select the correct policies and actions for harding and coolidge's administrations
There are several policies and actions undertaken by Harding and Coolidge's administrations that are considered significant. Here are some of them:
Harding Administration:
1. Return to Normalcy: One of the key policies advocated by Harding was the return to normalcy after World War I. This meant a focus on domestic affairs and economic recovery.
2. Fiscal Conservatism: Harding's administration aimed to balance the budget and reduce government intervention in the economy. They emphasized reducing taxes and cutting government spending.
3. Reduction of Regulations: Harding sought to roll back regulations that were perceived to hinder economic growth. This included reducing regulations on businesses and industries.
4. Tax Reductions: The Revenue Act of 1921, passed during Harding's presidency, significantly reduced tax rates for individuals and corporations. This was aimed at stimulating economic growth.
5. Tariff Policies: The Fordney-McCumber Tariff Act of 1922, signed by Harding, raised tariffs on a wide range of imported goods. This policy aimed to protect American industries and farmers from foreign competition.
Coolidge Administration:
1. Continued Fiscal Conservatism: Coolidge, who became president after Harding's death in 1923, continued the policies of fiscal conservatism. He advocated for a balanced budget and reducing government spending.
2. Tax Cuts: Coolidge further reduced taxes through legislation like the Revenue Acts of 1924 and 1926. These tax cuts primarily benefited the wealthy and corporations.
3. Deregulation: Similar to Harding, Coolidge believed in reducing government regulations on businesses. His administration worked towards eliminating unnecessary regulations that were seen as burdensome.
4. Laissez-Faire Economics: Coolidge's administration embraced the ideology of laissez-faire economics, which emphasizes minimal government intervention in the economy. This approach aimed to foster free-market competition and economic growth.
5. Agricultural Policies: Coolidge signed the Agricultural Marketing Act of 1929, which provided federal support to stabilize agricultural prices. This was in response to the economic challenges faced by farmers during that time.
It is important to note that while these policies and actions were implemented, the effectiveness and long-term impact of them can be subjects of debate and varied interpretations.