[Herbert] Hoover wants to be president. It fits his self-image as a benevolent engineer-king destined to save the populace from the vagaries of politics. The people want Hoover to be president; he’s a super-double-war-hero during a time when most other leaders have embarrassed themselves. Even politicians are up for Hoover being president; Woodrow Wilson has just died, leaving both Democrats and Republicans leaderless. The situation seems perfect.
Hoover bungles it. He plays hard-to-get by pretending he doesn’t want the Presidency, but potential supporters interpret this as him just literally not wanting the Presidency. He refuses to identify as either a Democrat or Republican, intending to make a gesture of above-the-fray non-partisanship, but this prevents either party from rallying around him. Also, he might be the worst public speaker in the history of politics.
Warren D. Harding, a nondescript Senator from Ohio, wins the Republican nomination and the Presidency. Hoover follows his usual strategy of playing hard-to-get by proclaiming he doesn’t want any Cabinet positions. This time it works, but not well: Harding offers him Secretary of Commerce, widely considered a powerless “dud” position. Hoover accepts.
Harding is famous for promising “return to normalcy”, in particular a winding down of the massive expansion of government that marked WWI and the Wilson Administration. Hoover had a better idea – use the newly-muscular government to centralize and rationalize American In his first few years in Commerce – hitherto a meaningless portfolio for people who wanted to say vaguely pro-prosperity things and then go off and play golf – Hoover instituted/invented housing standards, traffic safety standards, industrial standards, zoning standards, standardized electrical sockets, standardized screws, standardized bricks, standardized boards, and standardized hundreds of other things. He founded the FAA to standardize air traffic, and the FCC to standardize communications. In order to learn how his standards were affecting the economy, he founded the NBER to standardize government statistics.
But that isn’t enough! He mediates a conflict between states over water rights to the Colorado River, even though that would normally be a Department of the Interior job. He solves railroad strikes, over the protests of the Department of Labor. “Much to the annoyance of the State Department, Hoover fielded his own foreign service.” He proposes to transfer 16 agencies from other Cabinet departments to the Department of Commerce, and when other Secretaries shot him down, he does all their jobs anyway. The press dub him “Secretary of Commerce and Undersecretary Of Everything Else”.
Hoover’s greatest political test comes when the market crashes in the Panic of 1921. The federal government has previously ignored these financial panics. Pre-Wilson, it was small and limited to its constitutional duties – plus nobody knows how to solve a financial panic anyway. Hoover jumps into action, calling a conference of top economists and moving forward large spending projects. More important, he is one of the first government officials to realize that financial panics have a psychological aspect, so he immediately puts out lots of press releases saying that economists agree everything is fine and the panic is definitely over. He takes the opportunity to write letters saying that Herbert Hoover has solved the financial panic and is a great guy, then sign President Harding’s name to them. Whether or not Hoover deserves credit, the panic is short and mild, and his reputation grows.
While everyone else obsesses over his recession-busting, Hoover’s own pet project is saving the Soviet Union. Several years of civil war, communism, and crop failure have produced mass famine. Most of the world refuses to help, angry that the USSR is refusing to pay Czarist Russia’s debts and also pretty peeved over the whole Communism thing. Hoover finds $20 million to spend on food aid for Russia, over everyone else’s objection […]
So passed the early 1920s. Warren Harding died of a stroke, and was succeeded by Vice-President “Silent Cal” Coolidge, a man famous for having no opinions and never talking. Coolidge won re-election easily in 1924. Hoover continued shepherding the economy (average incomes will rise 30% over his eight years in Commerce), but also works on promoting Hooverism, his political philosophy. It has grown from just “benevolent engineers oversee everything” to something kind of like a precursor modern neoliberalism:
Hoover’s plan amounted to a complete refit of America’s single gigantic plant, and a radical shift in Washington’s economic priorities. Newsmen were fascinated by is talk of a “third alternative” between “the unrestrained capitalism of Adam Smith” and the new strain of socialism rooting in Europe. Laissez-faire was finished, Hoover declared, pointing to antitrust laws and the growth of public utilities as evidence. Socialism, on the other hand, was a dead end, providing no stimulus to individual initiative, the engine of progress. The new Commerce Department was seeking what one reporter summarized as a balance between fairly intelligent business and intelligently fair government. If that were achieved, said Hoover, “we should have given a priceless gift to the twentieth century.”
