| | During the 1920s, President [[Calvin Coolidge]] spearheaded the causes promoted by the Old Right, rejecting [[progressivism]] and advocating fiscal restraint.<ref>Postell, Joseph (February 20, 2013). [https://www.heritage.org/political-process/report/calvin-coolidge-forefather-our-conservatism Calvin Coolidge: Forefather of Our Conservatism]. ''Heritage Foundation''. Retrieved October 16, 2021.</ref> His reduction of tax rates promoted economic growth, and a particular achievement during his presidency was slashing the [[national debt]].<ref>Shlaes, Amity; Thomas, Rushad (January 30, 2015). [https://coolidgefoundation.org/news/coolidges-fiscal-triumph/ Coolidge’s Fiscal Triumph]. ''Coolidge Foundation''. Retrieved October 16, 2021.</ref> | | During the 1920s, President [[Calvin Coolidge]] spearheaded the causes promoted by the Old Right, rejecting [[progressivism]] and advocating fiscal restraint.<ref>Postell, Joseph (February 20, 2013). [https://www.heritage.org/political-process/report/calvin-coolidge-forefather-our-conservatism Calvin Coolidge: Forefather of Our Conservatism]. ''Heritage Foundation''. Retrieved October 16, 2021.</ref> His reduction of tax rates promoted economic growth, and a particular achievement during his presidency was slashing the [[national debt]].<ref>Shlaes, Amity; Thomas, Rushad (January 30, 2015). [https://coolidgefoundation.org/news/coolidges-fiscal-triumph/ Coolidge’s Fiscal Triumph]. ''Coolidge Foundation''. Retrieved October 16, 2021.</ref> |
| | + | In the wake of the [[Great Depression]], the failures of the [[Hoover Administration]] dragged the Republican Party into the minority party in Congress, and [[Franklin D. Roosevelt]] was elected in the [[United States presidential election, 1932|1932 presidential election]] by a landslide. |