Question
Question 3
1 pts
What message did Coolidge intend by the following quote, from a 1924 speech delivered on the White House
grounds?
"Until we can reestablish a condition under which the earnings of the people can be kept by the people, we are bound
to suffer a very severe and distinct curtailment of our liberty.
© corporate earnings must be high to justify high valuations of American share prices
• reading quizzes at the end of class mean an end to liberty, and a birth of tyrannical work
© tax cuts were dangerous, as they often led to large federal debts
© tax cuts enabled more freedom for people to do as they please with their income
© tax increases were needed to pay for the First World War, during which Americans had contributed to defense of liberty
Answer
Coolidge intended to convey that tax increases were needed to pay for the First World War, during which Americans had contributed to defense of liberty.