Scott Alexander, “Book Review: Hoover”, Slate Star Codex, 2020-03-17.
December 6, 2024
QotD: Herbert Hoover in the Harding and Coolidge years
October 31, 2023
In the 1920 presidential election, Americans voted overwhelmingly for a return to “normalcy”
Warren G. Harding’s term in office has been treated like a punchline by progressive writers and commentators for a century, but Lawrence W. Reed refutes this easy mockery and points out that the winner of the 1920 election deserves much better:
Routinely dismissed as a bad chief executive, Harding’s reputation is undergoing a long overdue renovation. The latest contribution in that regard is a new, must-read biography by Ryan S. Walters titled, The Jazz Age President. Read it, and you’ll forever be skeptical of the lazy, biased, conventional historians who worship power and those who wield it.
Warren Harding didn’t just tell audiences what they wanted to hear. He sometimes told them what they did not want to hear. He went to Birmingham, Alabama to condemn racism and Jim Crow laws, for example — a fact I’ve previously pointed out.
Conventional historians praise Presidents for the bills they signed into law but often it requires more courage and conviction to veto them. On that score too, Harding can be judged favorably. He vetoed six bills in the 2-1/2 years he served in the White House. None of the six was overridden. That may not sound like a lot but remember, his party controlled both houses by big majorities; Congress didn’t send him much it thought he wouldn’t sign.
Four bills Harding vetoed concerned minor issues and generated little attention, but one concerned a bonus for veterans of World War I. It stirred up quite a fuss. As the bill worked its way through the House and Senate, Harding gave ample warning that he wouldn’t even consider a bonus that wasn’t paid for. Congress ignored him and sent the bill to his desk. He rejected it, noting as follows:
In legislating for what is called adjusted compensation, Congress fails to provide the revenue from which the bestowal is to be paid. We have been driving in every direction to curtail our expenditures and establish economies without impairing the essentials of governmental activities. It has been a difficult and unpopular task. It is vastly more applauded to expend than to deny.
After the Civil War, Congress paid pensions to veterans of the conflict and their dependents. Sixty years later, in 1923, it sent a bill to Harding to grant pensions to women who married aging Civil War veterans long after the war. It even authorized higher payments to them than what recent widows of veterans in the war with Germany were getting. His veto message included this unassailable objection:
The compensation paid to the widows of World War veterans, those who shared the shock and sorrows of the conflict, amounts to $24 per month. It would be indefensible to insist on that limitation upon actual war widows if we are to pay $50 per month to widows who marry veterans 60 years after the Civil War.
Congress should have known better than to expect Harding to sign such bills. This was the same man who declared at his modest, unembellished inauguration that “Our most dangerous tendency is to expect too much of government”. He had expressed a desire to put “our public household in order”. He said he wanted “sanity” in economic policy, combined with “individual prudence and thrift, which are so essential to this trying hour and reassuring for the future”.
If somebody told me all that, I wouldn’t even think of asking him to approve a check for an able-bodied 30-year-old simply because she married an 80-year-old veteran.
This was the same Warren Harding, remember, who gave the country perhaps the best Treasury Secretary in its history, Andrew Mellon. According to historian Burton Folsom, Mellon slashed government expenses and eliminated an average of one Treasury staffer per day for every single day he held the office. Harding, Mellon and Calvin Coolidge (Harding’s successor), together with a friendly Congress, reduced the federal budget and cut the national debt by more than one-third.
August 2, 2023
QotD: The Coolidge years
I washed my car this morning and it rained this afternoon. Therefore, washing cars causes rain.
So-called “progressives” tell us that Calvin Coolidge was a bad president because the Great Depression started just months after he left office.
This is precisely the same, lame argument expressed in two different contexts.
In five years (August 2023), we will mark the 100th anniversary of the day that Silent Cal became America’s 30th President. I intend to celebrate it along with others who believe in small government, but you can bet there’ll be plenty of progressives trying to rain on our parade. So let’s get those umbrellas ready.
