Presidency of Calvin Coolidge

Coolidge made two other appointments following his re-election, with William M. Jardine taking the position of Secretary of Agriculture and John G. Sargent becoming Attorney General.

[12] Stone proved to be a firm believer in judicial restraint and was regarded as one of the court's three liberal justices who would often vote to uphold New Deal legislation.

Fall (who had resigned in March 1923) and Secretary of the Navy Edwin Denby, and additional scandals implicated Attorney General Harry M. Daugherty and former Veterans Bureau director Charles R. Forbes.

As the investigation uncovered further misconduct, Coolidge appointed Atlee Pomerene and Owen Roberts as special prosecutors, but he remained personally unconvinced as to the guilt of Harding's appointees.

[23] Under leadership of Chairman William E. Humphrey, a Coolidge appointee, the FTC largely stopped prosecuting anti-trust cases, allowing companies like Alcoa to dominate entire industries.

[24] Coolidge also avoided interfering with the workings of the Federal Reserve, which kept interest rates low and allowed for the expansion of margin trading in the stock market.

[27] Secretary of Commerce Hoover energetically used government auspices to promote business efficiency and develop new industries like air travel and radio.

[38] Historian Robert Sobel argues instead that Coolidge's belief in federalism guided his economic policy, writing, "as Governor of Massachusetts, Coolidge supported wages and hours legislation, opposed child labor, imposed economic controls during World War I, favored safety measures in factories, and even worker representation on corporate boards...such matters were considered the responsibilities of state and local governments.

[43] Coolidge spent early 1924 opposing the World War Adjusted Compensation Act or "Bonus Bill," which he believed would be a fiscally irresponsible expenditure.

[45] With his legislative priorities in jeopardy following the debate over the Bonus Bill, Coolidge backed off on his goal of lowering the top tax rate down to 25 percent.

Secretary of State Hughes strongly opposed the quotas, particularly the total ban on Japanese immigration, which violated the Gentlemen's Agreement of 1907 with Japan.

[65] McNary–Haugen proposed the establishment of a federal farm board that would purchase surplus production in high-yield years and hold it for later sale or sell it abroad.

Seeking to prevent the creation of a major new government program, Coolidge sought to peel away potential supporters of McNary-Haugen and mobilized businessmen and other groups in opposition to the bill.

[71] He supported the Curtis-Crisp Act, which would have created a federal board to lend money to farm co-operatives in times of surplus, but the bill floundered in Congress.

The Supreme Court was also hostile to federal regulations designed to ensure minimal working conditions, and it declared minimum wage laws unconstitutional in the 1923 case of Adkins v. Children's Hospital.

Politicians responded to the greatly enlarged electorate by emphasizing issues of special interest to women, especially prohibition, child health, public schools, and world peace.

[98] He also repeatedly called for laws to prohibit lynching, saying in his 1923 State of the Union address that it was a "hideous crime" of which African-Americans were "by no means the sole sufferers" but made up the "majority of the victims.

By that time, two-thirds of Native Americans were already citizens, having gained citizenship through marriage, military service, or the land allotments that had earlier taken place.

Coolidge rejected calls to forgive Europe's debt or lower tariffs on European goods, but the Occupation of the Ruhr in 1923 stirred him to action.

On Secretary of State Hughes's initiative, Coolidge appointed Charles Dawes to lead an international commission to reach an agreement on Germany's reparations.

To help Obregón defeat a rebellion, Coolidge also lifted an embargo on Mexico and encouraged U.S. banks to loan money to the Mexican government.

However, Ambassador Dwight Morrow convinced Calles to allow Americans to retain their rights to property purchased before 1917, and Mexico and the United States enjoyed good relations for the remainder of Coolidge's presidency.

[124] Relations with Japan had warmed with the signing of the Washington Naval Treaty and were further bolstered by U.S. aid in the aftermath of the 1923 Great Kantō earthquake, which killed as many as 200,000 Japanese and left another 2 million homeless.

The administration protested the Northern Expedition when it resulted in attacks on foreigners, and refused to consider renegotiating treaties reached with China when it had been under the rule of the Qing dynasty.

Pennsylvania Governor Gifford Pinchot, a progressive Republican and potential rival for the 1924 presidential nomination, quickly settled the strike with little input from the federal government.

Wilson's Treasury Secretary William Gibbs McAdoo had been regarded by many as the front-runner, but his candidacy was damaged by his connection to the Teapot Dome Scandal.

[133] The convention deadlocked over the presidential nominee, and after 103 ballots, the delegates finally agreed on a little-known compromise candidate, John W. Davis, who picked the brother of William Jennings Bryan.

[147] Nonetheless, Hoover's standing at the head of the party was solidified by his handling of the Great Mississippi Flood, and he faced little opposition at the 1928 Republican National Convention.

[159] Greenberg writes: Scholarly opinion looks upon the Coolidge presidency with skepticism, ranking him relatively low among American chief executives in terms of his administration's positive impact and legacy.

Despite his personal integrity, he offered no sweeping vision or program of action that the presidencies of Theodore Roosevelt and Woodrow Wilson had led the public to associate with presidential greatness.

Coolidge signing several bills as General John J. Pershing looks on
Coolidge with his vice president, Charles G. Dawes
Osage men with Coolidge after he signed the bill granting Native Americans on reservations full citizenship
1924 electoral college results
Republican Herbert Hoover defeated Democrat Al Smith in the 1928 election.