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Coolidge was NOT chosen by Harding. In those days, the VP was elected by the party.
There was a depression in 1920 that few know of.
Depression of 1920?21 - Wikipedia, the free encyclopedia
Coolidge allowed the economy to correct itself and did not interfere the way the two fools Hoover and FDR did later in the 1930s...which only prolonged the Great Depression causing tremendous suffering.
The depression of 1920 was over in 1921 and the economy boomed for the rest of the decade. The same thing could have happened with the Great Depression, had Hoover and FDR not interfered massively.
One would think W and BO would learn from history, but no. Too many fools become POTUS...and cause terrible damage. When will Americans ever learn....big uncontrolled government always causes problems?
Guy, you are getting your history a bit mixed up here.
The recession of 1920 (largely caused by the international chaos caused by World War I and the Spanish Flu Epidemic, which between them killed 30 million people worldwide) was actually very breif and over by 1921, and like every other recession was solved by a influx of government spending on infrastructure. Harding really was of the progressive mold.
Idiot Coolidge didn't become president until 1923 when Harding died. And, yes, the US was in the catsbird seat because in the post-war order, everyone else was still rebuilding while the US was surging.
Unfortunately, what he didn't do was provide proper oversight of the markets, which is what lead to the 1929 disaster, which was so bad, no one REMEMBERS 1920.