Let’s remember that the eight years of Woodrow Wilson (1913-1921) were economically disastrous. Taxes soared, the dollar plummeted, and the economy soured. A sharp, corrective recession in 1921 ended quickly because the new Harding-Coolidge administration responded to it by reducing the burden of government. When Harding died suddenly in 1923, Coolidge became President and for the next six years, America enjoyed the unprecedented growth of “the Roaring ’20s.” Historian Burton Folsom elaborates:
One measure of prosperity is the misery index, which combines unemployment and inflation. During Coolidge’s six years as president, his misery index was 4.3 percent — the lowest of any president during the twentieth century. Unemployment, which had stood at 11.7 percent in 1921, was slashed to 3.3 percent from 1923 to 1929. What’s more, [Coolidge’s Treasury Secretary] Andrew Mellon was correct on the effects of the tax-rate cuts — revenue from income taxes steadily increased from $719 million in 1921 to over $1 billion by 1929. Finally, the United States had budget surpluses every year of Coolidge’s presidency, which cut about one-fourth of the national debt.
That’s a record “progressives” can only dream about but never deliver. Yet when they rank U.S. presidents, Coolidge gets the shaft. If you can get your hands on a copy of the out-of-print 1983 book, Coolidge and the Historians by Thomas Silver, buy it! You’ll be delighted at what Coolidge actually said, and simultaneously incensed at the shameless distortions of his words at the hands of progressives like Arthur Schlesinger.
Lawrence W. Reed, “Cal and the Big Cal-Amity”, Foundation for Economic Education, 2018-07-25.
April 12, 2022
Calvin Coolidge: The Silent President
Biographics
Published 27 Sep 2021Simon’s Social Media:
Twitter: https://twitter.com/SimonWhistler
Instagram: https://www.instagram.com/simonwhistler/This video is #sponsored by Squarespace.
Source/Further reading:
Miller Center, in-depth overview: https://millercenter.org/president/co…
History Today, overview: https://www.historytoday.com/archive/…
New Yorker, “The case for Coolidge” (cached): https://webcache.googleusercontent.co…
NY Times, “Coolidge, the great refrainer”: https://www.nytimes.com/2013/02/17/bo…
NY Times, 1933 obituary for Coolidge: https://archive.nytimes.com/www.nytim…
Atlantic, “Coolidge and depression”: https://www.theatlantic.com/magazine/…
Politico, “How Coolidge survived the Harding-era scandals”: https://www.politico.com/magazine/sto…
History, “Boston Police Strike of 1919”: https://www.history.com/this-day-in-h…
Coolidge letter written after death of his son: https://www.shapell.org/manuscript/pr…
March 14, 2022
“Mister, we could use a man like Herbert Hoover Warren Harding again …”
Kind words for the oft-maligned 29th president of the United States? Daniel J. Mitchell is all over it:
Today, we’re going to celebrate the fiscal achievements of Warren Harding.
Most notably, as illustrated by this chart based on OMB data, he presided over a period of remarkable spending discipline.
Harding also launched very big — and very effective — reductions in tax rates.
And his agenda of less government and lower tax rates helped bring about a quick end to a massive economic downturn (unlike the big-government policies of Hoover and Roosevelt, which deepened and lengthened the Great Depression).
In an article for National Review last year, Kyle Smith praised President Harding’s economic stewardship.
In a moment of national crisis, Warren G. Harding restored the economic health of the United States … America in 1921 was in a state of crisis, reeling from the worst recession in half a century, the most severe deflationary spiral on record … Unemployment, it is now estimated, stood somewhere between 8.7 and 11.7 percent as returning soldiers inflated the size of the working-age population.
Between 1919 and August of 1921 the Dow Jones average plummeted 47 percent. Harding’s response to this emergency was largely to let the cycle play out … The recession ended in mid-year, and boom times followed. Harding and Congress cut federal spending nearly in half, from 6.5 percent of GDP to 3.5 percent. The top tax rate came down from 73 percent to 25, and the tax base broadened. Unemployment came down to an estimated 2 to 4 percent … Harding was a smashing success in a historically important role as the anti-Wilson: He restored a classically liberal, rights-focused, limited government, and deserves immense credit for the economic boom that kicked off in his first year and continued throughout the rest of the 1920s.
