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- LanguageEnglish
- PublisherHarper
- Publication dateFebruary 12, 2013
- File size18258 KB
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A Dialogue Between Amity Shlaes and Paul Volcker, former chairman of the Federal Reserve Bank
Amity Shlaes: I like Coolidge, but do you, Paul, think he matters? Coolidge was president in the 1920s. That’s a long time ago.
Paul Volcker: Well there are some parallels to current times. During his time, Coolidge was under great pressure, much like today. Even before he was president, as governor of Massachusetts, Coolidge was forced into the Boston police strike. He took a principled stance.
AS:You mean, he fired the police, who were good people. But he felt he had to fire them, because Boston fell into chaos when they left their post.
PV: Yes, that attracted a lot of attention, and for good reason. He was a good man himself. Sometimes I wish we had more principled men serving in government now.
AS: Is that kind of principled action even possible today?
PV: It is obviously difficult. But in the area of monetary policy the received wisdom has been that by removing decision-making a bit away from raw political life, you have a better chance of following reasonable, disciplined policy, and taking a longer term view. That is the hope.
AS: Coolidge tried to live a clean life. Harding had partied. Does that matter?
PV: Yes.
AS: What about the Federal Reserve Bank’s policy in the late teens and early 1920s? The Fed’s boss then, W.P.G. Harding, took a lot of criticism for supporting tightening.
PV: Central banking theory was not very well developed in those days, and it certainly was not well developed in the United States. But there was a sense that since there was inflation, raising interest rates was appropriate. The policy was not terribly active; there were no concerted open market operations in those days. The Federal Reserve was more reactive than an initiating instrument. It so happened they had a big inflation followed by a big, but short, recession. There are debates to this day as to whether the Federal Reserve failed to react soon enough given the depth of the recession or whether the hands-off attitude led to the rapid recovery after they dealt with the inflation.
AS: At the Federal Reserve W.P.G. Harding raised interest rates 300 basis points, which was basically doubling it, to squeeze out inflation.
PV: 300 basis points is nothing anymore (laughs).
AS: Congress blamed the fed’s head back then for the recession. Is it hard to be the Fed Head when people blame you for recession? You had recessions.
PV: Of course! You’re willing to experience it once, you don’t like to have one twice.
AS: Are there ways Coolidge was better than Ronald Reagan? Or, at the least, does Silent Cal warrant an upgrade?
PV: Coolidge is forgotten and Reagan is a hero. Coolidge had the police strike, Reagan had the strike of the air traffic controllers. Coolidge didn’t like to spend money, Reagan liked to reduce taxes.
AS: What’s important?
PV: Coolidge balanced the budget. Saving, we don’t do that anymore. Instead we rely on Social Security and government. Now we fight about all the entitlements, those programs didn’t even exist back in Coolidge’s day.
AS: What’s your summary?
PV: What we understood was that Coolidge was kind of a do-nothing president. He took over for Harding, he was an honest guy, he was kind of open and frugal, but that was it. But in fact there’s so much to learn from Coolidge. Any president is going to face a lot of problems and Coolidge faced up to them. He produced, after Harding, honest government. He contributed to some degree of trust in government. Americans today need to read Amity’s biography to learn more about him.
--This text refers to an out of print or unavailable edition of this title.About the Author
Amity Shlaes writes a column for Forbes and serves as the chairman of the Calvin Coolidge Presidential Foundation. She is the author of the New York Times bestsellers Coolidge, The Forgotten Man, and The Greedy Hand. She chairs the jury for the Hayek Book Prize of the Manhattan Institute. She lives in Brooklyn, New York.
--This text refers to an out of print or unavailable edition of this title.From the Back Cover
Calvin Coolidge, president from 1923 to 1929, never rated highly in polls, and history has remembered the decade in which he served as an extravagant period predating the Great Depression. Now Amity Shlaes provides a fresh look at the 1920s and its elusive president, showing that the mid-1920s was in fact a triumphant period that established our modern way of life: The nation electrified, Americans drove their first cars, and the federal deficit was replaced with a surplus. Coolidge is an eye-opening biography of the little-known president behind that era of remarkable growth and national optimism. Coolidge's trademark discipline and composure, Shlaes reveals, represented not weakness but strength, and he proved unafraid to take on the divisive issues of this crucial period: reining in public sector unions, unrelentingly curtailing spending, and rejecting funding for new interest groups. He reduced the federal budget even as the economy grew, wages rose, taxes fell, and unemployment dropped.
In this magisterial biography, Amity Shlaes captures the remarkable story of Calvin Coolidge and the decade of extraordinary prosperity that grew from his leadership.
