Calvin Coolidge
Definition
The 30th President of the United States (1923-1929) known for his quiet demeanor, fiscal conservatism, and belief in limited government.
Analogy
Think of Coolidge as a strict but fair parent who gives you an allowance but expects you to manage it wisely. He believed in giving businesses freedom to operate without much government interference, hoping they would be responsible and contribute to economic growth.
Related terms
Laissez-faire economics: An economic theory that advocates minimal intervention by government in the economy.
Roaring Twenties: A period during which Coolidge's presidency took place, characterized by significant social and political change, as well as economic prosperity.
Fiscal Conservatism: A political-economic philosophy regarding fiscal policy and fiscal responsibility advocating low taxes, reduced government spending and minimal government debt.
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