Summary

In his 1921-1922 State of the Union Addresses, Warren G. Harding argues that national wealth is diminished by discouraging core industries and advocates for a "naval holiday" and international conferences for peace. He emphasizes the ongoing social and economic readjustment four years after World War I, noting global instability and the need for domestic governmental efficiency. Harding presents the newly enacted budget system as a significant reformation in governmental practice.

Harding calls for a "superpower program" to improve the efficiency of railroads and national defense readiness through a survey of resources. He champions rigid economies and administrative efficiencies to reduce taxes and burdens, highlighting the budget system's role. He also stresses the necessity of executive authority to manage foreign loans and credits, arguing for the government's active role in restoring international trade and stable order.

Key concepts

  • Naval holidayA period of planned suspension in naval armament construction.
  • Superpower programA proposal aimed at enhancing industrial development and railroad efficiency through coordinated energy resources.
  • Budget systemA newly implemented governmental practice designed for financial planning and administrative efficiency, considered a significant reformation.
  • Foreign loansGovernment-provided credits to other nations, requiring executive authority for funding and settlement.
  • ReadjustmentThe process of adapting to post-war social and economic conditions, affecting both domestic industries and international relations.

From the book

In these urgent economies we shall be immensely assisted by the budget
Our power to do so is not disputed, but power and ships, without comity of
It is not my thought to lay the problem before you in detail today. It is

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