Question

The relationship between government and business in the 1920s:

		Retained its progressive nature
		Led to an increase in taxes for big business
		In many ways returned to the laissez-faire policies of the Gilded Age
		Created fewer jobs and lower wages across the board.

Answer 1

Answer ) The relationship between government and business in the 1920s:  In many ways returned to the laissez-faire policies of the Gilded Age.

"After all, the chief business of the American people is business." This affirmation by President Coolidge of the centrality of business in postwar America is one of the most frequently quoted statements in American history. By 1925, when Coolidge made the remark in a speech to newspapers editors, the nation's economy had lifted itself out of the dreadful postwar recession and was setting astonishing new highs for production and consumption. Business was booming. The stock market was booming. American free enterprise was robust, confident, and delivering the goods, literally. Not all Americans shared in the prosperity, of course, yet many shared a reverence for business as a core component of America's greatness.The laissez faire policies championed by the three Republican presidents of the 1920s—policies restored after two decades of Progressive and Democratic business regulation—defined the national economic machine from 1921 to 1933. This collection presents period commentary from businessmen, scholars, clergymen, a novelist, the three Republican presidents, and others on the "chief business of the American people," the rewards and pitfalls of its predominance, and the proper relationship of business and government in promoting the general welfare.