--This text refers to an out of print or unavailable edition of this title.Review
Product details
- ASIN : B006SJCM0I
- Publisher : Harper; Reprint edition (February 12, 2013)
- Publication date : February 12, 2013
- Language : English
- File size : 18258 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Sticky notes : On Kindle Scribe
- Print length : 595 pages
- Best Sellers Rank: #165,048 in Kindle Store (See Top 100 in Kindle Store)
- #79 in Biographies of US Presidents
- #276 in Read & Listen for $14.99 or Less
- #439 in US Presidents
- Customer Reviews:
About the author
Amity Shlaes is proud to announce the publication of GREAT SOCIETY: A NEW HISTORY (HarperCollins). Many readers will remember THE FORGOTTEN MAN, a history of the 1930s. This book is the sequel, treating the Great Society programs of the 1960s, as well as the underdescribed efforts of the private sector-- far more important than we remember.
Miss Shlaes is the author of four New York Times bestsellers, COOLIDGE, THE FORGOTTEN MAN, THE FORGOTTEN MAN/GRAPHIC and THE GREEDY HAND.
Miss Shlaes chairs the board of the Calvin Coolidge Presidential Foundation. She chairs the Hayek Prize, a prize for free market books given by the Manhattan Institute.
She is a presidential scholar at the Kings College/New York.
Miss Shlaes has been the recipient of the Hayek Prize, the Frederic Bastiat Prize of the International Policy Network, the Warren Brookes Prize (2008) of the American Legislative Exchange Council, as well as being a two-time finalist for the Loeb Prize (Anderson School/UCLA).
She is a magna cum laude graduate of Yale College and did graduate work at the Freie Universitaet Berlin on a DAAD fellowship. She and her husband, the editor and author Seth Lipsky, have four children.
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Although many in the cities would consider their rural life far from the nearest railroad terminal hard-scrabble, the family was sufficiently prosperous to pay for young Calvin (the name he went by from boyhood) to attend private schools, boarding with families in the towns where they were located and infrequently returning home. He followed a general college preparatory curriculum and, after failing the entrance examination the first time, was admitted on his second attempt to Amherst College as a freshman in 1891. A loner, and already with a reputation for being taciturn, he joined none of the fraternities to which his classmates belonged, nor did he participate in the athletics which were a part of college life. He quickly perceived that Amherst had a class system, where the scions of old money families from Boston who had supported the college were elevated above nobodies from the boonies like himself. He concentrated on his studies, mastering Greek and Latin, and immersing himself in the works of the great orators of those cultures.
As his college years passed, Coolidge became increasingly interested in politics, joined the college Republican Club, and worked on the 1892 re-election campaign of Benjamin Harrison, whose Democrat opponent, Grover Cleveland, was seeking to regain the presidency he had lost to Harrison in 1888. Writing to his father after Harrison's defeat, his analysis was that “the reason seems to be in the never satisfied mind of the American and in the ever desire to shift in hope of something better and in the vague idea of the working and farming classes that somebody is getting all the money while they get all the work.”
His confidence growing, Coolidge began to participate in formal debates, finally, in his senior year, joined a fraternity, and ran for and won the honour of being an orator at his class's graduation. He worked hard on the speech, which was a great success, keeping his audience engaged and frequently laughing at his wit. While still quiet in one-on-one settings, he enjoyed public speaking and connecting with an audience.
After graduation, Coolidge decided to pursue a career in the law and considered attending law school at Harvard or Columbia University, but decided he could not afford the tuition, as he was still being supported by his father and had no prospects for earning sufficient money while studying the law. In that era, most states did not require a law school education; an aspiring lawyer could, instead, become an apprentice at an established law firm and study on his own, a practice called reading the law. Coolidge became an apprentice at a firm in Northampton, Massachusetts run by two Amherst graduates and, after two years, in 1897, passed the Massachusetts bar examination and was admitted to the bar. In 1898, he set out on his own and opened a small law office in Northampton; he had embarked on the career of a country lawyer.
While developing his law practice, Coolidge followed in the footsteps of his father and grandfather and entered public life as a Republican, winning election to the Northampton City Council in 1898. In the following years, he held the offices of City Solicitor and county clerk of courts. In 1903 he married Grace Anna Goodhue, a teacher at the Clarke School for the Deaf in Northampton. The next year, running for the local school board, he suffered the only defeat of his political career, in part because his opponents pointed out he had no children in the schools. Coolidge said, “Might give me time.” (The Coolidges went on to have two sons, John, born in 1906, and Calvin Jr., in 1908.)