Smith’s article also praises Harding for reversing some of Woodrow Wilson’s most odious policies, such as racial discrimination and imprisoning political opponents (Wilson also had a terrible record on economic issues).
Of course, Harding’s term is much more often remembered for the scandals, and as most modern historians are far more interested in Woodrow Wilson’s bold progressivism they almost always decry Harding and then Coolidge for dismantling a lot of Wilson’s more enthusiastic progressive projects. Even H.L. Mencken — very much not a Wilson fan — found Harding to be not to his taste in turn:
On the question of the logical content of Dr. Harding’s harangue of last Friday, I do not presume to have views … But when it comes to the style of the great man’s discourse, I can speak with … somewhat more competence, for I have earned most of my livelihood for twenty years past by translating the bad English of a multitude of authors into measurably better English. Thus qualified professionally, I rise to pay my small tribute to Dr. Harding. Setting aside a college professor or two and half a dozen dipsomaniacal newspaper reporters, he takes the first place in my Valhalla of literati. That is, he writes the worst English that I have ever encountered. It reminds me of a string of wet sponges; it reminds me of tattered washing on the line; it reminds me of stale bean soup, of college yells, of dogs barking idiotically through endless nights. It is so bad that a sort of grandeur creeps into it. It drags itself out of the dark abysm … of pish, and crawls insanely up to the topmost pinnacle of posh. It is rumble and bumble. It is flap and doodle. It is balder and dash.
June 17, 2021
The Real Indiana Jones and his Jurassic Quests | BETWEEN 2 WARS I E.20 Summer 1923
TimeGhost History
Published 16 Jun 2021On their search for the origins of humanity, the expedition led by Roy Chapman Andrews makes some amazing discoveries in the Gobi Desert, including the uncovering of dinosaur eggs and velociraptors. Who knew paleontology could be so cool?
(more…)
April 23, 2021
Treaties and War, The Washington Naval Conference
The History Guy: History Deserves to Be Remembered
Published 17 Aug 2017The History Guy remembers the Washington Naval Conference, a watershed in diplomacy.
The episode discusses events and shows some artwork depicting warships, which some viewers may find disturbing. All events are described for educational purposes and are presented in historical context.
The History Guy uses images that are in the Public Domain. As photographs of actual events are often not available, I will sometimes use photographs of similar events or objects for illustration.
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The History Guy: Five Minutes of History is the place to find short snippets of forgotten history from five to fifteen minutes long. If you like history too, this is the channel for you.
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teespring.com/stores/the-history-guyThe episode is intended for educational purposes. All events are presented in historical context.
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March 11, 2021
Women’s Vote Leads to Bolshevism and Welfare | B2W: ZEITGEIST! I E.13 – Harvest 1921
TimeGhost History
Published 10 Mar 2021This season not only marks the birth of the American welfare state, but it will also see women make great strides towards universal suffrage. But as you can imagine, none of these things come without significant opposition.
Join us on Patreon: https://www.patreon.com/TimeGhostHistory
Hosted by: Indy Neidell
Written by: Francis van Berkel
Director: Astrid Deinhard
Producers: Astrid Deinhard and Spartacus Olsson
Executive Producers: Astrid Deinhard, Indy Neidell, Spartacus Olsson, Bodo Rittenauer
Creative Producer: Maria Kyhle
Post-Production Director: Wieke Kapteijns
Research by: Francis van Berkel
Edited by: Michał Zbojna
Sound design: Marek KamińskiColorizations:
Daniel Weiss – https://www.facebook.com/TheYankeeCol…
Mikołaj Uchman
KlimbimSources:
Some images from the Library of CongressIcons from The Noun Project:
Birth by Adrien Coquet
dead by AomAm
mother by Fahmihorizon
United States Capitol by József Balázs-Hegedüs
noun_House of Representatives
House of Representatives Full by Sarah LawrenceSoundtracks from Epidemic Sound:
“Epic Adventure Theme 3” – Håkan Eriksson
“You’re Trouble” – Rich in Rags
“I’d Rather Be Alone” – Franz Gordon
“Redefine” – Megan Wofford
“Age Of Men” – Jo WandriniArchive by Screenocean/Reuters https://www.screenocean.com.
