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Warren Harding: The US President Who Reduced Federal Spending by Nearly 50% in Just Two Years

In the summer of 1921, America was in a deep recession following WWI. Unemployment was almost 12 percent. The Dow Jones average was down nearly 50 percent from two years earlier. And then something unthinkable happened: politicians slashed government and taxes by huge margins.
United States Warreng Harding John Hendrickson Vance Ginn Bill Clinton Ronald Reagan
Source: fee.org

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