Calvin Coolidge Quotes

We desire to see France paid and Germany revived, and as the creditor of Europe we would not wish to assume the role of an oppressive creditor, but would maintain the principle that financial obligations between nations are likewise moral obligations, which international faith and honor require should be discharged.

France had lost almost all their wealth during WWI. Under the Peace Treaty of Versailles, Germany was supposed to pay France (and others) for the damage and destruction they had wrought. If Germany did not pay the reparations, France could not rebuild. And if Germany did pay the reparations, Germany could not rebuild. The United States at that time was not rich enough to help Europe rebuild.
Calvin Coolidge
Calvin Coolidge
  • Born: July 4, 1872
  • Died: January 5, 1933
  • Nationality: American
  • Profession: President

John Calvin Coolidge Jr. was an American politician and the 30th president of the United States from 1923 to 1929. A Republican lawyer from New England, born in Vermont, Coolidge worked his way up the ladder of Massachusetts state politics, eventually becoming governor. His response to the Boston Police Strike of 1919 thrust him into the national spotlight and gave him a reputation as a man of decisive action. The next year, he was elected vice president of the United States, and he succeeded to the presidency upon the sudden death of Warren G. Harding in 1923. Elected in his own right in 1924, he gained a reputation as a small government conservative and also as a man who said very little, although having a rather dry sense of humor.