One is viewed as among America’s greatest presidents; the other perhaps the worst of all. One is hailed as a savior; the other as a failure. One is given memorials to enshrine his name for all time; the other is pushed into the sea of forgetfulness. Driven by academia, this is where American history has placed Franklin Delano Roosevelt (in office 1933–1945) and Warren Gamaliel Harding (in office 1921–1923). It’s impossible to see FDR absent a “great presidents” ranking; it’s likewise impossible to see Harding absent the lowest rungs. Both men came into office with an economy in tatters, and both men instituted ambitious agendas to correct the respective downturns. Yet their policies were the polar opposite of one another and, as a result, had the opposite effect. In short, Harding used laissez-faire-style capitalism and the economy boomed; FDR intervened and things went from bad to worse. Despite these clear facts, in C-SPAN’s latest poll …
The 2 Presidents Whose Economic Policies Are Most Misunderstood by Historians
March 9, 2022
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