[THREE]

1920–1929

From Prosperity to Despair

It is only those who do not understand our people, who believe our national life is entirely absorbed by material motives. We make no concealment of the fact that we want wealth, but there are many other things we want much

more. We want peace and honor, and that charity which is so strong an element of all civilization. The chief ideal of the American people is idealism.

I cannot repeat too often that America is a nation of idealists. That is the only motive to which they ever give any strong and lasting reaction.

—Calvin Coolidge

THE MONUMENTAL MOBILIZATION that occurred in business and society to sustain the war effort in the 1910s continued after the last guns were fired and the last soldiers returned ...

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