In 1906, Coolidge sought statewide office for the first time, running for the Massachusetts House of Representatives and narrowly defeating the Democrat incumbent. He was re-elected the following year, but declined to run for a third term, returning to Northampton where he ran for mayor, won, and served two one year terms. In 1912 he ran for the State Senate seat of the retiring Republican incumbent and won. Coolidge sought a third term in 1914 and won, being named President of the State Senate with substantial influence on legislation in the body.
In 1915, Coolidge moved further up the ladder by running for the office of Lieutenant Governor of Massachusetts, balancing the Republican ticket led by a gubernatorial candidate from the east of the state with his own base of support in the rural west. After being re-elected to the office in 1915 and 1916 (statewide offices in Massachusetts at the time had a term of only one year), with the governor announcing his retirement, Coolidge was unopposed for the Republican nomination for governor and narrowly defeated the Democrat in the 1918 election.
Coolidge took office at a time of great unrest between industry and labour. In early 1919 an ugly general strike in Seattle idled workers across the city, and the United Mine Workers threatened a nationwide coal strike for November 1919, just as the maximum demand for coal in winter would arrive. In Boston, police officers voted to unionise and affiliate with the American Federation of Labor, ignoring an order from the Police Commissioner forbidding officers to join a union. On September 9th, a majority of policemen defied the order and walked off the job.
Those who question the need for a police presence on the street in big cities should consider the Boston police strike as a cautionary tale, at least as things were in the city of Boston in the year 1919. As the Sun went down, the city erupted in chaos, mayhem, looting, and violence. A streetcar conductor was shot for no apparent reason. There were reports of rapes, murders, and serious injuries. The next day, more than a thousand residents applied for gun permits. Downtown stores were boarding up their display windows and hiring private security forces. Telephone operators and employees at the electric power plant threatened to walk out in sympathy with the police.
Governor Coolidge acted swiftly and decisively. He called up the Guard and deployed them throughout the city, fired all of the striking policemen, and issued a statement saying “The action of the police in leaving their posts of duty is not a strike. It is a desertion. … There is nothing to arbitrate, nothing to compromise. In my personal opinion there are no conditions under which the men can return to the force.” He directed the police commissioner to hire a new force to replace the fired men. He publicly rebuked American Federation of Labor chief Samuel Gompers in a telegram released to the press which concluded, “There is no right to strike against the public safety by anybody, anywhere, any time.”
When the dust settled, the union was broken, peace was restored to the streets of Boston, and Coolidge had emerged onto the national stage as a decisive leader and champion of what he called the “reign of law.” Later in 1919, he was re-elected governor with seven times the margin of his first election. He began to be spoken of as a potential candidate for the Republican presidential nomination in 1920.
Coolidge was nominated at the 1920 Republican convention, but never came in above sixth in the balloting, in the middle of the pack of regional and favourite son candidates. On the tenth ballot, Warren G. Harding of Ohio was chosen, and party bosses announced their choice for Vice President, a senator from Wisconsin. But when time came for delegates to vote, a Coolidge wave among rank and file tired of the bosses ordering them around gave him the nod. Coolidge did not attend the convention in Chicago; he got the news of his nomination by telephone. After he hung up, Grace asked him what it was all about. He said, “Nominated for vice president.” She responded, “You don't mean it.” “Indeed I do”, he answered. “You are not going to accept it, are you?” “I suppose I shall have to.”
Harding ran on a platform of “normalcy” after the turbulence of the war and Wilson's helter-skelter progressive agenda. The election was a blow-out. Harding and Coolidge won the largest electoral college majority (404 to 127) since James Monroe's unopposed re-election in 1820, and more than 60% of the popular vote. Harding carried every state except for the Old South, and was the first Republican to win Tennessee since Reconstruction. Republicans picked up 63 seats in the House, for a majority of 303 to 131, and 10 seats in the Senate, with 59 to 37. Whatever Harding's priorities, he was likely to be able to enact them.
The top priority in Harding's quest for normalcy was federal finances. The Wilson administration and the Great War had expanded the federal government into terra incognita. Between 1789 and 1913, when Wilson took office, the U.S. had accumulated a total of US$2.9 billion in public debt. When Harding was inaugurated in 1921, the debt stood at US$24 billion, more than a factor of eight greater. In 1913, total federal spending was US$715 million; by 1920 it had ballooned to US$6358 million, almost nine times more. The top marginal income tax rate, 7% before the war, was 70% when Harding took the oath of office, and the cost of living had approximately doubled since 1913.
