A major foreign policy initiative for Coolidge was the Kellogg Briand pact, which was an agreement between the United States and other countries to renounce war. A major Economic policy initiative for Harding was the Emergency tariff of 1921 which increased American purchasing power but inflated prices of the goods. Both Harding and Coolidge supported the pro business policies that were known as laissez-faire. Both Harding and Coolidge supported a "return to normalcy" which included isolation from foreign affairs.
Explanation:
Both the presidents of the United States of America Coolidge and Harding had set up policies which led to the time of development in the country. Harding had taken up the post first and he was succeeded by the Coolidge. The policies of these were in the favor of the businesses and made pro business policies.
In their policies they had limited the immigration of the people from the other countries to give preference to the people of their own country and there was also isolation from the foreign affairs.
