Question

9. The following excerpt is from a 1921 address to Congress by President Warren G. Harding.

I have said to the people we meant to have less of Government in business as well as more
business in Government. It is well to have it understood that business has a right to pursue its
normal, legitimate, and righteous way unimpeded, and it ought have no call to meet Government
competition where all risk is bome by the Public Treasury.



Which issue is described by this excerpt?


A. Support for the formation of industry trusts and monopolies


B. Dependence on high tariffs rather than taxes to raise revenue


C. Nonintervention policies that would encourage an economic boom


D. Restructuring of the money system and prevention of bank failures

Answer 1

The correct answer is C. Nonintervention policies that would encourage an economic boom.

Step-by-step explanation

Warren Gamaliel Harding (1865-1923) was an American politician who served as President of the United States between March 1921 and August 1923. His presidency was characterized by the non-intervention of the federal state in economic affairs and giving greater freedom to the Private capital.

This is shown in the fragment of his speech when he says "I have said to the people we meant to have less of government in business as well as more business in Government". According to the above, it can be inferred that the correct answer is C.