What policies did Calvin Coolidge favor to support economic growth?

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

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Calvin Coolidge was one of the most economically conservative presidents of the 1900s.  The policies which he supported as a way to promote financial growth were very conservative and laissez-faire.  Coolidge once said that most problems would go away if “we would sit down and keep still.” 

Economically, Coolidge essentially tried to reduce the government’s impact as much as he could.  He pressed for the government to reduce the degree to which it regulated the economy.  He pushed for lower taxes.  He also wanted the government to spend less money.  If all of these things were accomplished, he felt that the economy would be freed up to take care of itself.  This would lead to greater prosperity.  Thus, Coolidge favored laissez-faire, small government policies to promote economic growth.

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