One is viewed as among America’s greatest presidents; the other perhaps the worst of all. One is hailed as a savior; the other as a failure. One is given memorials to enshrine his name for all time; the other is pushed into the sea of forgetfulness.
Driven by academia, this is where American history has placed Franklin Delano Roosevelt (in office 1933-1945) and Warren Gamaliel Harding (in office 1921-1923). It is impossible to see FDR absent a “great presidents” ranking; it is likewise impossible to see Harding absent the lowest rungs.
Both men came into office with an economy in tatters and both men instituted ambitious agendas to correct the respective downturns. Yet their policies were the polar opposite of one another and, as a result, had the opposite effect. In short, Harding used laissez faire-style capitalism and the economy boomed; FDR intervened and things went from bad to worse.
Despite these clear facts, in C-SPAN’s latest poll ranking US presidents, FDR finished third in the rankings, while Harding finished 37th. Surveying how both handled the economy, scholars ranked FDR third in that category, while Harding came in at 32. This is a tragedy of history.
America in 1920, the year Harding was elected, fell into a serious economic slide called by some “the forgotten depression.” Coming out of World War I and the upheavals of 1919, the economy struggled to adjust to peacetime realities, falling into a serious slump.
This article originally published in Fee.
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