“By such action we have not only discharged an obligation to humanity, but have likewise profited in our trade relations and established a community of interests which can not but be an added security for the maintenance of peace. In so far as we can confirm other people in the possession of profitable industry, without injuring ourselves, we shall have removed from them that economic pressure productive of those dissensions, discords, and hostilities which are a fruitful source of war.”

1920s, Ways to Peace (1926)

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Calvin Coolidge412

American politician, 30th president of the United States (i… 1872–1933

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“Our gathering here today is in testimony of supreme obligation to those who have given most to make and preserve the Nation. They established it upon the dual system of State government and Federal Government, each supreme in its own sphere. But they left to the States the main powers and functions of determining the form and course of society. We have demonstrated in the time of war that under the Constitution we possess an indestructible Union. We must not fail to demonstrate in the time of peace that we are likewise determined to possess and maintain indestructible States. This policy can be greatly advanced by individual observance of the law. It can be strongly supplemented by a vigorous enforcement of the law. The war which established Memorial Day had for its main purpose the enforcement of the Constitution. The peace which followed that war rests upon the universal observance of the Constitution. This Union can only be preserved, the States can only be maintained, under a reign of national, local, and moral law, under the Constitution established by Washington, under the peace provided by Lincoln.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

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“…if peace is to be preserved we must see to it that the causes of war are removed. Freedom and democracy must be based not only on security but also on social justice. Hitlerism flourished on the breakdown of an outworn economic system. The world depression of 1930 was the opportunity of the gangsters. We must have planning for expansion and not restriction. Victory in war could only be achieved by putting the interest of the community before private profit and this was also the key to reconstruction after the war. Socialism had always been something far greater than an economic theory, far greater than the policy of a political party. It was a way of life. They sought to attain an organized society in which every human being would have the opportunity of living the good life—a society in which free men and women would cooperate together for the common good. The workers of the countries which had been under the yoke of tyranny would look to the Labour parties of the British Commonwealth for a lead and would not look in vain.”

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“While we are thus desirous of the economic welfare of other countries in part because of its relation to world peace, we ought to remember that our own Government owes a great duty to the American people in this direction. It is for this reason in part that I have insisted upon a policy of constructive economy in the national administration. If we can make the circumstances of the people easy, if we can relieve them of the burden of heavy taxation, we shall have contributed to that contentment and peace of mind which will go far to render them immune from any envious inclination toward other countries. If the people prosper in their business, they will be the less likely to resort to the irritating methods of competition in foreign trade out of which arise mutual misunderstandings and animosities. They will not be driven to the employment of sharp practices in order to support and maintain their own position. Being amply supplied with their own resources, they will not be so inclined to turn covetous eyes toward the resources of other nations.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Ways to Peace (1926)

“In addition, profits are so completely subordinated in Germany and Italy to requirements of a militarily conceived national interest and of full employment that the maintenance of the profit principle is purely theoretical. Profits have lost their autonomy as an independent, not to say the supreme, goal of economic activity.”

Peter F. Drucker (1909–2005) American business consultant

Source: 1930s- 1950s, The End of Economic Man (1939), p. 149

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