Harding had campaigned on introducing a formal budget process and made this his top priority after taking office. He called an extraordinary session of Congress and, making the most of the Republican majorities in the House and Senate, enacted a bill which created a Budget Bureau in the executive branch, empowered the president to approve a comprehensive budget for all federal expenditures, and even allowed the president to reduce agency spending of already appropriated funds. The budget would be a central focus for the next eight years.
Harding also undertook to dispose of surplus federal assets accumulated during the war, including naval petroleum reserves. This, combined with Harding's penchant for cronyism, led to a number of scandals which tainted the reputation of his administration. On August 2nd, 1923, while on a speaking tour of the country promoting U.S. membership in the World Court, he suffered a heart attack and died in San Francisco. Coolidge, who was visiting his family in Vermont, where there was no telephone service at night, was awakened to learn that he had succeeded to the presidency. He took the oath of office by kerosene light in his parents' living room, administered by his father, a Vermont notary public. As he left Vermont for Washington, he said, “I believe I can swing it.”
As Coolidge was in complete agreement with Harding's policies, if not his style and choice of associates, he interpreted “normalcy” as continuing on the course set by his predecessor. He retained Harding's entire cabinet (although he had his doubts about some of its more dodgy members), and began to work closely with his budget director, Herbert Lord, meeting with him weekly before the full cabinet meeting. Their goal was to continue to cut federal spending, generate surpluses to pay down the public debt, and eventually cut taxes to boost the economy and leave more money in the pockets of those who earned it. He had a powerful ally in these goals in Treasury secretary Andrew Mellon, who went further and advocated his theory of “scientific taxation”. He argued that the existing high tax rates not only hampered economic growth but actually reduced the amount of revenue collected by the government. Just as a railroad's profits would suffer from a drop in traffic if it set its freight rates too high, a high tax rate would deter individuals and companies from making more taxable income. What was crucial was the “top marginal tax rate”: the tax paid on the next additional dollar earned. With the tax rate on high earners at the postwar level of 70%, individuals got to keep only thirty cents of each additional dollar they earned; many would not bother putting in the effort.
Half a century later, Mellon would have been called a “supply sider”, and his ideas were just as valid as when they were applied in the Reagan administration in the 1980s. Coolidge wasn't sure he agreed with all of Mellon's theory, but he was 100% in favour of cutting the budget, paying down the debt, and reducing the tax burden on individuals and business, so he was willing to give it a try. It worked. The last budget submitted by the Coolidge administration (fiscal year 1929) was 3.127 billion, less than half of fiscal year 1920's expenditures. The public debt had been paid down from US$24 billion go US$17.6 billion, and the top marginal tax rate had been more than halved from 70% to 31%.
Achieving these goals required constant vigilance and an unceasing struggle with the congress, where politicians of both parties regarded any budget surplus or increase in revenue generated by lower tax rates and a booming economy as an invitation to spend, spend, spend. The Army and Navy argued for major expenditures to defend the nation from the emerging threat posed by aviation. Coolidge's head of defense aviation observed that the Great Lakes had been undefended for a century, yet Canada had not so far invaded and occupied the Midwest and that, “to create a defense system based upon a hypothetical attack from Canada, Mexico, or another of our near neighbors would be wholly unreasonable.” When devastating floods struck the states along the Mississippi, Coolidge was steadfast in insisting that relief and recovery were the responsibility of the states. The New York Times approved, “Fortunately, there are still some things that can be done without the wisdom of Congress and the all-fathering Federal Government.”
When Coolidge succeeded to the presidency, Republicans were unsure whether he would run in 1924, or would obtain the nomination if he sought it. By the time of the convention in June of that year, Coolidge's popularity was such that he was nominated on the first ballot. The 1924 election was another blow-out, with Coolidge winning 35 states and 54% of the popular vote. His Democrat opponent, John W. Davis, carried just the 12 states of the “solid South” and won 28.8% of the popular vote, the lowest popular vote percentage of any Democrat candidate to this day. Robert La Follette of Wisconsin, who had challenged Coolidge for the Republican nomination and lost, ran as a Progressive, advocating higher taxes on the wealthy and nationalisation of the railroads, and won 16.6% of the popular vote and carried the state of Wisconsin and its 13 electoral votes.
Tragedy struck the Coolidge family in the White House in 1924 when his second son, Calvin Jr., developed a blister while playing tennis on the White House courts. The blister became infected with Staphylococcus aureus, a bacterium which is readily treated today with penicillin and other antibiotics, but in 1924 had no treatment other than hoping the patient's immune system would throw off the infection. The infection spread to the blood and sixteen year old Calvin Jr. died on July 7th, 1924. The president was devastated by the loss of his son and never forgave himself for bringing his son to Washington where the injury occurred.
