Um, you have to go back 90 years
Your assertion was foolish. Just because we now lavish gubmint debt spending on economic downturns does not mean it is necessary or wise.
Your education was free this time.
Uh, guy, you wouldn't want to live in 1920 America and neitehr would anyone else.
You do realize just how miserable people were in that time period, with families crammed into one-room apartments, right?
Let's talk about what really happened in that time period. Prior to WWI, the US was a debtor nation. We brought in more goods than we exported. Then WWI broke out, and we ramped up our factories to produce war goods to sell to the allies, (who brought them from us on Credit) and then eventually had to enter the war ourselves to make sure the allies didn't lose and default on their debt. Meanwhile, consumer goods were rationed. Even food, as we transfered much of our food production to the rest of the world.
World War I. Probably the most useless, pointless war the US ever engaged in.
You then had a huge plague known as the SPanish Flu that killed 20 million people world-wide in 1919.
Finally, you had the Russian Revolution, which isolated the USSR, which had previously been the world's largest exporter of wheat. The US then replaced Russia in this regard.
The point was, the entire economic system of the world was disrupted, and a minor recession resulted. What Harding did was actually kind of unimportant, and the most signifigant thing he did- setting up tariffs to protect our industries as the world economy sorted itself out - is something you Coporatist stooges would never go for today.
So the very fact that you seem to think the most important thing that happened was that Harding cut government spending by a very small amount after Wilson had ramped it up so high (it never got below pre-Wilson levels again). Those other things that happened were far more important.