Calvin Coolidge took office after Warren G. Harding's sudden--and
some say mysterious--death. "Silent Cal" was reserved and honest,
and his incorruptible presence was such a relief after the sordid
goings-on of the previous administration that he easily won the 1924
election. The American economy was in the midst of "The Roaring Twenties,"
with a booming stock market and easy credit, and Coolidge felt that
a "hands off" government would keep the economy going strong. Even
the murmerings of an agricultural depression causing farm foreclosures
in the last years of his presidency did not cause Coolidge to involve
the government in financial matters, and he remained popular to the
end of his term in office.