In his second term, Coolidge continued the policies of his first, opposing government spending programs, paying down the debt through budget surpluses, and cutting taxes. When the mayor of Johannesburg, South Africa, presented the president with two lion cubs, he named them “Tax Reduction” and “Budget Bureau” before donating them to the National Zoo. In 1927, on vacation in South Dakota, the president issued a characteristically brief statement, “I do not choose to run for President in nineteen twenty eight.” Washington pundits spilled barrels of ink parsing Coolidge's twelve words, but they meant exactly what they said: he had had enough of Washington and the endless struggle against big spenders in Congress, and (although re-election was considered almost certain given his landslide the last time, popularity, and booming economy) considered ten years in office (which would have been longer than any previous president) too long for any individual to serve. Also, he was becoming increasingly concerned about speculation in the stock market, which had more than doubled during his administration and would continue to climb in its remaining months. He was opposed to government intervention in the markets and, in an era before the Securities and Exchange Commission, had few tools with which to do so. Edmund Starling, his Secret Service bodyguard and frequent companion on walks, said, “He saw economic disaster ahead”, and as the 1928 election approached and it appeared that Commerce Secretary Herbert Hoover would be the Republican nominee, Coolidge said, “Well, they're going to elect that superman Hoover, and he's going to have some trouble. He's going to have to spend money. But he won't spend enough. Then the Democrats will come in and they'll spend money like water. But they don't know anything about money.” Coolidge may have spoken few words, but when he did he was worth listening to.
Indeed, Hoover was elected in 1928 in another Republican landslide (40 to 8 states, 444 to 87 electoral votes, and 58.2% of the popular vote), and things played out exactly as Coolidge had foreseen. The 1929 crash triggered a series of moves by Hoover which undid most of the patient economies of Harding and Coolidge, and by the time Hoover was defeated by Franklin D. Roosevelt in 1932, he had added 33% to the national debt and raised the top marginal personal income tax rate to 63% and corporate taxes by 15%. Coolidge, in retirement, said little about Hoover's policies and did his duty to the party, campaigning for him in the foredoomed re-election campaign in 1932. After the election, he remarked to an editor of the New York Evening Mail, “I have been out of touch so long with political activities I feel that I no longer fit in with these times.” On January 5, 1933, Coolidge, while shaving, suffered a sudden heart attack and was found dead in his dressing room by his wife Grace.
Calvin Coolidge was arguably the last U.S. president to act in office as envisioned by the Constitution. He advanced no ambitious legislative agenda, leaving lawmaking to Congress. He saw his job as similar to an executive in a business, seeking economies and efficiency, eliminating waste and duplication, and restraining the ambition of subordinates who sought to broaden the mission of their departments beyond what had been authorised by Congress and the Constitution. He set difficult but limited goals for his administration and achieved them all, and he was popular while in office and respected after leaving it. But how quickly it was all undone is a lesson in how fickle the electorate can be, and how tempting ill-conceived ideas are in a time of economic crisis.
This is a superb history of Coolidge and his time, full of lessons for our age which has veered so far from the constitutional framework he so respected.
This book was very refreshing in that it shows us how unnecessary such traits are to be a great leader. As we read the story of Calvin
Coolidge, we discover that this lower class young man never was a great orator, and this caused him some problems during his early years, but we soon discover that Calvin Coolidge was very much like that guy we all know that probably works at our company. You know, the guy that never speaks up in a company meeting, and instead, sits quietly absorbing all of the dialogue going on around him. When someone finally asks the guy for his opinion, he then speaks in a low, audible voice - barely above a whisper - and finally shares his thoughts on the matter at hand. When everyone listens, they realize that this quiet individual is actually a genius.
Such was the man Calvin Coolidge. We see him slowly work his way up to more highly visible elected positions in authority, yet it never really seems like he cares one way or another whether or not people will vote for him. When he does get elected, he refuses to prostitute his beliefs or positions. In the long run, this helps him tremendously, but in hindsight, he comes across (to me anyway) as a bit of an unsentimental tightwad. Perhaps it’s because I’ve grown up with a nation of entitlements, but nobody under Coolidge’s rule ever got a free ride. It’s interesting because even though Ronald Reagan would one day claim that Calvin Coolidge was his favorite president, I saw a lot of similarities between Coolidge’s upbringing, and the upbringing of Richard Nixon. Nixon, who grew up in poverty, seemed to have the attitude of “when I was a kid, there were never any government handouts, so why should we start now?”. So depending on your political views, such an individual can come across as either a hero or a pit bull. In Coolidge’s time, it tended to be the former.
