Harding
from class: Principles of Finance Definition Harding refers to the economic policy approach adopted by Warren G. Harding during his presidency, emphasizing reduced government intervention and lower taxes. It aimed to foster economic growth through free-market principles and deregulation.
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Predict what's on your test 5 Must Know Facts For Your Next Test Harding's policies focused on reducing government spending and national debt. He advocated for tax cuts, particularly for higher income brackets, to stimulate investment. The Harding administration's laissez-faire approach led to a period of economic growth known as the 'Roaring Twenties'. His policies were in stark contrast to the progressive regulations of the preceding Wilson administration. Critics argue that Harding's lack of regulation contributed to economic disparities and set the stage for the Great Depression. Review Questions What was the primary focus of Harding's economic policy? How did Harding's approach differ from that of his predecessor? What were some long-term effects attributed to Harding's policies?
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