Calvin Coolidge Takes The Presidential Oath
Calvin Coolidge took the presidential oath of office on August 3, 1923, after the unexpected death in office of President Warren Harding.
The new president inherited an administration plagued and discredited by corruption scandals. In the two remaining years of this term, Coolidge, long recognized for his own frugality and moderation, worked to restore the administration's image and regain the public’s trust. He went on to win the presidential election of 1924 in his own right.
Coolidge believed that government should interfere as little as possible with business and industry. His administration supported tax reductions for U.S. businesses as well as high protective tariffs in support of U.S. goods—which were being produced in greater quantities than ever before. Technological and managerial innovations, improvements in the methods of production, and growing distribution networks made consumer items more generally available. Many Americans purchased cars and radios, vacuum cleaners, and washing machines—taking advantage of increasingly obtainable consumer credit.
John Calvin Coolidge, Jr. (July 4, 1872 – January 5, 1933) was the 30th President of the United States (1923–1929). A Republican lawyer from Vermont, Coolidge worked his way up the ladder of Massachusetts state politics, eventually becoming governor of that state. His actions during the Boston Police Strike of 1919 thrust him into the national spotlight. Soon after, he was elected as the 29th Vice President in 1920 and succeeded to the Presidency upon the death of Warren G. Harding. Elected in his own right in 1924, he gained a reputation as a small-government conservative.
Coolidge restored public confidence in the White House after the scandals of his predecessor's administration, and left office with considerable popularity. As his biographer later put it, "he embodied the spirit and hopes of the middle class, could interpret their longings and express their opinions. That he did represent the genius of the average is the most convincing proof of his strength." Many later criticized Coolidge as part of a general criticism of laissez-faire government. His reputation underwent a renaissance during the Ronald Reagan Administration, but the ultimate assessment of his presidency is still divided between those who approve of his reduction of the size of government and those who believe the federal government should be more involved in regulating and controlling the economy.
After all, the chief business of the American people is business. ”— President Calvin Coolidge,