Such events tend to dominate the majority of this book. We read about when Coolidge was Governor of Massachusetts and the Boston police go on strike for better conditions and wages. Coolidge refuses to budge - even though the precinct houses are falling apart and are infested with rats. That doesn’t matter to Coolidge. Public workers who are dependent on for the safety of the citizens do not go on strike. Period. Later, when he’s President, he has the same unbending attitude when the Mississippi Valley suffers disastrous consequences with a horrible flood. According to Coolidge - not the federal government’s problem. What’s ironic is that his birthplace of Vermont suffers a similar blow of a similar flood about one year later. Will Coolidge be more sympathetic now that the disaster has hit closer to home? Nope. Again, that’s the states’ problem, not Washington’s.
His entire tenure as President seems to be all about budget and saving pennies. His main concern is bringing the country back on track after the extravagant spending incurred only a few years prior during World War I. I lost track in this book how many “meetings” he had with Budget Director Herbert Lord, or with Treasury Secretary Andrew Mellon. Coolidge seemed to enjoy meetings about how to save money like some men enjoy baseball or hunting. When the Wright brothers start to open the eyes of the world with the possibility of long distance aviation, Coolidge is very interested, but not because of the awe of such a novelty as flying, but rather as a way that the country can save money in the future by adapting such technologies.
Coolidge’s Presidency takes place during what is now known as “The Roaring 20’s”, but you really don’t read much about all of that in this book. We don’t hear about Speakeasys, flappers, or anyone dancing the Charleston. Instead we just see Coolidge methodically plodding along with his finance gurus trying to ensure that the country maintains prosperity. When he leaves office in early 1929, the author tells us that Coolidge “knows” that an economic downfall is only right around the corner, and tries to make suggestions to prevent an economic disaster from happening. Well, with hindsight being twenty-twenty, we all know that, if Coolidge ever really did give such advice, it went unheeded.
And this is where there is a lot of controversy around the legacy of Calvin Coolidge. Although this author presents him in a very favorable light, there are some that believe many of his financial decisions and actions during the 1920’s actually aided in the cause of the Great Depression. This book really doesn't dive too much into that. In fact, you wouldn’t really know such an economic travail happened in the country’s history that lasted more than a decade. This is another criticism of the man, and of the book. Well, even though Coolidge is looked at mostly favorable, I never thought the author made him out to be an untouchable demagogue. In fact, such retrospectives (as well as the opposite - high levels of mudslinging) don’t appeal to me. I felt like I learned an awful lot about the man. I confess, that although I knew the name and knew he was President, I knew very little otherwise. I’m happy to have learned a lot more by reading this thorough, entertaining biography.
Top reviews from other countries
Um dies ein wenig zu ändern, hat die amerikanische Publizistin Amity Shlaes eine umfangreiche Biographie über den Mann aus Vermont vorgelegt, der sich wie kein zweiter Präsident im 20. Jahrhundert darum bemühte, den Staatshaushalt zu konsolidieren und die Regierungstätigkeit einzuhegen.
Coolidge, Jahrgang 1872, stammte aus bescheidenen Verhältnissen. Die kleine Ortschaft, in der er aufwuchs, wurde nicht einmal an das regionale Eisenbahnnetz angeschlossen. Durch den frühen Tod seiner Mutter und seiner Schwester lernte er schon in jungen Jahren, mit harten Schicksalsschlägen umzugehen.
Die Zeit, die er am Amherst College verbrachte, wurde für ihn gleichfalls zu einer prägenden Erfahrung. Danach absolvierte er eine juristische Ausbildung zum Anwalt und ließ sich in Northampton (Massachusetts) nieder, wo er auch seine zukünftige Ehefrau Grace kennen lernte. Viele fragten sich bereits damals, wie ein auf den ersten Blick so unscheinbarer Mensch wie Coolidge, eine derart attraktive Frau für sich gewinnen konnte. Die, die so fragten, unterschätzten "Silent Cal“ ganz erheblich; ein Umstand, der ihn in seinem Leben noch oft begegnen sollte.
Seine politische Karriere startete er bei den Republikanern in der örtlichen Kommunalpolitik. Er begann als Stadtrat, wurde Abgeordneter im Repräsentantenhaus von Massachusetts und schließlich Gouverneur des Bundesstaates. In diesem Amt erlangte er auch nationale Berühmtheit, als er 1919 beim Polizistenstreik in Boston standhaft blieb und lieber die Nationalgarde mobilisierte, als den Forderungen der Polizisten nachzugeben.
