Question

Based on the excerpt and your knowledge of U.S. history, how did Harding * 10 points

affect the economic development of the United States when he became
president?
This excerpt is from a speech given by a presidential candidate in
the 1920s.
The world needs to be reminded that all human ills are
not curable by legislation, and that quantity of statutory
enactment and excess of government offer no substitute for
quality of citizenship.
The problems of maintained civilization are not to be solved
by a transfer of responsibility from citizenship to government.
-Senator Warren G. Harding, May 14, 1920
By raising taxes on the wealthy
By adopting laissez-faire business policies
By reducing trade barriers for imported goods
By expanding regulations on corporations

Answer 1

Harding's presidency had a significant impact on the economic development of the United States through his adoption of laissez-faire business policies and reduction of trade barriers for imported goods.

Step-by-step explanation:

The excerpt from Harding's speech suggests that he believed in a hands-off approach to government involvement in the economy, known as laissez-faire. By adopting laissez-faire business policies, Harding aimed to promote economic growth and development by allowing businesses to operate freely without excessive government intervention. This approach included reducing trade barriers for imported goods to stimulate international trade. Additionally, by emphasizing the importance of citizenship and individual responsibility, Harding sought to inspire and empower the American people to contribute to the economic development of the United States.

Learn more about The economic development of the United States under Harding's presidency

Answer 2

Among the options provided, Warren G. Harding affected the economic development of the United States by adopting laissez-faire business policies, emphasizing limited government intervention and promoting a more hands-off approach to economic affairs.

Based on the excerpt and the historical context of Warren G. Harding's presidency, he influenced the economic development of the United States by adopting laissez-faire business policies. Harding, who became president in 1921, advocated for a return to normalcy after the tumultuous period of World War I. His administration favored limited government intervention in the economy and a hands-off approach to business.

Harding's emphasis on "quality of citizenship" and the idea that human ills are not solely curable by legislation reflects a belief in individual responsibility and a limited role for the government in economic affairs. During his presidency, Harding aimed to reduce government interference in business activities, allowing private enterprise to operate with greater freedom.

Key elements of Harding's economic policy included tax cuts, a reduction in government spending, and efforts to promote a pro-business environment. His administration sought to encourage economic growth through policies that favored business expansion and investment.

Therefore, among the options provided, Warren G. Harding affected the economic development of the United States by adopting laissez-faire business policies, emphasizing limited government intervention and promoting a more hands-off approach to economic affairs.