Asked by Grecia Macias on May 12, 2024
Verified
President Calvin Coolidge __________________.
A) raised tax rates on incomes over $50,000
B) engaged in deficit spending
C) vetoed bills that would have established government-backed price supports for staple crops
D) supported attempts to enforce antitrust laws more strictly
Calvin Coolidge
The 30th President of the United States (1923–1929), known for his conservative economic policies and for overseeing a period of peace and prosperity in the 1920s.
Government-backed Price Supports
Financial mechanisms provided by governments to maintain the market price of specific goods or commodities at a predetermined level.
Deficit Spending
The practice of spending more money than is taken in through revenues, leading to a government budget deficit, often financed by borrowing.
- Comprehend the importance of notable political leaders and their strategies in the 1920s for molding the governance and policies of the United States.
Verified Answer
CR
Cecilia RabadánMay 18, 2024
Final Answer :
C
Explanation :
President Calvin Coolidge vetoed bills that would have established government-backed price supports for staple crops. Coolidge believed in laissez-faire economic policies and opposed government intervention in the economy. He also lowered tax rates and reduced government spending during his presidency.
Learning Objectives
- Comprehend the importance of notable political leaders and their strategies in the 1920s for molding the governance and policies of the United States.