Coolidge verdankte seinen Erfolg einigen grundlegenden Prinzipien: Er verhielt sich loyal gegenüber seiner Partei und er hatte einflussreiche Förderer, von denen er sich aber nicht abhängig machte. Außerdem versprach er in seinen Wahlkämpfen nie das Blaue vom Himmel. Er verkörperte wie kein anderer Politiker in seiner Generation den Normalbürger, weshalb er der ideale Vertreter für die "schweigende Mehrheit“ wurde.
Sein Grundsatz, dass es wichtiger sei, schlechte Gesetze zu verhindern als gute zu verabschieden, war für die progressive Ära mehr als außergewöhnlich. Dasselbe gilt für seine Angewohnheit, sich möglichst kurz zu fassen.
Coolidges Nominierung zum Vizepräsidentschaftskandidaten kam deshalb nicht völlig überraschend. Zusammen mit Warren Harding, der im März 1921 die präsidialen Amtsgeschäfte übernahm, vertrat Coolidge als neuer Vizepräsident die Ansicht, dass es nach den kriegsbedingten Exzessen der staatlichen Machtausübung wieder ein "Zurück zur Normalität“ geben müsse. Ein schlankerer Staat, der weniger Aufgaben übernimmt und den Steuerzahler weniger kostet, schien das Gebot der Stunde zu sein.
Eine tatsächliche Verschlankung des Staates war allerdings alles andere als einfach umzusetzen. Lobbygruppen, zu denen etwa die einflussreichen Veteranenverbände gehörten, machten ihre kostspieligen Ansprüche geltend. Die Legislative neigte ihrerseits zur Verabschiedung von teuren Gesetzespaketen, die natürlich zulasten des Steuerzahlers gingen. Hardings Regierung verstrickte sich zudem in eine ganze Reihe von Skandalen, die bei einer allgemeinen Günstlingswirtschaft begannen und bei handfesten Bestechungs- und Unterschlagungsvorwürfen endeten.
Durch den plötzlichen Tod von Harding ergab sich für Coolidge 1923 die unerwartete Möglichkeit, die Konsolidierung der Staatsfinanzen als Präsident selbst zu gestalten. Gemeinsam mit seinem Finanzminister sorgte er für eine effektive Wirtschaftlichkeit und Sparsamkeit, die den Bundeshaushalt real entlastete. Der häufig zu hörende Vorwurf, Coolidge hätte mit dieser Politik maßgeblich zum Ausbruch der "Großen Depression“ von 1929 beigetragen, wird von der Autorin überzeugend zurückgewiesen.
Außenpolitisch stellte die Unterzeichnung des Briond-Kellogg-Paktes am 27.08.1928 in Paris ein Meilenstein seiner Präsidentschaft dar. Als Jurist vertraute er auch im Bereich der internationalen Beziehungen auf die Kraft des Rechts. Der Krieg sollte endgültig als ein Mittel der Interessendurchsetzung zwischen den Staaten geächtet werden. Coolidge und sein Außenminister Frank Kellogg arbeiteten dementsprechend unermüdlich daran, dass der ambitionierte Vertrag im Senat eine Mehrheit zur Ratifizierung finden würde. Im Gegensatz zu Woodrow Wilson, der mit seinem Projekt des Völkerbundes genau daran scheiterte, gelang Coolidge das politische Kunststück. Der allgemeinen Ächtung des Krieges war bekanntlich weniger Glück beschieden.
Coolidge, der 1924 noch einen überragenden Wahlsieg für die "Grand Old Party“ errungen hatte, entschied sich gegen eine zweite Amtszeit und überließ 1928 seinem wenig geschätzten Parteifreund Herbert Hoover das Feld für eine eigene Präsidentschaftskandidatur. Neben privaten Sorgen und Nöten, zu denen der tragische Verlust seines jüngsten Sohnes, Eheprobleme mit Grace und eine angeschlagene Gesundheit gehörten, spielte seine Grundüberzeugung, dass nämlich jedes öffentliche Amt nur temporär ausgeübt werden sollte, eine zentrale Rolle bei seiner einsamen Entscheidung.
Die letzten Jahre seines Lebens verbrachte Coolidge, der Anfang Januar 1933 im Alter von sechzig Jahren an Herzversagen verstarb, unter anderem mit dem Schreiben von Zeitungskolumnen. Zu seiner Persönlichkeit passend, fand die Beisetzung in aller Stille und Bescheidenheit statt.
