Who served as President from 1923 to 1929 and was known for implementing a laissez-faire economic approach?

The correct response to this question is Calvin Coolidge. He served as President from 1923 to 1929 and is well-known for his strong commitment to laissez-faire economic policies, which emphasize minimal government intervention in the economy. Coolidge believed that the best way to promote economic growth was to allow businesses to operate freely, which aligns with the principles of limited government and individual entrepreneurship. His administration focused on reducing taxes and deregulating industries, leading to a period of significant economic expansion known as the "Roaring Twenties."

While Warren G. Harding, who preceded Coolidge, had similar economic ideals, his administration was marked more by scandal and the aftermath of World War I than by a distinct economic philosophy. Herbert Hoover, who followed Coolidge, initially continued many of the laissez-faire principles but faced overwhelming challenges during the Great Depression, leading many to associate him with a more interventionist approach as the economic crisis deepened. Woodrow Wilson, serving earlier during World War I, espoused progressive reforms and was more involved in regulating the economy, contrasting sharply with the laissez-faire approach Coolidge championed.