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Coolidge Hardcover – February 12, 2013

4.3 4.3 out of 5 stars 1,792 ratings

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Amity Shlaes, author of The Forgotten Man, delivers a brilliant and provocative reexamination of America’s thirtieth president, Calvin Coolidge, and the decade of unparalleled growth that the nation enjoyed under his leadership. In this riveting biography, Shlaes traces Coolidge’s improbable rise from a tiny town in New England to a youth so unpopular he was shut out of college fraternities at Amherst College up through Massachusetts politics. After a divisive period of government excess and corruption, Coolidge restored national trust in Washington and achieved what few other peacetime presidents have: He left office with a federal budget smaller than the one he inherited. A man of calm discipline, he lived by example, renting half of a two-family house for his entire political career rather than compromise his political work by taking on debt. Renowned as a throwback, Coolidge was in fact strikingly modern—an advocate of women’s suffrage and a radio pioneer. At once a revision of man and economics, Coolidge gestures to the country we once were and reminds us of qualities we had forgotten and can use today.
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Editorial Reviews

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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.

From Booklist

Rated below average in historians’ polls, Calvin Coolidge was a satisfactory president to the 1920s electorate, which certainly would have voted him back had he run in 1928. That he declined fit with the self-restraint of Coolidge, whose roots in rural Vermont Shlaes explores in this comprehensive biography. She infuses her narrative with Coolidge’s abhorrence of debt and practice of parsimony, personal principles he scaled up to federal size with his budget-cutting, tax-reducing policies. In addition to frugality, law and order was another salient Coolidge precept, which made him presidential timber when, as Massachusetts governor, Silent Cal broke a Boston police strike with the lapidary saying, “There is no right to strike against the public safety by anybody, anywhere, anytime.” Behind the stern public visage, Shlaes shows a Coolidge of feelings, close to his father, pained by the deaths of a sister and a son, and, at times, jealous of his attractive, gregarious wife. Wedged between Progressives and New Dealers, Coolidge may be fated to be a laissez-faire anachronism, but one whose record Shlaes meticulously and fluidly presents for history readers to judge. --Gilbert Taylor

Product details

  • Publisher ‏ : ‎ Harper; First Edition (February 12, 2013)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 565 pages
  • ISBN-10 ‏ : ‎ 0061967556
  • ISBN-13 ‏ : ‎ 978-0061967559
  • Item Weight ‏ : ‎ 1.8 pounds
  • Dimensions ‏ : ‎ 1.8 x 6.1 x 9.1 inches
  • Customer Reviews:
    4.3 4.3 out of 5 stars 1,792 ratings

About the author

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Amity Shlaes
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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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Customers say

Customers find the book engaging and well-written. They appreciate the interesting insights and historical details that help make sense of a momentous era. Readers describe Coolidge as a great president with strong values. The budget balance and effective economic management are also highlighted as positive aspects. Overall, customers consider the book to be an enjoyable read with solid pacing.

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209 customers mention "Readability"203 positive6 negative

Customers find the book engaging and informative. They describe it as a valuable read about Coolidge's rise to power. The style is fluid and the book is considered an American historical classic.

"...He worked hard on the speech, which was a great success, keeping his audience engaged and frequently laughing at his wit...." Read more

"...This is a very well written and engaging book that will inform the reader as well as give an excellent example of a philosophy of govenrment that..." Read more

"...] is another valuable book and there is yet another biography coming out next month with the..." Read more

"...A remarkable book about a throughly decent politician and man." Read more

196 customers mention "Information quality"193 positive3 negative

Customers find the book informative and well-researched. They appreciate the author's insightful writing style and the subject matter. The book explores Calvin Coolidge's life, including his victories and tragedies. Overall, readers consider the information credible.

"...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..." Read more

"...This is a very well written and engaging book that will inform the reader as well as give an excellent example of a philosophy of govenrment that..." Read more

"...The book does an excellent job with his early life and his time at Amherst...." Read more

"...Coolidge's tenure are firmly established in these pages and offer tremendous lessons for how limited government once did work, and can again in..." Read more

165 customers mention "History"153 positive12 negative

Customers find the book insightful and well-written. They appreciate its thorough coverage of Coolidge's life and presidency. The book provides interesting historical details from the first thirty years. Readers find it easy to follow the narrative and feel a sense of hope for the great man.

"...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..." Read more

"Amity Shlaes has produced a thorough and thought provoking biography of an overlooked and maligned president that ought to elevate his..." Read more

"Pleased to have finally completed this lively biography of a tremendously underrated US president...." Read more

"...belittled by the nickname Silent Cal, he is shown as intelligent, thoughtful, reserved, and, during his administration, both admired and..." Read more

60 customers mention "Presidents"60 positive0 negative

Customers find the book a good introduction to the presidents. They describe Coolidge as a great, refined, and decent politician. The book offers a new perspective on an underrated president.

