Presidency of Calvin Coolidge Presidency of Calvin Coolidge The presidency of Calvin Coolidge began on August 2, 1923, when Calvin Coolidge became President of the United States upon the sudden death of Warren G. Harding, and ended on March 4, 1929. A member of the Republican Party, Coolidge had been Vice President of the United States for when he became the 30th President of the United States. Elected to a full four–year term in 1924, Coolidge gained a reputation as a small-government conservative. Coolidge was succeeded by Secretary of Commerce Herbert Hoover after the 1928 presidential election. Coolidge adeptly handled the aftermath of several
Presidency of Calvin Coolidge the FTC largely stopped prosecuting anti-trust cases, allowing companies like Alcoa to dominate entire industries. Coolidge also avoided interfering with the workings of the Federal Reserve, which kept interest rates low and allowed for the expansion of margin trading in the stock market. The 1922 Fordney–McCumber Tariff allowed the president some leeway in determining tariff rates, and Coolidge used his power to raise the already-high rates set by Fordney–McCumber. He also staffed the United States Tariff Commission, a board that advised the president on tariff rates, with businessmen who favored high tariffs. Secretary of Commerce Hoover energetically used government auspices