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Article: IT'S 1923 AGAIN -- NOT 1929
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- March 1, 1987
- Author:
CopyrightCopyright 1987 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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So there is a pronounced resemblance in the present day to the
1920s, after all. Forget the Dow Jones Industrial Average and the
crash of 1929; think of the administration of Warren Gamaliel
Harding.
The collapse of Ronald Reagan's presidency midway through his
second term is unlike anything that has happened since Harding's
administration fell apart amid the Teapot Dome scandal in the
spring of 1923 -- and the implications are striking for the
economy, the 1988 election and beyond.
The president's friends have always liked the parallel to
Harding, up to a point. Both politicians had an uncanny knack for
coming across as good and likeable men, for saying the right thing,
for ...