the american market also helped economic growth installment buying became popular in this system people could buy a product and pay for it over a period of several weeks or months the total cost was higher because they had to pay interest.
But the system made it possible for more people to buy more goods. It also made the idea of borrowing money more acceptable to many americans. The growing importance of the new york stock markets also helped economic growth in the 1920s millions of americans bought shares of stock in companies that seemed to grow bigger every month.
Such investment. Almost became a national game people would buy shares of stock then sell them when the stock rose in value. There were many stories of poor people who became rich overnight by buying the right stocks the american congress also helped the economy by lowering income tax people had more money to spend on new goods.
Another important reason for economic growth was a change in the way american companies were operated during the 1920s. The idea of manufacturing goods in the most scientific way became very popular the father of this idea of scientific management was an engineer frederick taylor. Mr.
Taylor developed a system to study manufacturing he studied each machine involved in the process. He studied how much work each person did he studied how goods moved from one part of a factory to another then he offered ideas to business owners about ways to produce goods faster and for less cost taylors ideas of scientific management appealed to business owners automobile manufacturer henry ford proved that the ideas could work in his new car factory in the state of michigan ford used the assembly line system of production in this system each worker did one thing a product as it moved through the factory. This helped cut prices and increase wages.
Ford and other business men learned a great deal about how to control costs set.
Prices and decide how much to produce all these changes in production and marketing helped. Ford and other american companies grow larger and stronger. Henry.
Ford.s model t car became popular throughout the country. So did other new products radios refrigerators for cooling food vacuums to clean carpets.
Ready made cigarettes beauty products americans in the 1920s began to buy all kinds of new products. They had never used before calvin coolidge was in the white house. However business led the nation times were good americans trusted business and its leaders.
It became an honor to call someone a businessman colleges organized business classes middle class citizens in almost every city and town gathered to discuss business ideas. President coolidge spoke for millions of americans. When he said.
The chief business of the american people is business coolidge represented traditional values and a simple way of life. He knew exactly how every dollar. He earned was saved or spent and he spent no more money than was necessary the strange thing was that coolidge was extremely popular with a public that was spending large amounts of money.
Some economic experts warned that the countrys quick economic growth would end in economic depression. Most americans. However believed that the good times had come to stay they enjoyed the good things in life that work and success in business could bring on our next program.
We will see how the economic growth of the 1920s brought exciting changes to the day to day life of millions of americans. .
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