"...A remarkable book about a throughly decent politician and man." Read more

"...in the period of Amercian history between WWI and WWII, presidential biography, American government and Coolidge himself." Read more

"...clear is that Shlaes is enamored in the work of this unassuming, refined president who left office with the federal budget at a lower level than..." Read more

"...The book goes through his political rise, and his popularity based on personal integrity and plain-spoken manner...." Read more

48 customers mention "Budget balance"48 positive0 negative

Customers praise Coolidge for his budgetary management and effective economic management. They mention he cut spending, reduced taxes, and created a prosperous economy.

"...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...." Read more

"...Calvin Coolidge was a success in every imaginable way. His program of cutting taxes, reducing spending, reducing the debt and charting a new course..." Read more

"...He successfully enacted tax cuts that led to an increase in government revenue, and he stood firm on his commitment to the separation of powers..." Read more

"...is that basically non-governmental intervention on the economy, reduction of taxes via the elimination of both loop holes and rates and..." Read more

21 customers mention "Pacing"21 positive0 negative

Customers find the book well-crafted and enjoyable. They appreciate the author's integrity and strong values. The quality of the book is excellent.

"...the military, cleaned up scandals from his predecessor, was of unquestioned integrity, who stood on principle even when it hurt him politically, who..." Read more

"...Some details about legislation goes too deep but it’s a solid, enjoyable biography" Read more

"...to have been the ultimate New England, conservative, honest and trustworthy Yankee." Read more

"...Coolidge is well researched, organized and crafted. It is a fascinating and pleasurable read." Read more

174 customers mention "Writing style"118 positive56 negative

Customers have mixed opinions about the writing style. Some find it well-written and easy to read, with an understated and humble approach. Others mention the book is bursting with insipid details, short sentences, and hard to read. There are also typographical and grammatical errors, making it difficult to follow.

"...was a great success, keeping his audience engaged and frequently laughing at his wit...." Read more

"...This is a very well written and engaging book that will inform the reader as well as give an excellent example of a philosophy of govenrment that..." Read more

"...she delved into historical reality, and the subjects aren't conducive to the telling of tales...." Read more

"...There are other excellent biographies, like Coolidge and the Historians, which seems to have rocketed up in price since I found..." Read more

23 customers mention "Read pace"8 positive15 negative

Customers have different views on the book's read pace. Some find it a quick and easy read, while others feel it drags at times and seems tedious.

"...Stick with this book as it is a little slow in the first hundred pages...." Read more

"...It is well worth nothing that COOLIDGE is also timely in that it fits in with our current debates over the proper role of government in our lives..." Read more

"Well written book about a pretty un-extraordinary administration." Read more

"...This made for a dry and slow going read at times...." Read more

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Top reviews from the United States

  • Reviewed in the United States on June 17, 2020
    John Calvin Coolidge, Jr. was born in 1872 in Plymouth Notch, Vermont. His family were among the branch of the Coolidge clan who stayed in Vermont while others left its steep, rocky, and often bleak land for opportunity in the Wild West of Ohio and beyond when the Erie canal opened up these new territories to settlement. His father and namesake made his living by cutting wood, tapping trees for sugar, and small-scale farming on his modest plot of land. He diversified his income by operating a general store in town and selling insurance. There was a long tradition of public service in the family. Young Coolidge's great-grandfather was an officer in the American Revolution and his grandfather was elected to the Vermont House of Representatives. His father was justice of the peace and tax collector in Plymouth Notch, and would later serve in the Vermont House of Representatives and Senate.

    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.
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  • Reviewed in the United States on May 12, 2013
    Amity Shlaes has produced a thorough and thought provoking biography of an overlooked and maligned president that ought to elevate his administration to the ranks of those worthy of study.

    Calvin Coolidge was a success in every imaginable way. His program of cutting taxes, reducing spending, reducing the debt and charting a new course in foreign relations were all realized. On the economic front, his tax and spending policies were a resounding success, (bringing spending down in absolute terms year-over-year during some of his budget years). With marginal tax rates cut from over 70% to the mid 20% range, federal recepits increased (supply side at work), and the economy boomed.