A TimeGhost chronological documentary produced by OnLion Entertainment GmbH.
From the comments:
TimeGhost History
2 days ago
America has so far been a pretty big topic in this season, and it again takes center stage in this episode. Considering its monumental role in twentieth-century history, this is only natural. Still, we like to give an international history as possible, so it’s exciting to also introduce Sweden here. It is a small country but historically significant for a number of reasons. It is a pioneer in social democracy, a country that has consistently stayed neutral in world affairs since 1814, and last but not least, the home of Indy Neidell.
February 28, 2021
QotD: The essential role of writers like Twain and Mencken
Mencken lived in horror of the American people, “who put the Hon. Warren Gamaliel Harding beside Friedrich Barbarossa and Charlemagne, and hold the Supreme Court to be directly inspired by the Holy Spirit, and belong ardently to every Rotary Club, Ku Klux Klan, and anti-Saloon League, and choke with emotion when the band plays ‘The Star-Spangled Banner.'” Much of that horror was imaginary, and still is. But we must have horror, especially in politics. How else to justify present and familiar horror except but by reference to a greater horror? In this year’s election, each candidate’s partisans already have been reduced to making the argument that while their own candidate might be awful, the other candidate is literally akin to Adolf Hitler. Yesterday, I heard both from Clinton supporters and Trump supporters that the other one would usher in Third Reich U.S.A. “Don’t tell yourself that it can’t happen here,” one wrote.
A nation needs its Twains and Menckens. (We could have got by without Molly Ivins.) The excrement and sentimentality piles up high and thick in a democratic society, and it’s sometimes easier to burn it away rather than try to shovel it. But they are only counterpoints: They cannot be the leading voice, or the dominant spirit of the age. That is because this is a republic, and in a republic, a politics based on one half of the population hating the other half is a politics that loses even if it wins. The same holds true for one that relies on half of us seeing the other half as useless, wicked, moronic, deluded, or “prehensile morons.” (I know, I know, and you can save your keystrokes: I myself am not running for office.) If you happen to be Mark Twain, that sort of thing is good for a laugh, and maybe for more than a laugh. But it isn’t enough. “We must not be enemies,” President Lincoln declared, and he saw the republic through a good deal worse than weak GDP growth and the sack of a Libyan consulate.
Kevin D. Williamson, “Bitter Laughter: Humor and the politics of hate”, National Review, 2016-08-11.
December 10, 2019
In praise of Warren Gamaliel Harding
At Essays in Idleness, David Warren says nice things about an American president who rarely gets any love from historians:
Like most politicians, W. G. Harding was only semi-literate, yet well above the average. The Ivy League types are still querying his use of “normalcy,” which the Natted States president used during his election campaign of 1920. Harding himself ranks low in the polls of “Great American Presidents,” though he was quite popular until his death. That mistake, committed after a heart attack in San Francisco, anno 1923, was the first of several. It was discovered that his administration had been rather corrupt, and himself guilty of an adultery. One might say he was “impeached,” posthumously. Today, they impeach Republican presidents for breathing.
Warren Gamaliel Harding is naturally among my favourite presidents. This has something to do with his “return to normalcy.” For the better part of a decade, his countrymen had suffered under the ministrations of progressive Democrats, such as the unspeakable Woodrow Wilson, and from such foreign entanglements as the First World War. The federal budget was being blown to heck, and society was on the verge of the Jazz Age.
Harding, who stayed home in Marion, Ohio, for most of his presidential campaign — rather than “pressing the flesh” and risking the influenza — won by a landslide, promising: “Not heroics, but healing; … not revolution, but restoration; not agitation, but adjustment; not surgery, but serenity; not the dramatic, but the dispassionate; not experiment, but equipoise; not submergence in internationality, but sustainment in triumphant nationality.”
Oh yes and, “not nostrums, but normalcy.”
The quote, which I have filched from the Wicked Paedia, is semi-literate throughout. Harding was a man who had an unhealthy relationship with a dictionary, and to his other sins, we must add an addiction to semi-colons. Still, “The Peeple” could guess what he meant. He wanted America to move backwards. He thought the whole country should forget about recent lunatic adventures, and return to her wonted calm.
