Question

What was president Warren Harding's attitude towards business?

Answer 1

President Warren Harding believed that the government should help business in order to maximize profit. He claimed that the government would make it easier for businesses to distribute products, especially for resources that people use on a daily basis, such as water and oil. He genuinely wanted to assist in the expansion of the business. He was a cynic when it came to business. As Secretary of State, Harding appointed Mellon (the second richest man in America, who had prospered from oil), who instituted unprecedented tax cuts for the rich.

Step-by-step explanation:

Warren Harding's presidency was marked by a pro-business, conservative Republican policy. During Harding's time, Taxes were cut, particularly for businesses and the wealthy; high protective tariffs were enacted; and immigration was limited.

Answer 2

President Warren Harding believed that the government should help businesses to maximize profit. He claimed that the government would make it easier for businesses to distribute products, especially for resources that people use daily, such as water and oil. He genuinely wanted to assist in the expansion of the business. He was a cynic when it came to business. As Secretary of State, Harding appointed Mellon (the second richest man in America, who had prospered from oil), who instituted unprecedented tax cuts for the rich.

During the sharp deflation of 1920, which lasted about a year, Harding's firm stance helped instill trust among U.S. business interests. During the economic downturn, salaries plummeted, and over 20,000 businesses failed.