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Carregando... The Presidency of Calvin Coolidgede Robert H. Ferrell
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Pertence à sérieAmerican Presidency Series (1998)
Perhaps no American president has seemed less suited to his office or his times than Calvin Coolidge. The taciturn New Englander became a vice presidential candidate by chance, then with the death of Warren G. Harding was thrust into the White House to preside dourly over the Roaring Twenties. Robert Ferrell, one of America's most distinguished historians, offers the first book-length account of the Coolidge presidency in thirty years, drawing on the recently opened papers of White House physician Joel T. Boone to provide a more personal appraisal of the thirtieth president than has previously been possible. Ferrell shows Coolidge to have been a hard-working, sensitive individual who was a canny politician and a clever judge of people. He reveals how after being dubbed the "odd little man from Vermont" by the press, Coolidge cultivated that image in order to win the 1924 election. Alas, Coolidge's long-suffering wife often had to serve as a safety valve for his temper. Ferrell's analysis of the Coolidge years shows how the President represented the essence of 1920s Republicanism. A believer in laissez-faire economics and the separation of powers, he was committed to small government, and he and his predecessors reduced the national debt by a third. More a manager than a leader, he coped successfully with the Teapot Dome scandal and crises in Mexico, Nicaragua, and China, but ignored an overheating economy. Ferrell makes a persuasive case for not blaming Coolidge for the failures of his party's foreign policy; he does maintain that the President should have warned Wall Street about the dangers of overspeculating but lacked sufficient knowledge of economics to do so. Drawing on the most recent literature on the Coolidge era, Ferrell has constructed a meticulous and highly readable account of the President's domestic and foreign policy. His book illuminates this pre-Depression administration for historians and reveals to general readers a President who was stern in temperament and dedicated to public service. Não foram encontradas descrições de bibliotecas. |
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Fortunately for Coolidge (and the nation), most of his term in office coincided with a long period of peace and prosperity, and there appeared little need for a strong executive. On the other hand, however, his final two full years as president (1927-1928) witnessed runaway growth in the stock market and a massive expansion of speculative investment (otherwise known as a bubble) that ended with a loud crash in October 1929, after Coolidge had left office. In retrospect he was criticized for being asleep at the wheel while the American economy ran off the tracks into severe and prolonged depression. Farrell concludes that "the economy was the greatest problem of the moment, and Coolidge understood it less than some of his contemporaries. If he failed in the presidency, this was his major failure...Somehow, one wishes that during the last presidential year or two, the bright, hardworking, slightly cynical, simple (in the right sense of that adjective) man in the White House had fixed his mind on the nation's fragile economy. One wishes that he had gathered the best minds...and asked them what to do, and then, although the task would have been difficult, sought to do it."
It's easy to share Farrell's wish, which was written in 1998, but in light of the economic crisis that befell the nation in 2008, it's difficult to blame Coolidge, who lived in an era of limited economic data and minimal government regulation, for failing to recognize and respond to the same kind of irrational exuberance that George W. Bush and Alan Greenspan recognized but ignored. (