“Such a condition will likewise give opportunity to devote our surplus wealth, not to the payment of high taxes, but to the financing of the needs of other nations. Our country has already through private sources recognized the requirements in this direction and has made large advances to foreign governments and foreign enterprises for the purpose of reestablishing their public credit and their private industry.”

— Calvin Coolidge

1920s, Ways to Peace (1926)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Such a condition will likewise give opportunity to devote our surplus wealth, not to the payment of high taxes, but to …" by Calvin Coolidge?

Calvin Coolidge 412

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

Related quotes

“The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follows: “To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources””

Nico Perrone (1935) Italian historian and writer

Source: The international economy from a political to an authoritative drive, p. 130

“I propose that where private enterprise has been proved to be palpably unable, under present conditions…to solve our national difficulties and fulfil our national needs unaided by the State, the administrative and financial resources of the nation as a whole should be made responsible for setting on foot and supporting those developments in town and country which would bring into fruitful activity our undeveloped resources and opportunities.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

Speech in Bangor (17 January 1935), quoted in The Times (18 January 1935), p. 7
Later life

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated.”

Woodrow Wilson (1856–1924) American politician, 28th president of the United States (in office from 1913 to 1921)

Section VIII: “Monopoly, Or Opportunity?”, p. 185 http://books.google.com/books?id=MW8SAAAAIAAJ&pg=PA185&dq=%22A+great+industrial+nation%22. Note that this remark has been used as the basis for a fake quotation discussed below.
1910s, The New Freedom (1913)
Context: A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom. This is the greatest question of all, and to this statesmen must address themselves with an earnest determination to serve the long future and the true liberties of men.

“Foreign relations. At no period in the past 12 years have our foreign relations been in such a satisfactory condition as they are at the present time. Our actions in the recent months have greatly strengthened the American policy of permanent peace with independence. The attitude which our Government took and maintained toward an adjustment of European reparations, by pointing out that it wits not a political but a business problem, has demonstrated its wisdom by its actual results. We desire to see Europe restored that it may resume its productivity in the increase of industry and its support in the advance of civilization. We look with great gratification at the hopeful prospect of recuperation in Europe through the Dawes plan. Such assistance as can be given through the action of the public authorities and of our private citizens, through friendly counsel and cooperation, and through economic and financial support, not for any warlike effort but for reproductive enterprise, not to provide means for unsound government financing but to establish sound business administration ' should be unhesitatingly provided.”

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

1920s, Second State of the Union Address (1924)

“But what must be the character of that policy, which aims at national prosperity through the impoverishment of a large proportion of the home producers, with a view to supply foreigners at a cheaper rate, and give them all the benifet of the national privation and self denial?”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book II, On Distribution, Chapter VII, Section IV, p. 340

“In order to create the appropriate material conditions, Lenin was prepared to make recourse not only to market arrangements, but to international capitalism as well. Not only was private property, private enterprise, and private profit largely restored in Lenin’s Russia, but Lenin appealed to international capitalism for assistance as well. He was prepared to offer generous concessions to foreign capitalism.”

A. James Gregor (1929–2019) American political scientist

Source: Marxism, Fascism & Totalitarianism: Chapters in the Intellectual History of Radicalism, (2008), p. 55

“I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.”

Muhammad Yunus book Banker to the Poor

Autobiography : Banker to the Poor (2001)

“It is our purpose in our intercourse with foreign powers to rely not on the strength of our fleets and our armies but on the justice of our cause. For these reasons our country has not wished to maintain huge military forces. It has been convinced that it could better serve itself and better serve humanity by using its resources for other purposes.”

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

1920s, Toleration and Liberalism (1925)

Joan Robinson (1903–1983) English economist

Source: Contributions to Modern Economics (1978), Chapter 3, Obstacles to Full Employment, p. 27 (See also: General Motors)

“Our foreign policy is a complete and total disaster. No vision. No purpose. No direction. No strategy.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2016, April, Foreign Policy Speech (27 April 2016)

Help us to complete the source, original and additional information

Calvin Coolidge 412

Related quotes

Related topics