5 ms·

What's your point? Coolidge was in fact a very good president.

• medvezhenok 5y ago
  My main beef was with using the stock market to grade a president. I was giving the example of Coolidge because the 255% increase was followed by a 90% decrease, which should also be attributed to him (if we're using the stock market) I'm highly skeptical of the "very good president" claim too. "Although the public liked and admired Calvin Coolidge during his tenure, the Great Depression that began in 1929 seriously eroded his reputation and changed public opinion about his policies. Many linked the nation's economic collapse to Coolidge's policy decisions. His failure to aid the depressed agricultural sector seems shortsighted, as nearly five thousand rural banks in the Midwest and South shut their doors in bankruptcy while many thousands of farmers lost their lands. His tax cuts contributed to an uneven distribution of wealth and the overproduction of goods. Many Americans were deeply in debt for having purchased consumer goods on easy installment credit terms." "...Nevertheless, scholarly opinion looks upon the Coolidge presidency with skepticism, ranking him relatively low among American chief executives in terms of his administration's positive impact and legacy." https://millercenter.org/president/coolidge/impact-and-legacy https://millercenter.org/president/coolidge/impact-and-legac...