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Old 06-17-2004   #6
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Coolidge more than lived up to his image. The president replaced his predecessor's boozy card parties with sober six o'clock suppers. Warren Harding had promised normalcy; Coolidge delivered it, profitably defined as spectacular economic growth and tax cuts to match. Between 1925 and 1929, the New York Stock Exchange rose 250 percent. Before the decade was over, the federal government had retired nearly half its $26 billion war debt. Americans built 800,000 new homes annually during the postwar decade, bought 20 million automobiles, and made heroes out of radio stars and barnstorming pilots. The cult of celebrity, the modern women's movement, the decline of rural America's traditional dominance - all had their genesis in the Age of Coolidge, when his countrymen moved forward even while gazing back with longing at a more innocent society, Plymouth Notch writ large.
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