    Coolidge worked with Andrew Mellon and General Herbert Lord on his great domestic issues. These were remarkable men, particularly Mellon who probably deserves to be ranked with Hamilton and Chase as brilliant and effective Treasury Secreteries. Mellon's ideal of scientific taxation (what we today call supply side economics) found a fellow-traveler in the president. It worked better than either hoped; driving down mariginal rates provided incentives Mellon foretold spurring a general growth in the economy (with the exception of agriculture). The President met with General Lord every week before his cabinet meetings to pour over the budget and look for items to cut. This produced a budget at the end of Coolidge's Administration that was about where it was in actual dollars when compared to his first budget. He also succeeded in reducing actual spending during some of the years of his Administration.

    On foreign affairs, Coolidge was successful in terms of instituting his agenda, although his naive belief that war could be outlawed via treaty (the Kellog-Briand Pact) was hopelessly utopian and ignored the lessons of history and the behavior of nation-states from the beginning of time. Still, in the immediate sense of the 1920's, Coolidge helped foster good international relations for the United States.

    Stick with this book as it is a little slow in the first hundred pages. No fault to Shlaes, it is just the subject of her biograhy was such a figure of probity and rectitude growing up that he didn't have high adventures or even mischief that produces exciting reading. During Coolidge's youth, the author frequently mentions Theodore Roosevelt. The contrast between the two is telling. Roosevelt was such a ball of energy that a successful book just covering his childhood and adolescence (Mornings on Horseback) could be produced. No such engagning tome would be possible of Calivn Coolidge. Yet Shlaes does an admirable job of detailing his childhood, relationship with his father, schooling and early career to build a solid picture of the thinking and practices that formed this personality so well suited to executive action and presidential leadership.

    This is a very well written and engaging book that will inform the reader as well as give an excellent example of a philosophy of govenrment that has worked well yet is foreign to almost everyone alive today in the United States.
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  • Brilliant book, finally managed to get a copy. Unfortunately, I put it hadn’t been delivered. My mistake, it had. The courier had put it in a safe place, so safe I hadn’t found it. I just wish they’d put a note through the door to let me know where they’d put it.
    5.0 out of 5 stars Coolidge, Amity Shlaes.
    Reviewed in the United Kingdom on November 15, 2024
    Been trying for ages to get a copy of this book, and now I finally have a copy of what must be the definitive biography of this underrated president.
  • Jaqueline Louisa Gibbons
    5.0 out of 5 stars Muy interesante
    Reviewed in Spain on February 23, 2024
    El libro es muy interesante. Hay mucha información histórica y politica; sobre todo he disfrutado mucho la oportunidad de conocer más a Calvin Coolidge como persona. Es un libro bastante ameno de leer.
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    Jaqueline Louisa Gibbons
    5.0 out of 5 stars
    Muy interesante

    Reviewed in Spain on February 23, 2024
    El libro es muy interesante. Hay mucha información histórica y politica; sobre todo he disfrutado mucho la oportunidad de conocer más a Calvin Coolidge como persona. Es un libro bastante ameno de leer.
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  • Mark Anderson
    5.0 out of 5 stars One Of The Best Political Biographies Of The Year
    Reviewed in Canada on March 20, 2013
    Calvin Coolidge has been misjudged by historians. He's typically been portrayed as a lucklustre President who was a mere pawn of big business and/or Wall St.

    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.
  • Dome Saba
    5.0 out of 5 stars biografia di un grande presidente
    Reviewed in Italy on March 24, 2013
    Una biografia completa e documentata un presidente ignorato al di fuori degli stati uniti, sia per ragioni ideologiche sia per una ormai obsoleta visione della grande crisi, di cui venne preso a capro espiatorio nonostante la realtà fosse ben diversa.
  • Kai
    5.0 out of 5 stars Überfällige Neubewertung
    Reviewed in Germany on February 28, 2013
    Amity Shlaes nimmt mit dieser umfassenden Biographie eine überfällige Neubewertung von Person und Amtszeit des 30. Präsidenten der USA vor. Von den (überwiegend progressiv orientierten) Historikern weitgehend als "Laissez-faire"-Überbleibsel aus dem 19. Jahrhundert abgetan, wird Coolidge gern die Great Depression zur Last gelegt, wobei die Glanzpunkte seiner Regierungsjahre (ungebrochener, rasanter Wirtschaftsaufschwung mit Breitenwirkung, Senkung von Staatsdefizit und -schulden, nicht-interventionistische Außenpolitik, teils erfolgreiche Bemühungen um eine neue Friedensordnung in Europa) gerne ignoriert werden. Die Person Coolidge wird mit ihren Facetten gut und emphatisch beschrieben. Das Buch ist für alle an amerikanischer Geschichte und Politik interessierten hochinteressant und sehr zugänglich geschrieben.