Although the people liked Coolidge during his time as president, the Great Depression that began in 1929 seriously damaged his reputation and changed the opinions of the people. Many linked the nation's economic collapse to Coolidge's poor policy decisions such as his support of the Revenue Acts. In addition, Coolidge's support for giant corporations resulted in two hundred major corporations controlled more than 50 percent of the nation's wealth. All the corporations refused to lower the prices of their good because no competitions existed. Coolidge was rank among the lowest of American presidents as far as legacy and impact goes.
No comments:
Post a Comment