Al Stewart wrote a song called “Warren Harding” (lyrics here):
January 4, 2019
The US Turns Away from the World to Prohibition and Crime I Between 2 Wars I 1921 Part 1 of 2
TimeGhost History
Published on 3 Jan 2019After an unpopular war and facing unrest at home, the US returns to isolationism after half a century of gradually opening up to the world. On the home front, prohibition gives rise to more problems of the very kinds it meant to solve; crime and debauchery, and one the biggest crooks is in the White House.
Join us on Patreon: https://www.patreon.com/TimeGhostHistory
Hosted by: Indy Neidell
Directed by: Spartacus Olsson
Written by: Spartacus Olsson and Rune Væver Hartvig
Produced by: Astrid Deinhard
Executive Producers: Bodo Rittenauer, Astrid Deinhard, Indy Neidell, Spartacus Olsson
Edited by Wieke KapteijnsThumbnail depicts US President Warren G. Harding as in his official presidential portrait.
Video Archive by Screenocean/Reuters http://www.screenocean.com
A TimeGhost chronological documentary produced by OnLion Entertainment GmbH
From the comments:
Now… before all you modern liberals and modern conservatives get your panties in a bunch; listen carefully to what Indy says in this video this is not about right or left wing politics in the modern sense, and this video is not about 2018 any parallels you infer to today will by force be way, way off the mark, the world of the 1920s was a very different place. If you have the desire to draw parallels to today we can’t stop you (we disagree on principle, but hey), in any case we’re not telling this part of American history for that reason, this is just the way it happened and we have to cover these events and movements to understand yet another little piece of the puzzle that was laid as the foundation for World War Two.
September 28, 2018
The staunch Progressive dismissal of Warren Harding and Calvin Coolidge
In Richard Epstein’s review of Jill Lepore’s recent book These Truths: A History of the United States, there’s some interesting discussion of the Harding and Coolidge administrations:
Lepore’s narrative of this period begins with President Warren Harding, who, she writes, “in one of the worst inaugural addresses ever delivered,” argued, in his own words, “for lightened tax burdens, for sound commercial practices, for adequate credit facilities, for sympathetic concern for all agricultural problems, for the omission of unnecessary interference of Government with business, for an end to Government’s experiment in business, for more efficient business in Government, and for more efficient business in Government administration.” Harding’s sympathetic reference of farmers is a bit out of keeping with the rest of his remarks. Indeed, farmers had already been a protected class before 1920, and the situation only got worse when Franklin Roosevelt’s administration implemented the Agricultural Adjustment Acts of the 1930s, which cartelized farming. But for all her indignation, Lepore never explains what is wrong with Harding’s agenda. She merely rejects it out of hand, while mocking Harding’s conviction.
Given her doggedly progressive premises, Lepore may have predicted a calamitous meltdown in the American economy under Harding, but exactly the opposite occurred. Harding appointed an exceptionally strong cabinet that included as three of its principal luminaries Charles Evans Hughes as Secretary of State, Andrew Mellon as Secretary of Treasury, and Herbert Hoover as the ubiquitous Secretary of Commerce, with a portfolio far broader than that position manages today. And how did they perform? Lepore does not mention that Harding coped quickly and effectively with the serious recession of 1921 by refusing to follow Hoover’s advice for aggressive intervention. Instead, Harding initiated powerful recovery by slashing the federal budget in half and reducing taxes across the board. Both Roosevelt and Obama did far worse in advancing recovery with their more interventionist efforts.
To her credit, Lepore notes the successes of Harding’s program: the rise of industrial production by 70 percent, an increase in the gross national product by about 40 percent, and growth in per capita income by close to 30 percent between 1922 and 1928. But, she doesn’t seem to understand why that recovery was robust, especially in comparison with the long, drawn-out Roosevelt recession that lingered on for years when he adopted the opposite policy of extensive cartelization and high taxes through the 1930s.
