Tag Archive for "Depression" | Calvin Coolidge Presidential Foundation

Calvin Coolidge Says, June 19, 1931

January 12, 2021

Date: June 19, 1931 Location: Northampton, MA (Original document available here) As the income and earning power of the people decline, due to depression, governmental debts and expenses become a real problem. We have been going through an era when nearly all the public debts except those of the national government have been increasing. The […]

Calvin Coolidge Says, July 30, 1930

January 7, 2021

Date: July 30, 1930 Location: Northampton, MA (Original document available here) In Canada the Liberal party has lost control of the government in the recent election, and the Conservative party will have a clear working majority in the incoming parliament. Two elements contributed to this result. The first was business depression, which usually works against the […]

Calvin Coolidge Says, January 28, 1930

December 31, 2020

Date: January 28, 1930 Location: Northampton, MA (Original document available here) One trouble with the argument proposing to revive business by distributing a cash bonus among the veterans of the World War is that it proves too much. If only that were necessary to make good times probably we now should have our greatest peace-time prosperity, […]

Calvin Coolidge Says, July 11, 1930

December 31, 2020

Date: July 11, 1930 Location: Northampton, MA (Original document available here) Some foreign nations seem alarmed at our increases of duties on imports. Such alarm is not justified. On the whole, the increases are moderate and generally intended only to equalize the difference between foreign and domestic costs of production. It ought to be remembered that […]

Calvin Coolidge Says, July 12, 1930

December 31, 2020

Date: July 12, 1930 Location: Northampton, MA (Original document available here) The economic progress not only of our own country but of the world at large has been retarded by three factors of uncertainty, the German bond issue, the tariff revision and the long session of Congress. All of these have now been removed. Business can […]