Shlaes ist es mit ihrer Arbeit gut gelungen, das Leben und Wirken des dreißigsten US-Präsidenten wieder in Erinnerung zu rufen. Kritisch bleibt lediglich anzumerken, dass sie der Außen- und Sicherheitspolitik von Coolidge, der mit seinem völkerrechtlichen Idealismus und seiner chronischen Unterfinanzierung der Streitkräfte die Verteidigungsbereitschaft seines Landes schädigte, mit zu viel Verständnis begegnet. Reagan, der Coolidge ansonsten sehr schätzte, beging diesen strategischen Fehler in den achtziger Jahren nicht mehr.
Davon abgesehen ist das Buch von Amity Shlaes auf jeden Fall empfehlenswert.
Jürgen Rupp
Calvin Coolidge is an odd duck and an enigma, and the author is very direct in pointing this out. From his time at Amherst College when he is described as an "Ouden" (a student unable to gain acceptance into a fraternity), this becomes apparent, though it does not prevent him from forging strong friendships with fellow students who will become leaders in their fields. In the meantime, the author gives a very good portrayal of Coolidge's New England upbringing of "all work and no play" that makes Cal a dull boy. Yet in spite of characteristics that are not conducive to social climbing, Coolidge somehow thrives in all aspects of life. He builds a successful career as a lawyer, followed by success in a series of political offices forming part of what Coolidge himself calls a "meteoric rise". He is also successful in wooing his wife, the ebullient Grace Goodhue, whose personality is in many ways a polar opposite to that of her husband.
As Governor of Massachusetts, Coolidge's star shines nationally with his handling of the Boston Police Strike of 1919, showcasing his firm conviction that "there is no right to strike against the public safety by anybody, any time, anywhere." This in turn leads to his consideration for the GOP nomination for the presidency in 1920, his selection as Warren Harding's running-mate and subsequent election to the Vice-Presidency, and his becoming President upon the death of Harding in 1923.
As President, Coolidge maintains a steady resolve (some might call it a fixation) in favour of fiscal conservatism. Throughout his presidency, he is looking for ways to reduce government spending, lower taxes, increase the surplus and reduce the national debt which accumulated during world war one. This leads to a constant struggle with a congress that has other plans for how to spend the savings found by Coolidge and his budget director General Herbert Mayhew Lord. One of his most bitter opponents is his fellow Massachusetts Republican Henry Cabot Lodge. Sometimes Coolidge must use the veto, other times he is forced to hold his nose and approve legislation that runs contrary to his principles (such as an immigration law targeting Japanese immigrants.) Schlaes uses Coolidge's success in budgeting as support for Ronald Reagan's principle that decreasing taxes increases revenues. Whether or not this is so, the theory held true on Coolidge's watch.
There are a number of other issues that Coolidge is forced to confront in which his strong-willed principles make him appear to be uncaring. He is adamantly opposed to government spending for bonuses to veterans of the first world war or for farm subsidies. For Coolidge the higher priority is for the government to get its fiscal house in order. Even when the Great Mississippi Flood of 1927 hits (the worst natural disaster to hit the Gulf Coast until Hurricane Katrina), Coolidge is firm in his position that this is a problem for the states, not the federal government.
Schlaes does a wonderful job of giving us insight into the type of person that Coolidge was, in spite of her subject's guarded nature. He was terse, truculent at times, jealous and controlling of his spouse. But he was also very principled and held himself to high standards. (For example, when he wrote a series of 10 articles for a magazine and only 6 were used, he took it upon himself to refund the money for the unused ones.) The author gives a good accounting of Coolidge's grieving process following the unexpected death of his 16 year old son Calvin Jr.
It is a mistake to conclude that the author is biased in her accounting of the life of Calvin Coolidge. Rather, it is her accurate description of Coolidge himself and in his dogged determination to maintain a steadfast loyalty to conservative principles that can lead to the false conclusion of an ideological bias on the part of the author. Schlaes portrays Coolidge, warts and all. From that accurate portrayal emerges a story of a man unwavering from his beliefs that place fiscal conservatism at the forefront.
This is an excellent accounting of a forgotten president, his life and times. It is a wonderful study of a president firmly confronting competing social and economic values and issues. Whether or not one agrees with Coolidge's approach to these issues, no criticism is deserved by the author, who does a superb job of informing the reader in an intelligent and insightful manner.
His actual record was far more significant but he remained unappreciated by most pundits and historians. One of Coolidge's few fans was Ronald Reagan; it was no accident that Ronald Reagan ordered a Cabinet Room portrait of Harry Truman to be replaced with a portrait of Coolidge.
This biography should play a major role in setting the historical rtecord straight and elevating Calvin Coolidge to his rightful place among the top tier of American Presidents.
This is a very well written and researched biography of an under appreciated President. It's one of the best political biographies I've read in quite a while. Highly recommended.