Lepore is on sound ground when she attacks Harding and Coolidge for their 1920s legislation that isolated the American economy from the rest of the world. The Immigration Act of 1924 responded to nativist arguments by seriously curtailing immigration from Italy and Eastern Europe, subjecting millions to the ravages of the Nazis a generation later. Harding and Coolidge also increased tariffs on imports during this period. What Lepore never quite grasps is that any critique of these actions rests most powerfully on the classical liberal worldview that she rejects. Indeed, Harding and Coolidge exhibited the same intellectual confusion that today animates Donald Trump, who gets high marks for supporting deregulation and tax reductions at home, while simultaneously indulging in unduly restrictive immigration policies and mercantilist trade wars abroad. Analytically, however, the same pro-market policies should control both domestically and abroad. Hoover never got that message — as president, he signed the misguided Smoot-Hawley Tariff Act of 1930 that sharply reduced the volume of international trade to the detriment of both the United States and all of its trading partners, which helped turn what had been a short-term stock market downturn in 1929 into the enduring Great Depression of the 1930s.
September 21, 2014
The Roosevelts and the foundation of the Imperial Presidency
Amity Shlaes on the recent Ken Burns documentary on Teddy Roosevelt, FDR, and Eleanor Roosevelt:
“He is at once God and their intimate friend,” wrote journalist Martha Gellhorn back in the 1930s of President Franklin Roosevelt. The quote comes from The Roosevelts, the new Ken Burns documentary that PBS airs this month. But the term “documentary” doesn’t do The Roosevelts justice. “Extravaganza” is more like it: In not one but 14 lavish hours, the series covers two great presidents, Theodore Roosevelt, who served in the first decade of the last century, and Franklin Roosevelt, who led our nation through the Great Depression and to victory in World War II. In his use of the plural, Burns correctly includes a third Roosevelt: Eleanor, who as first lady also affected policy, along with her spouse.
[…]
Absent, however, from the compelling footage is any display of the negative consequences of Rooseveltian action. The premise of Theodore Roosevelt’s trustbusting was that business was too strong. The opposite turned out to be true when, bullied by TR, the railroads promptly collapsed in the Panic of 1907. In the end it fell to TR’s very target, J. P. Morgan, to organize the rescue on Wall Street.
The documentary also neglects to mention that the economy of the early 1920s proved likewise fragile — casualty, in part, to President Woodrow Wilson’s fortification of TR’s progressive policies. Presidents Warren Harding and Calvin Coolidge poured their own energy into halting the expansion of an imperial presidency and sustaining the authority of the states. This endeavor, anti-progressive, also won approbation: In 1920, the Harding-Coolidge ticket beat Cox-Roosevelt. The result of the Harding-Coolidge style of presidency was genuine and enormous prosperity. The 1920s saw the arrival of automobiles, indoor toilets, and the very radios that FDR would later use so effectively to his advantage. Joblessness dropped; the number of new patents soared. TR had enjoyed adulation, but so did his mirror opposite, the refrainer Coolidge.
When it comes to the 1930s, such twisting of the record becomes outright distortion. By his own stated goal, that of putting people to work, Roosevelt failed. Joblessness remained above 10 percent for most of the decade. The stock market did not come back. By some measures, real output passed 1929 levels monetarily in the mid 1930s only to fall back into a steep depression within the Depression. As George Will comments, “the best of the New Deal programs was Franklin Roosevelt’s smile.” The recovery might have come sooner had the smile been the only New Deal policy.
So great is Burns’s emphasis on the Roosevelt dynasty that William Howard Taft, Woodrow Wilson, Warren Harding, Calvin Coolidge, and Herbert Hoover come away as mere seat warmers in the White House. Especially puzzling is the neglect of TR’s progressive heirs, Taft and Wilson, who, after all, set the stage for FDR. This omission can be explained only by Burns’s desire to cement the reign of the Roosevelts. On the surface, the series’ penchant for grandees might seem benign, like the breathless coverage of Princess Kate’s third trimester in People magazine. In this country, elevating presidential families is a common habit of television producers; the Kennedys as dynasty have enjoyed their share of airtime. Still, Burns does go further than the others, ennobling the Roosevelts as if they were true monarchs, gods almost, as in Martha Gellhorn’s above mentioned line. Burns equates progressive policy with the family that promulgates it. And when Burns enthrones the Roosevelts, he also enthrones their unkingly doctrine, progressivism.